Discounted Cash Flow

Acadia Realty Trust REIT

AKR · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $189.9m $72.8m $111.8m 38.3% $0.94
2017 $250.3m (31.8%) $61.5m (-15.5%) $119.8m (7.2%) 24.6% (-35.9%)
2018 $262.2m (4.8%) $31.4m (-48.9%) $96.1m (-19.8%) 12.0% (-51.2%)
2019 $295.3m (12.6%) $53.0m (68.7%) $127.2m (32.4%) 18.0% (49.8%)
2020 $255.5m (-13.5%) $-8.8m (-116.5%) $-8.8m (-106.9%) -3.4% (-119.1%)
2021 $292.5m (14.5%) $23.5m (368.8%) $105.0m (1298.6%) 8.1% (334.8%)
2022 $326.3m (11.6%) $-35.4m (-250.5%) $133.2m (26.9%) -10.9% (-234.9%) $-0.38
2023 $338.7m (3.8%) $19.9m (156.1%) $155.8m (16.9%) 5.9% (154.0%) $0.20 (152.6%)
2024 $359.7m (6.2%) $21.6m (8.9%) $140.4m (-9.8%) 6.0% (2.6%) $0.19 (-5.0%)
2025 $410.8m (14.2%) $16.9m (-22.0%) $167.0m (18.9%) 4.1% (-31.7%) $0.10 (-47.4%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model