Acadia Realty Trust (AKR) vs Tanger Inc. (SKT)

Acadia Realty Trust and Tanger Inc. are both Reit Retail companies. Tanger Inc. is the larger, with a market value of $4.0B against $2.7B — 1.5× the size. Tanger Inc. trades at the lower P/E: 31.3× against 56.6×. Tanger Inc. grew revenue faster over the last twelve months: 11.4% against 4.69%. Tanger Inc. has the higher net margin (20.7% vs 13.6%) and the higher return on invested capital (4.95% vs 3.14%). Both pay a dividend; Acadia Realty Trust yields more (4.16% vs 3.66%). Across the 22 metrics below, Acadia Realty Trust leads on 11 and Tanger Inc. on 11.

Valuation

Metric AKR SKT Reit Retail median
P/E 56.65 31.29 24.82
P/S 6.37 6.49 6.69
P/B 0.96 5.67 1.75
Price to free cash flow 4.58 34.62 13.29
EV/EBITDA 11.04 16.26 15.42
EV/Sales 10.30 9.16 10.60
Earnings yield 1.77% 3.20% 3.91%
Free cash flow yield 21.83% 2.89% 2.98%

Profitability

Metric AKR SKT Reit Retail median
Gross margin 69.81% 69.54% 71.78%
Operating margin 53.08% 30.20% 34.62%
Net margin 13.57% 20.74% 27.14%
Free cash flow margin 139.02% 18.75% 18.82%
Return on equity 2.04% 18.64% 7.05%
Return on assets 1.16% 4.78% 3.40%
Return on invested capital 3.14% 4.95% 3.18%

Growth

Metric AKR SKT Reit Retail median
Revenue growth (TTM) 4.69% 11.37% 8.49%
EPS growth (last fiscal year) (47.37%) 12.50% —
Revenue growth, 5-year CAGR 10.36% 8.32% 8.62%
Net income growth, 5-year CAGR 0.00% 0.00% 1.85%

Health

Metric AKR SKT Reit Retail median
Debt to equity 0.61 2.65 0.94
Current ratio 1.13 2.12 1.62
Net debt to EBITDA 8.39 4.74 5.40

Dividend

Metric AKR SKT Reit Retail median
Dividend yield 4.16% 3.66% 4.57%
Payout ratio 1.94 1.05 1.21

Size

Metric AKR SKT Reit Retail median
Market cap 2.68b 4.02b 3.65b

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