Acadia Realty Trust (AKR) FY2018 results: revenue $260 million, up 4.5% on the year
Acadia Realty Trust (AKR) reported revenue of $260 million for fiscal 2018, the year ended 31 December 2018, up 4.5% on the year before. Net income was $31 million, down 48.9%, and diluted earnings per share $0.38. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2019.
Revenue
$260 million
+4.5% on the year
FY2011FY2018
Operating margin
12.6%
26.6% a year earlier
FY2011FY2018
Net income
$31 million
-48.9% on the year
FY2011FY2018
Diluted EPS
$0.38
-47.9% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
260
249
190
+4.5%
Operating income
32.7
66.2
21.9
-50.6%
Operating margin
12.6%
26.6%
11.5%
Pre-tax income
-14.8
65.3
52.5
Income tax
0.9
1.0
-0.1
-7.0%
Effective tax rate
n/a
1.5%
-0.2%
Net income
31.4
61.5
72.8
-48.9%
Net margin
12.1%
24.7%
38.3%
Diluted EPS
$0.38
$0.73
$0.94
-47.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
96.1
115
110
-16.2%
Capital expenditure
94.8
108
149
-12.3%
Free cash flow
1.2
6.5
-39.6
-80.9%
Free cash flow margin
0.5%
2.6%
-20.8%
Cash from investing
-137
4.1
-614
Cash from financing
-10.3
-128
488
Depreciation and amortisation
118
105
70.0
+12.0%
Share-based compensation
12.9
11.2
13.7
+16.1%
Buybacks
55.1
n/a
n/a
Dividends paid
88.9
99.5
91.3
-10.7%
Dividend per share
$1.09
$1.05
$1.16
+3.8%
Diluted shares, weighted
82m
84m
76m
-1.9%
Shares outstanding at period end
82m
84m
84m
-2.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,460
1,567
1,589
-6.9%
Non-controlling interest
622
648
590
-4.0%
Debt
1,551
1,424
1,489
+8.9%
Other liabilities
326
320
329
+1.9%
Total liabilities and equity
3,959
3,960
3,996
-0.0%
Intangible assets
116
128
115
-9.1%
Cash and equivalents
20.1
74.8
71.8
-73.2%
Other assets
3,823
3,758
3,810
+1.7%
Total assets
3,959
3,960
3,996
-0.0%
10-K for the year ended 31 December 2018, filed 19 February 2019: the filing.