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← CockpitCompetitor Analysis › AKR Acadia Realty TrustOpen in the cockpit ↗

Acadia Realty TrustAKRCompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts

REIT owning high-street urban retail (Manhattan, SF) and suburban shopping centers, plus a fund-management platform.

Momentum neutral 52
Mkt cap
$2.74B
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$24.4M
20-day average traded
P/B
1.17×
price to book
ROE
1.6%
delivered
Implied ROE
11.8%
what the price asks
Next earnings
102 days
16 Feb 2027
Close · USD$19.80
1D+0.6%
1W+4.0%
1M+8.9%
3M-2.3%
6M-9.1%
YTD-3.6%
1Y-0.3%
ATR %2.2%
Beta0.17
52w lowhigh14.0% off high

What Acadia Realty Trust does

REIT owning high-street urban retail (Manhattan, SF) and suburban shopping centers, plus a fund-management platform.

Collects rent from retail tenants, with leases that can reset to higher rents as space is re-let, and runs institutional funds for outside investors, earning fees and a share of investment gains on top. Street-level shops in major cities are its distinctive holding beside suburban centers.

Products and services

  • Urban street retail leasing
  • Suburban shopping center leasing
  • Fund management (institutional capital)

Customers

  • Luxury/national retail tenants
  • Institutional co-investors (fund platform)

Where it sits in the supply chain

  • Retail REIT
  • Urban street retail & suburban shopping…
  • Institutional fund management platform

What could go right

  • Urban retail leasing/foot-traffic recovery
  • Fund management fee income growth

What could go wrong

  • Urban retail vacancy/e-commerce pressure
  • Interest-rate sensitivity of REIT valuations

Moat: narrow (scale, installed base, brand). Prime urban retail corners in top cities are scarce, hard-to-replicate real estate.

Headquarters: Rye, New York, US · Employees: 109

Named competitors

Acadia Realty Trust at a glance

Size Acadia Realty Trust (AKR) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $2.74B, the 1600th largest of 3,117 United States companies the cockpit tracks. Shares closed at $19.80 on 6 Nov 2026.

Performance Over six months the shares fell 9.1%, against -5.5% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue fell 0.3% over the last twelve months (peer median +6.0%); the operating margin is 19.3% (peer median 46.9%).

Valuation It trades at 1.17× book value against a peer median of 1.28× (10th cheapest of 21).

Price implies The share price implies a return on equity of about 11.8%; Acadia Realty Trust delivers 1.6%, so the price asks more than the business earns today.

Short interest Short interest is 9.7% of the free float (15 Oct 2026).

Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026Peer median 95AKR 91
Six months, rebased to 100: Acadia Realty Trust against the median of its 20 peers (local-currency closes).

Acadia Realty Trust financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$398M$411M$360M$346M$327M
Revenue growth—+14%+4%+6%—
Gross profit$127M$130M$109M$101M$88.8M
EBITDA$228M$242M$207M$194M$180M
Net income$36.2M$12.2M$20.5M$18.9M-$36.2M
Free cash flow$56.0M$42.1M$60.2M$86.2M$82.2M
Capital expenditure$132M$139M$89.5M$78.5M$59.0M
Total debt$1.97B$2.02B$1.67B$2.01B$1.91B

Quarterly statements and history in the cockpit →

Acadia Realty Trust competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%-10%0%+10%0%+5%+10%BUOUDXHMSODLNDRHDIR-UNUEFCPTHMN8963LTCBYG8960IVT89543269CRT-UN898589848955AKR6-month return →1-month return →
Up and to the right = strong over both horizons. Acadia Realty Trust is the large dot.

Fundamentals: return on equity against price-to-book

5%10%10×1.50×BUOUDXHMSODLNDRHDIR-UNUEFCPTHMN8963LTCBYG8960IVT89543269CRT-UN89848955AKRReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Acadia Realty Trust is the large dot.

Capital: ROE delivered against the ROE the price implies

5%10%15%5%10%15%BUOUDXHMSODLNDRHDIR-UNUEFCPTHMN8963LTCBYG8960IVT89543269CRT-UN8984AKRROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Acadia Realty Trust is the large dot.

Acadia Realty Trust competitors and peer comparison

Head to head with its named competitors (AKR vs VNO vs SLG vs REG)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Acadia Realty Trust AKR$2.74B-9%0%2%1.17×11.8%
Vornado Realty Trust VNO$6.70B+11%+2%0%1.44×17.3%
SL Green Realty SLG$3.88B+11%+9%-3%1.12×14.6%
Regency Centers REG$13.7B-3%+8%8%2.06×15.2%

How Acadia Realty Trust compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Acadia Realty Trust against its 20 peers (data as of 6 Nov 2026)
MeasureAKRPeer medianRank in peer set
1-month return+8.9%+5.0%6th highest of 21
6-month return-9.1%-5.5%6th lowest of 21
Return on equity1.6%7.3%3rd lowest of 21
Price / book1.17×1.28×10th cheapest of 21
Trailing P/E71.7×17.7×2nd most expensive of 21
ROE the price implies11.8%7.6%5th most demanding of 21
ROE delivered1.6%7.2%4th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Acadia Realty Trust AKRUnited States$2.74B-9%0%2%1.17×11.8%1.6%
Frasers Logistics & Commercial Trust BUOU.SISingapore$2.76B-6%0%5%0.82×4.2%5.1%
Dynex Capital DXUnited States$2.77B-20%+142%-2%0.98×9.6%-2.0%
Hammerson HMSO.LUnited Kingdom$2.80B+13%+92%11%0.90×18.4%10.6%
Derwent London DLN.LUnited Kingdom$2.87B+15%+45%1%0.62×10.0%1.4%
DiamondRock Hospitality DRHUnited States$2.88B+30%+2%11%1.86×16.4%10.6%
Dream Industrial Real Estate Investment Trust DIR-UN.TOCanada$2.58B-8%+6%4%0.78×8.4%3.9%
Urban Edge Properties UEUnited States$2.58B-6%+6%8%1.95×16.9%8.0%
Four Corners Property Trust FCPTUnited States$2.57B-7%+10%8%1.58×12.2%7.5%
CapitaLand Ascott Trust HMN.SISingapore$2.55B-6%+5%7%0.74×4.7%6.5%
Invincible Investment 8963.TJapan$2.94B-1%+10%9%1.31×6.2%8.9%
LTC Properties LTCUnited States$2.52B+14%+69%39%1.50×9.9%38.7%
Big Yellow BYG.LUnited Kingdom$2.50B+11%+2%5%0.72×8.8%4.8%
United Urban Investment 8960.TJapan$3.04B-15%-2%7%1.25×4.9%7.2%
InvenTrust Properties IVTUnited States$2.46B+1%+13%2%1.38×11.0%1.6%
ORIX JREIT 8954.TJapan$3.06B-12%+35%8%1.36×5.4%8.3%
Advance Residence Investment 3269.TJapan$2.42B-18%-4%7%1.54×5.8%7.3%
CT Real Estate Investment Trust CRT-UN.TOCanada$3.11B+3%+5%13%0.68×6.2%12.9%
Japan Hotel Reit Investment 8985.TJapan$3.14B+7%+15%8%1.44×6.8%8.5%
Daiwa House REIT Investment 8984.TJapan$3.15B-13%-9%5%1.01×4.4%4.9%
Japan Prime Realty Investment 8955.TJapan$2.37B-7%-13%7%1.31×5.2%6.8%

Questions

Who are Acadia Realty Trust's main competitors?
Named competitors: Vornado Realty Trust (VNO), SL Green Realty (SLG), Regency Centers (REG). The cockpit's measured peer set (industry) also includes Frasers Logistics & Commercial Trust (BUOU.SI), Dynex Capital (DX), Hammerson (HMSO.L), Derwent London (DLN.L), DiamondRock Hospitality (DRH), Dream Industrial Real Estate Investment Trust (DIR-UN.TO).
Is Acadia Realty Trust expensive compared with its peers?
On price / book it trades at 1.17× against a peer median of 1.28×, 10th cheapest of 21 in its peer set. The share price implies a return on equity of about 11.8%; Acadia Realty Trust delivers 1.6%, so the price asks more than the business earns today.
How has Acadia Realty Trust stock performed?
Over six months to 6 Nov 2026 the shares returned -9.1% against -5.5% for the median peer; over one year -0.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.