Acadia Realty Trust (AKR) FY2023 results: revenue $339 million, up 3.8% on the year
Acadia Realty Trust (AKR) reported revenue of $339 million for fiscal 2023, the year ended 31 December 2023, up 3.8% on the year before. Net income was $20 million, and diluted earnings per share $0.20. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$339 million
+3.8% on the year
FY2016FY2023
Operating margin
14.5%
20.9% a year earlier
FY2016FY2023
Net income
$20 million
FY2016FY2023
Diluted EPS
$0.20
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
156
133
105
+16.9%
Capital expenditure
69.5
51.0
40.7
+36.2%
Free cash flow
86.2
82.2
64.3
+4.9%
Free cash flow margin
25.5%
25.2%
22.0%
Cash from investing
-209
-124
-199
Cash from financing
45.9
-4.4
91.3
Depreciation and amortisation
136
136
123
+0.0%
Share-based compensation
12.8
11.1
12.4
+14.7%
Dividends paid
68.6
64.6
39.5
+6.2%
Dividend per share
$0.72
$0.72
$0.60
0.0%
Diluted shares, weighted
95m
95m
88m
+0.7%
Shares outstanding at period end
95m
95m
89m
+0.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,637
1,692
1,522
-3.2%
Non-controlling interest
446
489
628
-8.8%
Redeemable equity
50.3
67.7
0.0
-25.6%
Debt
1,870
1,793
1,812
+4.3%
Other liabilities
287
261
300
+10.3%
Total liabilities and equity
4,291
4,303
4,262
-0.3%
Intangible assets
101
102
109
-1.7%
Cash and equivalents
17.5
17.2
17.7
+1.9%
Other assets
4,173
4,183
4,135
-0.2%
Total assets
4,291
4,303
4,262
-0.3%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.