Acadia Realty Trust (AKR) intrinsic value & 10-year financials
Acadia Realty Trust (AKR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 8.9% a year to $410.8M, with an average return on invested capital of 0.8%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $18.59
- Market cap
- $2.4B
- Revenue (FY2025)
- $410.8M
- Revenue growth (10-yr CAGR)
- 8.9%
- ROIC (10-yr avg)
- 0.8%
- Free cash flow (FY2025)
- —
AKR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $410.8M | $16.9M | $0.10 | — | 12.0% | 1.3% |
| FY2024 | $359.7M | $21.6M | $0.19 | — | 18.3% | 1.8% |
| FY2023 | $338.7M | $19.9M | $0.20 | — | 14.5% | 1.4% |
| FY2022 | $326.3M | -$65.3M | -$0.40 | — | 20.9% | 2.0% |
| FY2021 | $292.5M | $26.0M | $0.26 | — | 10.5% | 0.9% |
| FY2020 | $255.5M | -$66.0M | -$0.11 | — | -45.2% | -3.6% |
| FY2019 | $295.3M | $21.2M | — | — | 24.6% | 2.2% |
| FY2018 | $262.2M | -$15.7M | — | — | 10.5% | 0.9% |
| FY2017 | $250.3M | $64.3M | — | — | 6.9% | 0.6% |
| FY2016 | $189.9M | $72.8M | — | — | 11.5% | 0.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ACADIA REALTY TRUST is a consistent compounder, expanding top-line revenue at 8.9% annually over the past decade.
ACADIA REALTY TRUST has historically struggled to out-earn its cost of capital, averaging just 0.8% ROIC.
ACADIA REALTY TRUST has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ACADIA REALTY TRUST is modeled at -22.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-3.09 per share.