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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.

Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $172.2M, roughly 2.0× Acadian Asset Management Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 20.2%, a 18.5% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 6.5%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

AAMI vs FRT — Head-to-Head

Bigger by revenue
FRT
FRT
2.0× larger
FRT
$336.0M
$172.2M
AAMI
Growing faster (revenue YoY)
FRT
FRT
+6.1% gap
FRT
8.7%
2.6%
AAMI
Higher net margin
FRT
FRT
18.5% more per $
FRT
38.6%
20.2%
AAMI
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
6.5%
FRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AAMI
AAMI
FRT
FRT
Revenue
$172.2M
$336.0M
Net Profit
$34.7M
$129.7M
Gross Margin
Operating Margin
33.3%
53.8%
Net Margin
20.2%
38.6%
Revenue YoY
2.6%
8.7%
Net Profit YoY
-18.4%
103.5%
EPS (diluted)
$0.97
$1.49

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
FRT
FRT
Q1 26
$336.0M
Q4 25
$172.2M
$336.0M
Q3 25
$144.2M
$322.3M
Q2 25
$127.4M
$311.5M
Q1 25
$119.9M
$309.2M
Q4 24
$167.8M
$311.4M
Q3 24
$123.1M
$303.6M
Q2 24
$109.0M
$296.1M
Net Profit
AAMI
AAMI
FRT
FRT
Q1 26
$129.7M
Q4 25
$34.7M
$129.7M
Q3 25
$15.1M
$61.6M
Q2 25
$10.1M
$155.9M
Q1 25
$20.1M
$63.8M
Q4 24
$42.5M
$65.5M
Q3 24
$16.9M
$61.0M
Q2 24
$11.0M
$112.0M
Operating Margin
AAMI
AAMI
FRT
FRT
Q1 26
53.8%
Q4 25
33.3%
53.8%
Q3 25
18.4%
34.3%
Q2 25
12.7%
65.1%
Q1 25
26.6%
35.0%
Q4 24
38.7%
35.1%
Q3 24
21.9%
34.9%
Q2 24
18.9%
53.0%
Net Margin
AAMI
AAMI
FRT
FRT
Q1 26
38.6%
Q4 25
20.2%
38.6%
Q3 25
10.5%
19.1%
Q2 25
7.9%
50.0%
Q1 25
16.8%
20.6%
Q4 24
25.3%
21.0%
Q3 24
13.7%
20.1%
Q2 24
10.1%
37.8%
EPS (diluted)
AAMI
AAMI
FRT
FRT
Q1 26
$1.49
Q4 25
$0.97
$1.49
Q3 25
$0.42
$0.69
Q2 25
$0.28
$1.78
Q1 25
$0.54
$0.72
Q4 24
$1.11
$0.74
Q3 24
$0.45
$0.70
Q2 24
$0.29
$1.32

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
FRT
FRT
Cash + ST InvestmentsLiquidity on hand
$107.4M
Total DebtLower is stronger
$200.0M
$5.0B
Stockholders' EquityBook value
$3.2B
Total Assets
$677.0M
$9.1B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
FRT
FRT
Q1 26
$107.4M
Q4 25
$107.4M
Q3 25
$111.3M
Q2 25
$177.0M
Q1 25
$109.2M
Q4 24
$123.4M
Q3 24
$97.0M
Q2 24
$103.2M
Total Debt
AAMI
AAMI
FRT
FRT
Q1 26
$5.0B
Q4 25
$200.0M
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$275.0M
$4.5B
Q3 24
Q2 24
Stockholders' Equity
AAMI
AAMI
FRT
FRT
Q1 26
$3.2B
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$3.2B
Q1 25
$3.2B
Q4 24
$3.2B
Q3 24
$3.1B
Q2 24
$3.0B
Total Assets
AAMI
AAMI
FRT
FRT
Q1 26
$9.1B
Q4 25
$677.0M
$9.1B
Q3 25
$751.4M
$8.9B
Q2 25
$672.3M
$8.6B
Q1 25
$677.3M
$8.6B
Q4 24
$703.2M
$8.5B
Q3 24
$555.2M
$8.5B
Q2 24
$533.1M
$8.4B
Debt / Equity
AAMI
AAMI
FRT
FRT
Q1 26
1.53×
Q4 25
1.53×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
FRT
FRT
Operating Cash FlowLast quarter
$-2.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
FRT
FRT
Q1 26
Q4 25
$-2.4M
$622.4M
Q3 25
$-23.9M
$147.8M
Q2 25
$61.6M
$150.7M
Q1 25
$-48.8M
$179.0M
Q4 24
$55.8M
$574.6M
Q3 24
$69.6M
$144.1M
Q2 24
$45.7M
$169.7M
Cash Conversion
AAMI
AAMI
FRT
FRT
Q1 26
Q4 25
-0.07×
4.80×
Q3 25
-1.58×
2.40×
Q2 25
6.10×
0.97×
Q1 25
-2.43×
2.81×
Q4 24
1.31×
8.77×
Q3 24
4.12×
2.36×
Q2 24
4.15×
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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