Company Valuation: Acadia Realty Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,931 1,363 1,620 2,891 2,691 3,069 - -
Change - -29.43% 18.88% 78.47% -6.9% 14.04% - -
Enterprise Value (EV) 1 3,726 3,139 3,473 4,411 4,516 4,647 4,631 5,104
Change - -15.76% 10.64% 27.04% 2.36% 2.92% -0.35% 10.22%
P/E 84x -37.8x 85x 127x 205x 51.7x 61.8x 82.8x
PBR 1.28x 0.81x 0.99x 1.4x 1.21x 1.32x 1.38x -
PEG - 0x -1x -25.4x -4.3x 0x -3.8x -3.3x
Capitalization / Revenue 6.6x 4.18x 4.78x 8.04x 6.55x 7.64x 6.95x 6.07x
EV / Revenue 12.7x 9.62x 10.3x 12.3x 11x 11.6x 10.5x 10.1x
EV / EBITDA 24.3x 17.4x 16.4x 21.4x 19.1x 18.4x 16.3x 15.6x
EV / EBIT 124x 70.7x 70.8x 67.2x 91.4x 34.1x 36.8x 29x
EV / FCF 35.5x - - 93.6x - 108x 121x -
FCF Yield 2.82% - - 1.07% - 0.93% 0.82% -
Dividend per Share 2 0.6 0.72 0.72 0.74 0.8 0.804 0.8476 0.8614
Rate of return 2.75% 5.02% 4.24% 3.06% 3.89% 3.6% 3.79% 3.85%
EPS 2 0.26 -0.38 0.2 0.19 0.1 0.4324 0.3616 0.27
Distribution rate 231% -189% 360% 389% 800% 186% 234% 319%
Net sales 1 292.5 326.3 338.7 359.7 410.8 401.6 441.6 505.7
EBITDA 1 153.5 180.3 212.2 206.3 236.7 252.3 284.1 328.1
EBIT 1 30.06 44.38 49.08 65.66 49.43 136.3 125.8 175.7
Net income 1 23.15 -35.44 19.87 21.65 16.9 58.45 47.64 42.2
Net Debt 1 1,795 1,776 1,853 1,520 1,824 1,578 1,562 2,035
Reference price 2 21.83 14.35 16.99 24.16 20.54 22.35 22.35 22.35
Nbr of stocks (in thousands) 88,454 94,957 95,341 119,655 131,035 137,333 - -
Announcement Date 15/2/22 14/2/23 13/2/24 11/2/25 10/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
51.69x11.57x18.42x3.6% 3.07B
35.89x15.47x19.9x3.94% 74.31B
30.85x11.55x15.98x4.13% 17.14B
32.47x12.3x17.64x3.77% 14.66B
15.68x11.25x16.36x6.39% 12.95B
27x10.45x15.48x3.94% 9.68B
40.48x16.08x19.46x4.15% 9.55B
23.18x14.37x15.8x5.12% 9.03B
12.25x17.27x18.99x4.64% 8.64B
-191.99x12.63x19.46x2.66% 7.7B
Average 7.75x 13.29x 17.75x 4.23% 16.67B
Weighted average by Cap. 21.10x 14.04x 18.42x 4.18%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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