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Acadia Realty Trust (Acadia Realty Trust) Cyclically Adjusted PB Ratio : 0.85 (As of Apr. 28, 2024)


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What is Acadia Realty Trust Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Acadia Realty Trust's current share 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 for today is 0.85.

The historical rank and industry rank for Acadia Realty Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

AKR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.96   Max: 3.77
Current: 0.85

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

AKR's Cyclically Adjusted PB Ratio is ranked worse than
54.45% of 494 companies
in the REITs industry
Industry Median: 0.775 vs AKR: 0.85

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 adjusted book value per share data 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.

Shiller PE for Stocks: The True Measure of Stock Valuation


Acadia Realty Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Acadia Realty Trust's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Acadia Realty Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.71 0.88 1.22 0.73 0.84

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 PB Ratio 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 0.73 0.70 0.71 0.70 0.84

Competitive Comparison of Acadia Realty Trust's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Acadia Realty Trust's Cyclically Adjusted PB Ratio for 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.

Acadia Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

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.

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.


Acadia Realty Trust  (NYSE:AKR) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Acadia Realty Trust Cyclically Adjusted PB Ratio Related Terms

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


Acadia Realty Trust (Acadia Realty Trust) Business Description

Industry
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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