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Acadia Realty Trust (Acadia Realty Trust) Cyclically Adjusted Book per Share : $20.30 (As of Dec. 2023)


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What is Acadia Realty Trust Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Acadia Realty Trust's adjusted book value per share for the three months ended in Dec. 2023 was $17.165. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $20.30 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Acadia Realty Trust's average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Acadia Realty Trust was 10.30% per year. The lowest was -1.80% per year. And the median was 6.90% per year.

As of today (2024-04-27), Acadia Realty Trust's current stock price is $17.32. Acadia Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $20.30. Acadia Realty Trust's Cyclically Adjusted PB Ratio of today is 0.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Acadia Realty Trust was 3.77. The lowest was 0.59. And the median was 1.96.


Acadia Realty Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for Acadia Realty Trust's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Acadia Realty Trust Cyclically Adjusted Book per Share Chart

Acadia Realty Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.13 16.09 17.91 19.54 20.30

Acadia Realty Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.54 19.91 20.16 20.36 20.30

Competitive Comparison of Acadia Realty Trust's Cyclically Adjusted Book per Share

For the REIT - Retail subindustry, Acadia Realty Trust's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Acadia Realty Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Acadia Realty Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Acadia Realty Trust's Cyclically Adjusted PB Ratio falls into.



Acadia Realty Trust Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Acadia Realty Trust's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=17.165/129.4194*129.4194
=17.165

Current CPI (Dec. 2023) = 129.4194.

Acadia Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.035 99.695 16.922
201406 13.528 100.560 17.410
201409 14.002 100.428 18.044
201412 15.498 99.070 20.246
201503 15.617 99.621 20.288
201506 15.819 100.684 20.334
201509 15.766 100.392 20.325
201512 15.663 99.792 20.313
201603 16.114 100.470 20.757
201606 17.328 101.688 22.054
201609 18.512 101.861 23.520
201612 19.003 101.863 24.144
201703 18.875 102.862 23.748
201706 18.769 103.349 23.504
201709 18.685 104.136 23.222
201712 18.722 104.011 23.295
201803 18.492 105.290 22.730
201806 18.314 106.317 22.294
201809 18.219 106.507 22.138
201812 17.895 105.998 21.849
201903 17.724 107.251 21.388
201906 17.539 108.070 21.004
201909 17.538 108.329 20.952
201912 17.717 108.420 21.149
202003 16.682 108.902 19.825
202006 16.874 108.767 20.078
202009 16.846 109.815 19.853
202012 16.704 109.897 19.671
202103 16.997 111.754 19.684
202106 16.950 114.631 19.137
202109 17.015 115.734 19.027
202112 17.039 117.630 18.747
202203 17.582 121.301 18.759
202206 17.830 125.017 18.458
202209 17.931 125.227 18.531
202212 17.786 125.222 18.382
202303 17.552 127.348 17.838
202306 17.689 128.729 17.784
202309 17.682 129.860 17.622
202312 17.165 129.419 17.165

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Acadia Realty Trust  (NYSE:AKR) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Acadia Realty Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.32/20.3
=0.85

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Acadia Realty Trust was 3.77. The lowest was 0.59. And the median was 1.96.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Acadia Realty Trust Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Acadia Realty Trust's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Acadia Realty Trust (Acadia Realty Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Acadia Realty Trust (NYSE:AKR) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
411 Theodore Fremd Avenue, Suite 300, Rye, NY, USA, 10580
Acadia Realty Trust is a real estate investment trust which specializes in the operation, management, leasing, renovation, and acquisition of shopping centers and mixed-use properties with retail components. The company's portfolios are located primarily in metropolitan areas of the United States. The company operates through three segments: core portfolio, which consists primarily of high-quality retail properties located primarily in high-barrier-to-entry, densely-populated metropolitan areas with a long-term investment horizon and generates the majority of total revenue; funds, which comprises the funds launched by the trust; and structured financing, which consists of notes receivable and related interest income.
Executives
John J. Gottfried officer: Senior Vice President/CFO C/O ACADIA REALTY TRUST, 411 THEODORE FREMD AVE., SUITE 300, RYE NY 10580
Jason Blacksberg officer: Sr. V.P. and General Counsel C/O ACADIA REALTY TRUST, 1311 MAMARONECK AVE. STE. 260, WHITE PLAINS NY 10605
Lee S Wielansky director PAUL HASTINGS, 75 EAST 55TH STREET, NEW YORK NY 10022
Joseph Napolitano officer: Sr. Vice President PAUL HASTINGS, 75 EAST 55TH STREET, NEW YORK NY 10022
Douglas Ii Crocker director C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Kenneth F Bernstein director, officer: President and CEO C/O ACADIA REALTY TRUST, 411 THEODORE FREMD AVENUE, SUITE 300, RYE NY 10580
C David Zoba director C/O GALYAN'S TRADING CO, 2437 EAST MAIN ST, PLAINFIELD IN 46168
Hope B Woodhouse director 1601 UTICA AVENUE, SUITE 900, ST. LOUIS PARK MN 55416
Wendy W Luscombe director 480 TAGHKANIC CHURCH TOWN ROAD, CRARYVILLE NY 12521
Mark A Denien director 600 E 96TH ST, #100, INDIANAPOLIS IN 46240
Christopher Conlon officer: Executive Vice President C/O ACADIA REALTY TRUST, 1311 MAMARONECK AVE., SUITE 260, WHITE PLAINS NY 10605
Lorrence T Kellar director C/O LOEHMANNS INC, 2500 HALSEY STREET, BRONX NY 10461
Mcintyre Kenneth A Jr director C/O HUDSON CITY BANCORP, INC., WEST 80 CENTURY ROAD, PARAMUS NJ 07652
Richard Hartmann officer: Senior Vice President C/O ACADIA REALTY TRUST, 1311 MAMARONECK AVE., SUITE 260, WHITE PLAINS NY 10605
Lynn C Thurber director JONES LANG LASALLE INCORPORTED, 200 E RANDOLPH DR, CHICAGO IL 60601

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