Acadia Realty Trust (AKR) vs NETSTREIT Corp. (NTST)

Acadia Realty Trust and NETSTREIT Corp. are both Reit Retail companies. Acadia Realty Trust is the larger, with a market value of $2.7B against $1.9B — 1.4× the size. Acadia Realty Trust trades at the lower P/E: 56.6× against 127×. NETSTREIT Corp. grew revenue faster over the last twelve months: 21.9% against 4.69%. Acadia Realty Trust has the higher net margin (13.6% vs 6.35%) and the higher return on invested capital (3.14% vs 1.39%). Both pay a dividend; NETSTREIT Corp. yields more (4.55% vs 4.16%). Across the 22 metrics below, Acadia Realty Trust leads on 14 and NETSTREIT Corp. on 8.

Valuation

Metric AKR NTST Reit Retail median
P/E 56.65 127.43 24.82
P/S 6.37 8.09 6.69
P/B 0.96 1.12 1.75
Price to free cash flow 4.58 n/m 13.29
EV/EBITDA 11.04 18.88 15.42
EV/Sales 10.30 14.35 10.60
Earnings yield 1.77% 0.78% 3.91%
Free cash flow yield 21.83% (37.64%) 2.98%

Profitability

Metric AKR NTST Reit Retail median
Gross margin 69.81% 90.40% 71.78%
Operating margin 53.08% 29.97% 34.62%
Net margin 13.57% 6.35% 27.14%
Free cash flow margin 139.02% (304.51%) 18.82%
Return on equity 2.04% 0.96% 7.05%
Return on assets 1.16% 0.52% 3.40%
Return on invested capital 3.14% 1.39% 3.18%

Growth

Metric AKR NTST Reit Retail median
Revenue growth (TTM) 4.69% 21.93% 8.49%
EPS growth (last fiscal year) (47.37%) 150.00% —
Revenue growth, 5-year CAGR 10.36% 42.04% 8.62%
Net income growth, 5-year CAGR 0.00% 58.59% 1.85%

Health

Metric AKR NTST Reit Retail median
Debt to equity 0.61 0.88 0.94
Current ratio 1.13 3.55 1.62
Net debt to EBITDA 8.39 7.56 5.40

Dividend

Metric AKR NTST Reit Retail median
Dividend yield 4.16% 4.55% 4.57%
Payout ratio 1.94 8.89 1.21

Size

Metric AKR NTST Reit Retail median
Market cap 2.68b 1.88b 3.65b

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