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ACADIA REALTY TRUST

AKR Clue Score30
United States Fiscal year ends December CIK 0000899629
$18.24 +0.33% Close, 9 Oct 2026
Price $18.24 −15.94% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue189.9Operating income21.9Net income72.8EPS, diluted0.94Fiscal year 2017Revenue248.6 +30.9%Operating income66.2Net income64.3 −11.6%Fiscal year 2018Revenue259.7 +4.5%Operating income32.7Net income−15.7 −124.4%Fiscal year 2019Revenue289.6 +11.5%Operating income73.1Net income23.2Fiscal year 2020Revenue250.9 −13.4%Operating income−115.1Net income−65.7 −382.9%EPS, diluted−0.11Fiscal year 2021Revenue292.5 +16.6%Operating income30.7Net income26.0EPS, diluted0.26Fiscal year 2022Revenue326.3 +11.6%Operating income68.2Net income−65.3 −350.7%EPS, diluted−0.40 −253.8%Fiscal year 2023Revenue338.7 +3.8%Operating income49.1Net income19.9EPS, diluted0.20Fiscal year 2024Revenue359.7 +6.2%Operating income65.7Net income21.7 +8.9%EPS, diluted0.19 −5.0%Fiscal year 2025Revenue410.8 +14.2%Operating income49.4Net income16.9 −22.0%EPS, diluted0.10 −47.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 189.9 248.6 259.7 289.6 250.9 292.5 326.3 338.7 359.7 410.8
Growth +30.9% +4.5% +11.5% −13.4% +16.6% +11.6% +3.8% +6.2% +14.2%
Operating income 21.9 66.2 32.7 73.1 −115.1 30.7 68.2 49.1 65.7 49.4
Net income 72.8 64.3 −15.7 23.2 −65.7 26.0 −65.3 19.9 21.7 16.9
Growth −11.6% −124.4% −382.9% −350.7% +8.9% −22.0%
EPS, diluted 0.94 n/a n/a n/a −0.11 0.26 −0.40 0.20 0.19 0.10
Growth −253.8% −5.0% −47.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin11.5%Net margin38.3%Fiscal year 2017Operating margin26.6%Net margin25.9%Fiscal year 2018Operating margin12.6%Net margin−6.0%Fiscal year 2019Operating margin25.2%Net margin8.0%Fiscal year 2020Operating margin−45.9%Net margin−26.2%Fiscal year 2021Operating margin10.5%Net margin8.9%Fiscal year 2022Operating margin20.9%Net margin−20.0%Fiscal year 2023Operating margin14.5%Net margin5.9%Fiscal year 2024Operating margin18.3%Net margin6.0%Fiscal year 2025Operating margin12.0%Net margin4.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 11.5% 26.6% 12.6% 25.2% −45.9% 10.5% 20.9% 14.5% 18.3% 12.0%
Net margin 38.3% 25.9% −6.0% 8.0% −26.2% 8.9% −20.0% 5.9% 6.0% 4.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow109.8Dividends paid−91.3Fiscal year 2017Operating cash flow114.7Dividends paid−99.5Fiscal year 2018Operating cash flow96.1Buybacks−55.1Dividends paid−88.9Fiscal year 2019Operating cash flow131.4Dividends paid−93.9Fiscal year 2020Operating cash flow103.9Dividends paid−50.2Fiscal year 2021Operating cash flow105.0Dividends paid−39.5Fiscal year 2022Operating cash flow133.2Dividends paid−64.6Fiscal year 2023Operating cash flow155.8Dividends paid−68.6Fiscal year 2024Operating cash flow140.4Dividends paid−76.3Fiscal year 2025Operating cash flow167.0Dividends paid−101.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 109.8 114.7 96.1 131.4 103.9 105.0 133.2 155.8 140.4 167.0
Buybacks n/a n/a −55.1 n/a n/a n/a n/a n/a n/a n/a
Dividends paid −91.3 −99.5 −88.9 −93.9 −50.2 −39.5 −64.6 −68.6 −76.3 −101.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash71.8Total debt1,488.7Net cash (debt)−1,416.9Shareholders’ equity1,588.6Debt to equity0.94Fiscal year 2017Cash74.8Total debt1,424.4Net cash (debt)−1,349.6Shareholders’ equity1,567.2Debt to equity0.91Fiscal year 2018Cash20.1Total debt1,550.5Net cash (debt)−1,530.5Shareholders’ equity1,459.5Debt to equity1.06Fiscal year 2019Cash14.1Total debt1,708.2Net cash (debt)−1,694.0Shareholders’ equity1,542.3Debt to equity1.11Fiscal year 2020Cash18.7Total debt1,707.8Net cash (debt)−1,689.1Shareholders’ equity1,441.0Debt to equity1.19Fiscal year 2021Cash17.7Total debt1,812.2Net cash (debt)−1,794.5Shareholders’ equity1,521.6Debt to equity1.19Fiscal year 2022Cash17.2Total debt1,793.1Net cash (debt)−1,775.9Shareholders’ equity1,691.8Debt to equity1.06Fiscal year 2023Cash17.5Total debt1,870.1Net cash (debt)−1,852.7Shareholders’ equity1,636.9Debt to equity1.14Fiscal year 2024Cash16.8Total debt1,537.3Net cash (debt)−1,520.5Shareholders’ equity2,065.7Debt to equity0.74Fiscal year 2025Cash38.8Total debt1,862.9Net cash (debt)−1,824.1Shareholders’ equity2,225.6Debt to equity0.84
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 71.8 74.8 20.1 14.1 18.7 17.7 17.2 17.5 16.8 38.8
Total debt 1,488.7 1,424.4 1,550.5 1,708.2 1,707.8 1,812.2 1,793.1 1,870.1 1,537.3 1,862.9
Net cash (debt) −1,416.9 −1,349.6 −1,530.5 −1,694.0 −1,689.1 −1,794.5 −1,775.9 −1,852.7 −1,520.5 −1,824.1
Shareholders’ equity 1,588.6 1,567.2 1,459.5 1,542.3 1,441.0 1,521.6 1,691.8 1,636.9 2,065.7 2,225.6
Debt to equity 0.94 0.91 1.06 1.11 1.19 1.19 1.06 1.14 0.74 0.84

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
11.5% 26.6% 12.6% 25.2% −45.9% 10.5% 20.9% 14.5% 18.3% 12.0%
27.7% 26.3% −5.7% 8.5% −26.1% 8.9% −20.0% −0.4% 2.3% −9.6%
38.3% 25.9% −6.0% 8.0% −26.2% 8.9% −20.0% 5.9% 6.0% 4.1%
Spending
21.4% 13.6% 13.2% 11.8% 14.3% 13.7% 13.5% 12.2% 11.3% 11.1%
−0.2% 1.5% n/a 5.9% n/a 0.4% n/a n/a 2.5% n/a
Returns
4.6% 4.1% −1.1% 1.5% −4.6% 1.7% −3.9% 1.2% 1.0% 0.8%
1.8% 1.6% −0.4% 0.5% −1.6% 0.6% −1.5% 0.5% 0.5% 0.3%
Balance and payout
0.94 0.91 1.06 1.11 1.19 1.19 1.06 1.14 0.74 0.84
45.5% 44.1% 47.4% 49.9% 50.4% 49.6% 47.7% 50.3% 42.1% 45.6%
125.5% 154.8% n/a 404.2% n/a 151.7% n/a 345.0% 352.5% 599.8%