The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -2.73 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Acadia Realty Trust's Beneish M-Score or its related term are showing as below:
AKR'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.88 Med: -2.55 Max: -1.74
Current: -2.73
During the past 13 years, the highest Beneish M-Score of Acadia Realty Trust was -1.74. The lowest was -2.88. And the median was -2.55.
Acadia Realty Trust Beneish M-Score Related Terms
Acadia Realty Trust Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Acadia Realty Trust's Beneish M-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Retail subindustry, Acadia Realty Trust's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Acadia Realty Trust Beneish M-Score vs REITs Industry
For the REITs industry and Real Estate sector, Acadia Realty Trust's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Acadia Realty Trust's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Acadia Realty Trust for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 0.9185
+
0.528 * 0.9996
+
0.404 * 0.9959
+
0.892 * 1.0983
+
0.115 * 0.9637
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0605
+
4.679 * -0.050907
-
0.327 * 1.0222
=
-2.73
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(143.41 / (143.41 + 26.655))
/
(158.172 / (158.172 + 22.596))
=
0.843266
/
0.875
=
0.9637
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(45.765 - 104.062
-
172.448)
/
4532.655
=
-0.050907
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Acadia Realty Trust has a M-score of -2.73 suggests that the company is unlikely to be a manipulator.
Acadia Realty Trust (AKR) has a Beneish M-Score of -2.73 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Acadia Realty Trust and its competitors. According to the industry distribution chart, Acadia Realty Trust ranks #189 out of 765 companies in the REITs industry, placing it in the top 24.7%.
Is Acadia Realty Trust's Beneish M-Score too high?
Acadia Realty Trust's current Beneish M-Score is -2.73. Based on the distribution chart, Acadia Realty Trust ranks #189 out of 765 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Acadia Realty Trust has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Acadia Realty Trust's Beneish M-Score compare to UE and CURB?
According to the REITs industry distribution chart, Acadia Realty Trust ranks #189 out of 765 companies for Beneish M-Score. This places Acadia Realty Trust in the top 25% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a REITs company?
A good Beneish M-Score depends on the REITs industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Acadia Realty Trust and its competitors. Acadia Realty Trust's current Beneish M-Score is -2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Acadia Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Acadia Realty Trust (AKR) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.45, compared to a current price of $21.67 — trading 24.2% above its estimated fair value. The current Beneish M-Score is -2.73. Acadia Realty Trust's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Acadia Realty Trust (AKR), the current Beneish M-Score is -2.73 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Acadia Realty Trust (AKR) Overvalued in 2026?
Based on GuruFocus' analysis, Acadia Realty Trust stock appears to be overvalued.
The current stock price of $21.67 is trading 24.2% above its estimated GF Value™ of $17.45.
GuruFocus considers Acadia Realty Trust to be Modestly Overvalued.
Key valuation signals for AKR:
Beneish M-Score: -2.73
GF Value™: $17.45 vs. price of $21.67 (24.2% above fair value)
No single metric tells the full story. See the AKR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Acadia Realty Trust is a real estate investment trust that specializes in the operation, management, leasing, renovation, and acquisition of shopping centers and mixed-use properties with retail components. The company operates through three segments: REIT Portfolio segment consists of high-quality retail properties located in high-barrier-to-entry, densely-populated metropolitan areas with a long-term investment horizon; Investment Management segment holds the retail real estate in which the company co-invests with high-quality institutional investors; and Structured Financing segment consists of earnings and expenses related to notes and mortgages receivable Fees earned by the company as the general partner or managing member through Investment Management.
65GF Score
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