Acadia Realty Trust (AKR) FY2019 results: revenue $290 million, up 11.5% on the year
Acadia Realty Trust (AKR) reported revenue of $290 million for fiscal 2019, the year ended 31 December 2019, up 11.5% on the year before. Net income was $54 million, up 70.9%, and diluted earnings per share $0.63. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$290 million
+11.5% on the year
FY2012FY2019
Operating margin
25.2%
12.6% a year earlier
FY2012FY2019
Net income
$54 million
+70.9% on the year
FY2012FY2019
Diluted EPS
$0.63
+65.8% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
290
260
249
+11.5%
Operating income
73.1
32.7
66.2
+123.6%
Operating margin
25.2%
12.6%
26.6%
Pre-tax income
24.7
-14.8
65.3
Income tax
1.5
0.9
1.0
+56.9%
Effective tax rate
5.9%
n/a
1.5%
Net income
53.7
31.4
61.5
+70.9%
Net margin
18.5%
12.1%
24.7%
Diluted EPS
$0.63
$0.38
$0.73
+65.8%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
131
96.1
115
+36.7%
Capital expenditure
89.3
94.8
108
-5.9%
Free cash flow
42.1
1.2
6.5
+3,290.7%
Free cash flow margin
14.5%
0.5%
2.6%
Cash from investing
-411
-137
4.1
Cash from financing
274
-10.3
-128
Depreciation and amortisation
123
118
105
+4.3%
Share-based compensation
10.0
12.9
11.2
-22.7%
Buybacks
n/a
55.1
n/a
Dividends paid
93.9
88.9
99.5
+5.6%
Dividend per share
$1.13
$1.09
$1.05
+3.7%
Diluted shares, weighted
84m
82m
84m
+2.9%
Shares outstanding at period end
87m
82m
84m
+6.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,542
1,460
1,567
+5.7%
Non-controlling interest
645
622
648
+3.6%
Debt
1,708
1,551
1,424
+10.2%
Other liabilities
357
326
320
+9.3%
Total liabilities and equity
4,252
3,959
3,960
+7.4%
Intangible assets
117
116
128
+0.8%
Cash and equivalents
14.1
20.1
74.8
-29.5%
Other assets
4,121
3,823
3,758
+7.8%
Total assets
4,252
3,959
3,960
+7.4%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.