Acadia Realty Trust (AKR) Key Metrics
AKR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.71B
- Enterprise value
- $4.28B
- P/E (TTM)
- 54.7 10-yr median 71.9
- Forward P/E
- 57.8
- PEG ratio
- 4.70
- Price / sales
- 6.5 10-yr median 6.9
- Price / book
- 1.1 10-yr median 1.1
- EV / EBITDA
- 10.7 10-yr median 19.2
- Dividend yield
- 4.05% $0.80 a year
- Beta
- 1.13
AKR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAKR valuation Price multiples at each fiscal year-end price.
AKR returns How much profit the business earns on the capital it uses.
AKR per-share figures Results divided by the shares outstanding at year-end.
AKR financial health Debt, liquidity and how easily interest is covered.
AKR efficiency & capital use Working capital cycle and where the cash goes.
AKR valuation history
AKR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AKR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AKR cash returned to shareholders
AKR price vs earnings per share
AKR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.69B | $2.62B | $1.62B | $1.36B | $1.91B | $1.23B | $2.19B | $1.97B | $2.29B | $2.50B |
| Enterprise value | $4.57B | $4.18B | $3.50B | $3.30B | $3.82B | $3.01B | $4.02B | $5.12B | $3.71B | $5.48B |
| P/E ratio | 198.3 | 120.8 | 81.5 | — | 81.3 | — | 40.8 | 62.5 | 37.2 | 34.4 |
| Price / sales | 6.6 | 7.3 | 4.8 | 4.2 | 6.5 | 4.9 | 7.6 | 7.5 | 9.1 | 13.2 |
| Price / book | 1.2 | 1.3 | 1.0 | 0.6 | 0.9 | 0.9 | 1.4 | 0.9 | 1.5 | 1.1 |
| Price / free cash flow | 16.1 | 43.4 | 18.8 | 10.2 | 18.2 | 12.0 | 24.8 | 21.8 | 20.0 | 24.0 |
| Price / operating cash flow | 16.1 | 18.6 | 10.4 | 10.2 | 18.2 | 12.0 | 17.2 | 20.5 | 19.1 | 22.4 |
| EV / sales | 11.1 | 11.6 | 10.3 | 10.1 | 13.1 | 12.0 | 13.9 | 19.5 | 14.8 | 28.8 |
| EV / EBITDA | 21.5 | 17.4 | 15.4 | 21.9 | 17.6 | 19.9 | 18.6 | 29.6 | 16.2 | 34.9 |
| EV / free cash flow | 27.4 | 69.4 | 40.6 | 24.8 | 36.4 | 29.4 | 45.6 | 56.9 | 32.4 | 52.6 |
| Earnings yield | 0.5% | 0.8% | 1.2% | −2.6% | 1.2% | −0.7% | 2.5% | 1.6% | 2.7% | 2.9% |
| Free cash flow yield | 6.2% | 2.3% | 5.3% | 9.8% | 5.5% | 8.4% | 4.0% | 4.6% | 5.0% | 4.2% |
| Dividend yield | 3.8% | 2.9% | 4.2% | 4.8% | 2.1% | 4.1% | 4.3% | 4.5% | 4.3% | 3.6% |
| Shareholder yield (dividends + buybacks) | 3.8% | 2.9% | 4.2% | 4.8% | 2.1% | 5.9% | 4.3% | 7.3% | 4.3% | 3.6% |
| Share price at fiscal year-end | $20.54 | $24.16 | $16.99 | $14.35 | $21.83 | $14.19 | $25.93 | $23.76 | $27.36 | $32.68 |
| Per share | ||||||||||
| Revenue per share | $3.13 | $3.32 | $3.55 | $3.45 | $3.34 | $2.90 | $3.43 | $3.17 | $2.99 | $2.48 |
| Earnings per share | $0.10 | $0.20 | $0.21 | −$0.37 | $0.27 | −$0.10 | $0.64 | $0.38 | $0.73 | $0.95 |
| Operating cash flow per share | $1.27 | $1.30 | $1.63 | $1.41 | $1.20 | $1.19 | $1.51 | $1.16 | $1.43 | $1.46 |
| Free cash flow per share | $1.27 | $0.56 | $0.90 | $1.41 | $1.20 | $1.19 | $1.04 | $1.09 | $1.37 | $1.36 |
| Cash per share | $0.30 | $0.29 | $0.53 | $0.18 | $0.20 | $0.22 | $0.19 | $0.26 | $0.89 | $0.94 |
| Book value per share | $16.98 | $19.08 | $17.18 | $23.76 | $24.52 | $16.67 | $18.27 | $25.16 | $18.73 | $28.44 |
| Tangible book value per share | $16.00 | $18.28 | $16.12 | $22.68 | $23.28 | $15.51 | $16.87 | $23.76 | $17.20 | $26.95 |
| Dividends per share | $0.77 | $0.71 | $0.72 | $0.68 | $0.45 | $0.58 | $1.11 | $1.07 | $1.19 | $1.19 |
| Capex per share | $4.06 | $0.74 | $0.73 | $3.10 | $2.31 | $0.71 | $0.46 | $0.07 | $0.06 | $0.10 |
| Debt per share | $14.66 | $14.75 | $20.30 | $20.72 | $21.97 | $20.86 | $21.82 | $38.34 | $17.86 | $39.80 |
| Shares outstanding | 131.1M | 108.3M | 95.3M | 94.6M | 87.7M | 86.4M | 84.4M | 82.7M | 83.7M | 76.6M |
| Change in shares outstanding | +21.1% | +13.6% | +0.7% | +8.0% | +1.4% | +2.4% | +2.1% | −1.1% | +9.3% | +11.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 0.6% | 1.2% | 1.0% | −1.6% | 1.3% | −0.6% | 3.0% | 1.7% | 3.3% | 3.9% |
| Return on invested capital (ROIC) | 1.0% | 1.8% | 1.0% | 1.3% | 0.8% | −2.8% | 1.6% | 0.5% | 0.4% | 0.5% |
| Return on assets (ROA) | 0.3% | 0.5% | 0.5% | −0.8% | 0.6% | −0.2% | 1.3% | 0.8% | 1.5% | 2.1% |
| Return on tangible assets | 0.3% | 0.5% | 0.5% | −0.8% | 0.6% | −0.2% | 1.3% | 0.8% | 1.6% | 1.9% |
| Free cash flow margin | 40.7% | 16.7% | 25.5% | 40.8% | 35.9% | 40.9% | 30.4% | 34.3% | 45.8% | 54.9% |
| Income quality (OCF / net income) | 12.30 | 6.49 | 7.84 | — | 4.46 | — | 2.37 | 3.06 | 1.95 | 1.54 |
| Financial health | ||||||||||
| Total debt | $1.92B | $1.60B | $1.93B | $1.96B | $1.93B | $1.80B | $1.84B | $3.17B | $1.50B | $3.05B |
| Cash & short-term investments | $38.8M | $31.6M | $50.8M | $17.2M | $17.7M | $18.7M | $15.8M | $21.3M | $74.8M | $71.8M |
| Net debt | $1.88B | $1.56B | $1.88B | $1.94B | $1.91B | $1.78B | $1.83B | $3.15B | $1.42B | $2.98B |
| Debt / equity | 0.86 | 0.77 | 1.18 | 0.87 | 0.90 | 1.25 | 1.19 | 1.52 | 0.95 | 1.40 |
| Debt / assets | 0.40 | 0.37 | 0.45 | 0.46 | 0.45 | 0.44 | 0.43 | 0.80 | 0.38 | 0.76 |
| Net debt / EBITDA | 8.83 | 6.53 | 8.27 | 12.89 | 8.77 | 11.78 | 8.44 | 18.24 | 6.20 | 18.93 |
| Current ratio | 1.24 | 1.87 | 0.87 | 0.55 | 0.77 | 0.90 | 1.19 | 1.86 | 2.13 | 1.68 |
| Quick ratio | 0.59 | 1.08 | 0.97 | 0.59 | 0.23 | −0.14 | 1.28 | 1.83 | 2.23 | 1.74 |
| Interest coverage | 0.5 | 0.7 | 0.5 | 0.9 | 0.5 | -1.7 | 1.1 | 0.4 | 0.3 | 0.6 |
| Working capital | $61.2M | $142.4M | −$44.6M | −$177.0M | −$84.7M | −$23.7M | $38.3M | $120.2M | $196.6M | $177.2M |
| Invested capital | $4.11B | $3.63B | $3.52B | $4.19B | $4.06B | $3.23B | $3.37B | $5.23B | $2.99B | $5.15B |
| Tangible asset value | $2.50B | $2.45B | $2.03B | $2.15B | $2.04B | $1.95B | $2.07B | $1.97B | $2.09B | $2.06B |
| Net current asset value | −$1.89B | −$1.53B | −$1.87B | −$1.84B | −$1.82B | −$1.87B | −$1.88B | −$1.62B | −$1.37B | −$1.38B |
| Graham number | $6.29 | $9.27 | $8.98 | — | $12.18 | — | $16.17 | $14.67 | $17.59 | $24.66 |
| Graham net-net per share | −$14.55 | −$14.55 | −$20.67 | −$20.24 | −$21.04 | −$20.99 | −$23.34 | −$20.57 | −$17.94 | −$19.76 |
| Capital allocation | ||||||||||
| Dividends paid | $101.3M | $76.3M | $68.6M | $64.6M | $39.5M | $50.2M | $93.9M | $88.9M | $99.5M | $91.3M |
| Share buybacks (net) | $0 | $0 | — | $0 | $0 | $22.4M | $0 | $55.1M | $0 | $0 |
| Dividend payout ratio | 746.2% | 352.5% | 345.0% | — | 167.6% | — | 174.8% | 282.7% | 161.9% | 125.5% |
| Dividends + buybacks / free cash flow | 60.7% | 126.8% | 79.5% | 48.5% | 37.6% | 70.8% | 106.5% | 160.1% | 86.8% | 87.6% |
| Capex / revenue | 129.5% | 22.3% | 20.5% | 90.0% | 69.2% | 24.6% | 13.5% | 2.3% | 2.1% | 4.0% |
| Capex / operating cash flow | 318.5% | 57.1% | 44.6% | 220.5% | 192.9% | 60.1% | 30.7% | 6.4% | 4.3% | 6.7% |
| Capex / depreciation | 3.38 | 0.58 | 0.51 | 2.16 | 1.64 | 0.41 | 0.31 | 0.05 | 0.05 | 0.11 |
| Stock-based compensation / revenue | 2.8% | 3.6% | 3.8% | 3.4% | 4.2% | 4.3% | 3.8% | 4.9% | 4.5% | 7.2% |
| R&D / revenue | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 11.1% | 11.3% | 12.2% | 13.5% | 13.7% | 14.3% | 11.8% | 13.1% | 13.5% | 21.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 205.0 | 217.5 | 204.2 | 207.5 | 226.8 | 261.4 | 249.0 | 304.9 | 405.7 | 487.7 |
| Days of inventory on hand | 266.4 | 155.0 | -87.4 | 333.5 | 832.4 | 425.1 | -29.5 | -27.2 | -73.3 | 2,178.1 |
| Days payables outstanding | 140.5 | 211.4 | 433.9 | 775.1 | 533.1 | 225.7 | 277.3 | 282.1 | 635.1 | 905.4 |
| Cash conversion cycle (days) | 330.9 | 161.1 | -317.1 | -234.1 | 526.1 | 460.8 | -57.8 | -4.4 | -302.7 | 1,760.4 |
| Receivables turnover | 1.78 | 1.68 | 1.79 | 1.76 | 1.61 | 1.40 | 1.47 | 1.20 | 0.90 | 0.75 |
| Payables turnover | 2.60 | 1.73 | 0.84 | 0.47 | 0.68 | 1.62 | 1.32 | 1.29 | 0.57 | 0.40 |
| Inventory turnover | 1.37 | 2.35 | — | — | 0.44 | 0.86 | — | — | — | — |
| Asset turnover | 0.09 | 0.08 | 0.08 | 0.08 | 0.07 | 0.06 | 0.07 | 0.07 | 0.06 | 0.05 |
| Average receivables | $230.7M | $214.3M | $189.5M | $185.5M | $181.8M | $179.7M | $197.6M | $219.1M | $278.2M | $253.8M |
| Average payables | $78.2M | $64.9M | $129.0M | $216.5M | $144.4M | $60.6M | $67.0M | $63.3M | $135.0M | $123.7M |
| Average inventory | $148.3M | $47.6M | −$26.0M | $93.1M | $225.5M | $114.2M | −$7.1M | −$6.1M | −$15.6M | $297.6M |
| Intangibles / total assets | 2.7% | 2.0% | 2.3% | 2.4% | 2.6% | 2.4% | 2.7% | 2.9% | 3.2% | 2.9% |
Computed from AKR's annual financial statements (latest annual report filed February 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AKR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Acadia Realty traded at 198.3 times earnings, against a 10-year median of 71.9. Based on the latest twelve months, the trailing P/E is 54.7 and the forward P/E is 57.8. Acadia Realty earned a return on equity of 0.6% and a return on invested capital of 1.0% in fiscal 2025. It ended the year with $1.9 billion of debt and $38.8 million in cash and short-term investments, net debt of $1.9 billion. It returned $101.3 million to shareholders: $101.3 million in dividends and $0 in share buybacks, 61% of free cash flow. The share count rose 71.2% from 76.6M to 131.1M over 9 years.
See the AKR income statement, the AKR chart for price history, or the AKR stock overview for the latest quote and news.
AKR key metrics FAQ
What is Acadia Realty's P/E ratio?
Acadia Realty's trailing P/E ratio is 54.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 57.8. At the end of fiscal 2025 it was 198.3, compared with a 10-year median of 71.9.
What is Acadia Realty's EV/EBITDA?
Acadia Realty's enterprise value was 21.5 times EBITDA at the end of fiscal 2025 (enterprise value $4.6 billion, EBITDA $213.2 million); the current EV/EBITDA is 10.7.
What is Acadia Realty's return on equity?
Acadia Realty's return on equity (ROE) was 0.6% in fiscal 2025: net income of $13.6 million on average shareholders' equity of $2.1 billion.
What is Acadia Realty's ROIC?
Acadia Realty's return on invested capital was 1.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Acadia Realty have?
Acadia Realty had total debt of $1.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.86 and $1.9 billion of net debt (8.83 times EBITDA).
What is Acadia Realty's dividend yield?
Acadia Realty's forward dividend yield is 4.05%. Acadia Realty paid $101.3 million in dividends in fiscal 2025 ($0.77 per share), a payout ratio of 746.2%.
What is Acadia Realty's free cash flow yield?
Acadia Realty generated $167.0 million of free cash flow in fiscal 2025, a free cash flow yield of 6.2% on its market value at year-end ($2.7 billion).
What is Acadia Realty's current ratio?
Acadia Realty's current ratio was 1.24 at the end of fiscal 2025: current assets were 1.24 times current liabilities.