Acadia Realty Trust (AKR) Stock Analysis
Real Estate · REIT - Retail · NYSE
Acadia Realty Trust (AKR) posted $410.76M in revenue for fiscal 2025 (up 14.2% year over year), at a 4.1% net margin, and has compounded revenue about 10.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Acadia Realty Trust
Acadia Realty Trust has grown revenue from $189.94M to $410.76M over the last 10 fiscal years, compounding about 10.4% a year. The most recent year was up 14.2%, so growth is actually accelerating.
Net margin sits at 4.1%, down 1.9 points year over year. It carries about $1.86B of total debt.
At today's valuation the market is pricing in roughly 53.5% annual free-cash-flow growth. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Acadia Realty Trust's SEC filings — descriptive, not advice. Ask the analyst your own question →
Acadia Realty Trust revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $189.94M | $248.55M | $259.68M | $289.58M | $250.91M | $292.50M | $326.29M | $338.69M | $359.69M | $410.76M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $72.78M | $64.31M | $-15.70M | $23.23M | $-65.72M | $26.03M | $-35.45M | $19.87M | $21.65M | $16.90M |
| Net margin | 38.3% | 25.9% | -6.0% | 8.0% | -26.2% | 8.9% | -10.9% | 5.9% | 6.0% | 4.1% |
Source: Acadia Realty Trust SEC filings (10-K). 17 years of history available in the interactive view.
Acadia Realty Trust: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 46.7% over 4 years (89.3M → 131M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $1862.9M is 11.2× last year's operating cash flow — it would take years of cash flow to clear.
What growth is priced into AKR stock?
At today's market cap of $3.11B, Acadia Realty Trust is priced for free-cash-flow growth of about 53.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $6.51M from the FY ending 2017-12-31). For comparison, revenue 10.4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Acadia Realty Trust financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Acadia Realty Trust financial history by metric
Compare Acadia Realty Trust with peers
About Acadia Realty Trust
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth. Acadia owns and operates a high-quality core real estate portfolio of street and open-air retail properties in the nation's most dynamic retail corridors, along with an investment management platform that targets opportunistic and value-add investments through its institutional co-investment vehicles Investment Management. Acadia Realty Trust was incorporated in 1993 in Maryland and is based in Rye, United States.
Acadia Realty Trust — frequently asked questions
What is Acadia Realty Trust's revenue?
Acadia Realty Trust (AKR) reported revenue of $410.76M for fiscal year 2025, up 14.2% from the prior year, according to its SEC filings.
Is Acadia Realty Trust profitable?
Yes. AKR earned net income of $16.90M in fiscal 2025, a net margin of 4.1%.
What is AKR's P/E ratio?
Acadia Realty Trust trades at a price-to-earnings ratio of about 69.2 based on the latest data in our nightly-refreshed cache.
How fast is Acadia Realty Trust growing?
AKR's revenue grew at roughly 10.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Acadia Realty Trust have?
As of fiscal year 2025, AKR carried roughly $1.86B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Acadia Realty Trust's market cap?
Acadia Realty Trust (AKR) has a market capitalization of about $3.11B, based on the latest data in our nightly-refreshed cache.
When does Acadia Realty Trust's fiscal year end?
AKR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into AKR stock?
At today's market cap of $3.11B, Acadia Realty Trust is priced for free-cash-flow growth of about 53.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $6.51M from the FY ending 2017-12-31). For comparison, revenue 10.4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Acadia Realty Trust's official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.