Company Quick10K Filing
Acadia Realty Trust
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 84 $2,284
10-Q 2019-10-25 Quarter: 2019-09-30
10-Q 2019-07-25 Quarter: 2019-06-30
10-Q 2019-04-25 Quarter: 2019-03-31
10-K 2019-02-19 Annual: 2018-12-31
10-Q 2018-10-29 Quarter: 2018-09-30
10-Q 2018-07-27 Quarter: 2018-06-30
10-Q 2018-05-03 Quarter: 2018-03-31
10-K 2018-02-27 Annual: 2017-12-31
10-Q 2017-11-06 Quarter: 2017-09-30
10-Q 2017-07-28 Quarter: 2017-06-30
10-Q 2017-04-28 Quarter: 2017-03-31
10-K 2017-02-24 Annual: 2016-12-31
10-Q 2016-10-28 Quarter: 2016-09-30
10-Q 2016-07-27 Quarter: 2016-06-30
10-Q 2016-04-29 Quarter: 2016-03-31
10-K 2016-02-19 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-07-31 Quarter: 2015-06-30
10-Q 2015-05-01 Quarter: 2015-03-31
10-K 2015-02-20 Annual: 2014-12-31
10-Q 2014-11-05 Quarter: 2014-09-30
10-Q 2014-08-01 Quarter: 2014-06-30
10-Q 2014-05-02 Quarter: 2014-03-31
10-K 2014-02-26 Annual: 2013-12-31
10-Q 2013-11-05 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-09 Quarter: 2012-03-31
10-K 2012-02-28 Annual: 2011-12-31
10-Q 2011-11-02 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-K 2011-02-28 Annual: 2010-12-31
10-Q 2010-11-08 Quarter: 2010-09-30
10-Q 2010-08-05 Quarter: 2010-06-30
10-Q 2010-05-05 Quarter: 2010-03-31
10-K 2010-03-01 Annual: 2009-12-31
8-K 2019-10-23 Earnings, Exhibits
8-K 2019-10-08 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-06-30 Earnings, Exhibits
8-K 2019-05-31 Other Events, Exhibits
8-K 2019-05-09 Shareholder Vote
8-K 2019-04-24 Earnings, Exhibits
8-K 2018-12-31 Earnings, Exhibits
8-K 2018-12-28 Earnings, Officers, Regulation FD, Exhibits
8-K 2018-10-24 Earnings, Exhibits
8-K 2018-08-28 Other Events, Exhibits
8-K 2018-07-24 Earnings, Exhibits
8-K 2018-05-10 Shareholder Vote
8-K 2018-05-01 Earnings, Exhibits
8-K 2018-02-20 Enter Agreement, Earnings, Off-BS Arrangement, Other Events, Exhibits

Acadia Realty Trust Financials

AKR Metrics, Comps, Filings

Annual | Quarterly

Business

Acadia Realty Trust (the "Trust") was formed on March 4, 1993 as a Maryland real estate investment trust ("REIT"). All references to "Acadia," "we," "us," "our" and "Company" refer to the Trust and its consolidated subsidiaries. We are a fully integrated REIT focused on the ownership, acquisition, development and management of high-quality retail properties located primarily in high-barrier-to-entry, supply-constrained, densely-populated metropolitan areas in the United States. We currently own or have an ownership interest in these properties through our Core Portfolio and our Funds (each as defined below).

All of our assets are held by, and all of our operations are conducted through, Acadia Realty Limited Partnership (the "Operating Partnership") and entities in which the Operating Partnership owns an interest. As of December 31, 2018, the Trust controlled 94% of the Operating Partnership as the sole general partner. As the general partner, the Trust is entitled to share, in proportion to its percentage interest, in the cash distributions and profits and losses of the Operating Partnership. The limited partners primarily represent entities or individuals that contributed their interests in certain properties or entities to the Operating Partnership in exchange for common or preferred units of limited partnership interest ("Common OP Units" or "Preferred OP Units," respectively, and collectively, "OP Units") and employees who have been awarded restricted Common OP Units as long-term incentive compensation ("LTIP Units"). Limited partners holding Common OP and LTIP Units are generally entitled to exchange their units on a one-for-one basis for our common shares of beneficial interest of the Trust ("Common Shares"). This structure is referred to as an umbrella partnership REIT, or "UPREIT."

Our primary business objective is to acquire and manage commercial retail properties that will provide cash for distributions to shareholders while also creating the potential for capital appreciation to enhance investor returns. We focus on the following fundamentals to achieve this objective:


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Taubman Centers (TCO) 2,693 0% 6.0 2% 4,485 4,809 648 0 98 435 2,620
Potlatchdeltic (PCH) 2,569 21% 19.6 4% 2,259 1,013 904 186 86 165 3,227
Brandywine Realty Trust (BDN) 2,528 60% 16.3 2% 4,048 2,319 562 339 90 281 4,593
GEO Group (GEO) 2,527 0% 10.6 4% 4,308 3,286 2,408 0 155 455 4,828
QTS Realty Trust (QTS) 2,506 0% 18.3 1% 3,067 1,673 456 0 30 212 3,888
Retail Properties of America (RPAI) 2,432 0% 12.8 2% 3,653 1,938 238 0 69 316 4,046
Columbia Property Trust (CXP) 2,412 0% 11.0 2% 4,045 1,302 297 0 63 218 2,400
Colony Capital (CLNY) 2,407 0% 37.0 -4% 22,659 12,113 2,515 0 -856 288 10,650
CareTrust REIT (CTRE) 2,345 98% 20.4 4% 1,532 573 166 163 66 142 2,887
Mack Cali Realty (CLI) 2,307 93% 8.3 6% 5,328 2,955 530 493 309 592 4,934
Acadia Realty Trust (AKR) 2,284 0% 35.7 -0% 4,210 2,110 281 0 -12 110 3,934
Retail Opportunity Investments (ROIC) 2,132 0% 10.0 2% 2,969 1,694 298 0 50 212 2,122
Redwood Trust (RWT) 2,125 8.8 1% 13,852 12,288 0 0 126 504 4,446
Invesco Mortgage Capital (IVR) 2,114 54.8 -0% 22,038 19,368 0 0 -57 378 20,684
DiamondRock Hospitality (DRH) 2,104 0% 13.4 3% 3,295 1,470 905 0 94 231 3,091
Alexanders (ALX) 1,981 0% 15.7 4% 1,276 1,008 170 0 54 108 1,691
Four Corners Property Trust (FCPT) 1,970 0% 15.7 6% 1,345 662 153 0 74 123 1,931
Colony Credit Real Estate (CLNC) 1,968 22% -82.6 -3% 9,040 6,377 582 130 -272 -59 4,889
Senior Housing Properties Trust (SNH) 1,883 0% 4.6 -1% 7,099 4,062 1,092 0 -76 398 1,822
Uniti Group (UNIT) 1,871 0% 8.0 1% 4,790 6,192 1,049 0 61 854 6,807

Balance Sheet ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash92793111231114
Accounts Receivable28303740445262
Inventory
PP&E1,0621,2521,5051,8282,5512,9533,161
Assets1,9082,2652,7333,0323,9963,9603,959
Accounts Payable
Long-Term Debt7271,0381,1281,3691,4891,4241,560
Liabilities8381,1431,2971,5111,8181,7451,877
Stockholders' Equity6237041,0561,1001,5891,5671,460
Income Statement ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue262
Cost of Revenue
Gross Profit
R&D
SG&A22262730413434
Tax-10-22211
Net Income-1-2-10-164-16
Cash Flow ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating60658311411212096
Cash Investing-137-88-269-355-61110-137
Cash Financing791032496498-127-10