AKR ACADIA REALTY TRUST

Overview and Growth

ACADIA REALTY TRUST generated $410.76M of revenue in fiscal 2025, with net income of $16.90M and an operating cash inflow of $166.98M. The $410.76M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 14.2% above fiscal 2024 revenue of $359.69M, marking a year-over-year increase. Diluted earnings per share were $0.10, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 47.4% decrease from fiscal 2024 diluted EPS of $0.19. A diluted share base of 128.66M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The diluted share count was 18.8% higher than fiscal 2024, when diluted shares averaged 108.26M, adding context to the EPS comparison. Total assets stood at $4.84B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 0.08x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Operations produced $49.43M of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 12.0% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $16.90M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 4.1% of revenue, connecting the absolute net income figure with the company’s top-line scale. EBITDA was $206.88M, supplying an additional view of reported operating earnings before interest, taxes, depreciation, and amortization. The company reported a pretax loss of $39.60M, before the effect of income taxes. The pretax loss equaled 9.6% of revenue, measuring the pre-tax deficit against sales. The reported income-tax provision was $412.00K, the amount recognized between pretax income and the final net-income result. The relationship between net income and period-end equity was 0.6%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 0.3%, showing earnings relative to the full balance sheet. Current net income of $16.90M was below fiscal 2024 net income of $21.65M, showing the direction of the bottom-line change.

Liquidity and Capital Structure

At period end, the $4.84B asset base was financed through $2.21B of liabilities and $2.62B of equity. Cash and equivalents totaled $38.82M, identifying the most liquid reported component available within the broader current-asset balance. Total debt was $1.86B, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.71x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 38.5%, comparing borrowing with the total asset balance. Book equity represented 54.2% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 45.6%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 0.8%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 10.7% from $4.37B in fiscal 2024, leaving current total assets higher year over year. Against $2.50B of equity in fiscal 2024, the current book-equity balance moved 4.7% and ended higher. Compared with $16.81M in fiscal 2024, the current cash balance moved 131.0% and finished higher.

Cash Flow and Earnings Quality

The company reported $166.98M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 9.88x, comparing cash generated by operations with the bottom-line earnings result. Operating cash flow of $166.98M finished above fiscal 2024 operating cash flow of $140.45M, showing the year-over-year direction of cash generation.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.