Filing Flows › Acadia Realty Trust (AKR) › Q4 2024
Acadia Realty Trust (AKR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 14, 2025
Acadia Realty Trust (AKR) reported revenue of $93.3M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +6% from the quarter before. Operating margin was 17.5%, net earnings $8.5M (9.1% of revenue).
Acadia Realty Trust, Q4 2024: revenue $93.3M (+9% year over year), operating margin 17.5%, net earnings $8.5M, operating cash flow $37.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $93.3M | +6% | +9% |
| Operating profit | $16.4M | -6% | +54% |
| Net earnings | $8.5M | +1% | — |
| Operating cash flow | $37.9M | -15% | -7% |
| Free cash flow | $20.0M | +2% | -10% |
What changed
Revenue was $93.3M in Q4 2024, up 9% year over year and up 6% from the previous quarter.
Operating profit was $16.4M, a 17.5% margin (up 5.1 points year over year). Of the extra revenue versus a year earlier, 74% reached operating profit, above the 12% margin then. Total costs grew 3% against revenue growth of 9%. Net earnings were $8.5M ($1.2M including minority interests, which bore $7.4M of losses). The effective tax rate was 0.9%.
Operating cash flow was $37.9M (down 7% year over year), 3265% of net income including minority interests. Non-cash charges added back $35.2M of depreciation and amortization and $2.7M of share-based compensation. Capital expenditures of $17.9M left free cash flow of $20.0M.
Questions
What was Acadia Realty Trust's revenue in the fourth quarter 2024?
Acadia Realty Trust (AKR) reported revenue of $93.3M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +6% from the quarter before.
Was Acadia Realty Trust profitable in the fourth quarter 2024?
Operating profit was $16.4M (17.5% of revenue) and net earnings $8.5M.