Acadia Realty Trust (AKR) Income Statement
AKR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAKR revenue and net income
Where AKR's revenue goes
2025Each bar shows an amount and its share of revenue. AKR kept 3.3% of revenue as net income.
AKR profit margins
AKR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +14.2% | +8.0% | +10.4% | +6.6% |
| Gross profit | −16.2% | −2.6% | +6.3% | +2.4% |
| Operating income | −24.7% | −10.2% | — | −2.3% |
| Net income | −37.3% | — | — | −14.6% |
| EPS (diluted) | −10.7% | — | −22.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AKR quarterly EPS vs estimates
Acadia Realty beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 2, 2026 (estimate $0.31).
AKR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $410.8M | $359.7M | $338.7M | $326.3M | $292.5M | $250.9M | $289.6M | $262.2M | $250.3M | $189.9M |
| Cost of revenue | $203.2M | $112.0M | $108.5M | $101.9M | $98.9M | $98.0M | $88.2M | $81.9M | $77.6M | $49.9M |
| Gross profit | $207.5M | $247.6M | $230.2M | $224.4M | $193.6M | $152.9M | $201.4M | $180.3M | $172.6M | $140.1M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $45.7M | $40.6M | $41.5M | $44.1M | $40.1M | $35.8M | $34.3M | $34.3M | $33.8M | $40.6M |
| Total operating expenses | $158.1M | $182.0M | $181.1M | $156.1M | $163.0M | $267.9M | $128.3M | $152.7M | $140.9M | $118.2M |
| Operating income | $49.4M | $65.7M | $49.1M | $68.2M | $30.7M | −$115.1M | $73.1M | $27.5M | $17.3M | $21.9M |
| Interest income | $79.4M | $25.1M | $19.6M | $14.6M | $5.5M | $9.0M | $8.0M | $13.2M | $29.1M | $25.8M |
| Interest expense | $95.3M | $92.6M | $93.3M | $80.2M | $68.0M | $69.7M | $69.2M | $70.0M | $59.0M | $34.6M |
| Income before taxes | −$39.6M | $8.4M | −$1.4M | −$65.2M | $26.1M | −$65.4M | $24.7M | −$19.9M | $16.4M | $52.5M |
| Income taxes | $412,000 | $212,000 | $301,000 | $12,000 | $93,000 | $269,000 | $1.5M | $934,000 | $1.0M | −$105,000 |
| Net income | $13.6M | $21.6M | $19.9M | −$35.4M | $23.5M | −$9.0M | $53.7M | $31.4M | $61.5M | $72.8M |
| EBITDA | $213.2M | $239.8M | $227.8M | $150.9M | $217.6M | $151.5M | $216.5M | $172.8M | $229.2M | $157.2M |
| EPS (diluted) | $0.25 | $0.28 | $0.10 | −$0.37 | $0.38 | $0.89 | $0.31 | $0.38 | $0.37 | $0.79 |
| Gross margin | 50.5% | 68.8% | 68.0% | 68.8% | 66.2% | 60.9% | 69.5% | 68.8% | 69.0% | 73.7% |
| Operating margin | 12.0% | 18.3% | 14.5% | 20.9% | 10.5% | −45.9% | 25.2% | 10.5% | 6.9% | 11.5% |
| Net margin | 3.3% | 6.0% | 5.9% | −10.9% | 8.1% | −3.6% | 18.5% | 12.0% | 24.6% | 38.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $95.4M | $103.0M | $104.8M | $101.0M | $100.6M | $104.4M | $93.3M | $87.7M | $87.3M | $91.4M | $85.5M | $81.4M |
| Cost of revenue | $29.8M | $31.2M | $112.4M | $28.5M | $30.8M | $31.6M | $29.3M | $25.5M | $25.8M | $31.4M | $29.3M | $27.0M |
| Gross profit | $65.6M | $71.8M | −$7.6M | $72.5M | $69.8M | $72.8M | $64.0M | $62.2M | $61.5M | $59.9M | $56.2M | $54.4M |
| Sales, general & admin | $11.8M | $15.3M | $11.6M | $10.9M | $11.5M | $11.6M | $10.4M | $10.2M | $10.2M | $9.8M | $10.6M | $10.3M |
| Total operating expenses | $46.9M | $55.5M | −$28.3M | $59.9M | $69.0M | $57.5M | $47.7M | $44.7M | $43.7M | $45.9M | $45.6M | $47.7M |
| Operating income | $18.7M | $16.4M | $20.7M | $12.7M | $760,000 | $15.3M | $16.4M | $17.5M | $17.8M | $14.0M | $10.6M | $6.7M |
| Interest income | $6.6M | $4.8M | $17.0M | $6.1M | $6.4M | $6.1M | $6.6M | $7.9M | $5.4M | $5.2M | $5.1M | $23.0M |
| Interest expense | $20.1M | $22.1M | $24.2M | $24.3M | $23.6M | $23.2M | $21.9M | $23.4M | $23.6M | $23.7M | $24.7M | $24.9M |
| Income before taxes | $23.0M | $139.1M | $3.6M | −$11.0M | −$20.7M | −$11.5M | $1.2M | $12.3M | $1.7M | −$6.8M | −$10.2M | −$16.3M |
| Income taxes | $154,000 | $12,000 | $83,000 | $2,000 | $211,000 | $116,000 | $11,000 | $15,000 | $155,000 | $31,000 | $53,000 | −$40,000 |
| Net income | $11.0M | $30.5M | $7.7M | $5.6M | $2.0M | $1.6M | $8.5M | $8.4M | $1.4M | $3.3M | −$1.3M | −$1.4M |
| EBITDA | $78.3M | $201.3M | $67.6M | $52.2M | $42.1M | $51.1M | $58.3M | $70.1M | $59.6M | $51.8M | $49.5M | $42.3M |
| EPS (diluted) | $0.31 | $0.03 | $0.10 | $0.09 | $0.06 | $0.00 | $0.10 | $0.06 | $0.07 | $0.05 | −$0.02 | −$0.01 |
| Gross margin | 68.8% | 69.7% | −7.2% | 71.8% | 69.3% | 69.7% | 68.6% | 70.9% | 70.5% | 65.6% | 65.7% | 66.9% |
| Operating margin | 19.6% | 15.9% | 19.7% | 12.6% | 0.8% | 14.7% | 17.5% | 19.9% | 20.4% | 15.3% | 12.4% | 8.2% |
| Net margin | 11.6% | 29.6% | 7.4% | 5.6% | 2.0% | 1.5% | 9.1% | 9.6% | 1.7% | 3.6% | −1.6% | −1.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AKR's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AKR financial results
In fiscal year 2025 (ended December 31, 2025), Acadia Realty reported revenue of $410.8 million, up 14.2% from the year before. It had net income of $13.6 million (down 37.3%), a net profit margin of 3.3%. Diluted earnings per share came to $0.25. Over five years revenue grew at an average rate of 10.4% a year.
See the AKR stock overview for the latest quote and news, or the AKR chart for price history and technical indicators.
AKR income statement FAQ
What is Acadia Realty's annual revenue?
Acadia Realty reported total revenue of $410.8 million for fiscal year 2025, which ended on December 31, 2025. That was up 14.2% from $359.7 million the previous year.
Is Acadia Realty profitable?
Yes. Acadia Realty reported net income of $13.6 million in fiscal 2025, a net profit margin of 3.3%; its operating margin was 12.0%.
What is Acadia Realty's gross margin?
Acadia Realty's gross margin was 50.5% in fiscal 2025: for every $100 of revenue, Acadia Realty kept $51 after the direct cost of its products and services.
How fast is Acadia Realty growing?
Revenue grew 10.4% a year on average over the last five fiscal years, from $250.9 million to $410.8 million.
What are Acadia Realty's earnings per share?
Acadia Realty earned $0.25 per diluted share in fiscal 2025, compared with $0.28 a year earlier.
When will Acadia Realty report its next earnings?
Acadia Realty is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 before the market opens.
When does Acadia Realty's fiscal year end?
Acadia Realty's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.