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Side-by-side financial comparison of ACADIA REALTY TRUST (AKR) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
ACADIA REALTY TRUST is the larger business by last-quarter revenue ($103.0M vs $101.1M, roughly 1.0× FORRESTER RESEARCH, INC.). ACADIA REALTY TRUST runs the higher net margin — 135.1% vs -33.5%, a 168.6% gap on every dollar of revenue. On growth, ACADIA REALTY TRUST posted the faster year-over-year revenue change (-1.3% vs -6.5%). Over the past eight quarters, ACADIA REALTY TRUST's revenue compounded faster (7.0% CAGR vs 0.5%).
Acadia Realty Trust is a publicly traded real estate investment trust (REIT) that specializes in owning, operating, and redeveloping high-quality retail and mixed-use properties, primarily in dense, high-barrier-to-entry U.S. markets. Its portfolio includes neighborhood shopping centers, urban street retail assets, and community-focused mixed-use developments.
Forrester Research, Inc. is a research and advisory firm working in research, consulting and events. Forrester’s clients include large global business, technology and consumer enterprises. The firm is headquartered in Cambridge, MA.
AKR vs FORR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $103.0M | $101.1M |
| Net Profit | $139.1M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | 153.9% | -36.6% |
| Net Margin | 135.1% | -33.5% |
| Revenue YoY | -1.3% | -6.5% |
| Net Profit YoY | -58.2% | -7941.4% |
| EPS (diluted) | — | $-1.75 |
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.
| Q1 26 | $103.0M | — | ||
| Q4 25 | — | $101.1M | ||
| Q3 25 | — | $94.3M | ||
| Q2 25 | — | $111.7M | ||
| Q1 25 | — | $89.9M | ||
| Q4 24 | $93.3M | $108.0M | ||
| Q3 24 | $87.7M | $102.5M | ||
| Q2 24 | $87.3M | $121.8M |
| Q1 26 | $139.1M | — | ||
| Q4 25 | — | $-33.9M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $3.9M | ||
| Q1 25 | — | $-87.3M | ||
| Q4 24 | $1.2M | $432.0K | ||
| Q3 24 | $12.3M | $-5.8M | ||
| Q2 24 | $1.6M | $6.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 56.7% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 55.5% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 58.8% | ||
| Q3 24 | — | 60.5% | ||
| Q2 24 | — | 57.3% |
| Q1 26 | 153.9% | — | ||
| Q4 25 | — | -36.6% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | -97.5% | ||
| Q4 24 | 17.5% | -0.5% | ||
| Q3 24 | 19.9% | -0.7% | ||
| Q2 24 | 20.4% | 9.3% |
| Q1 26 | 135.1% | — | ||
| Q4 25 | — | -33.5% | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | -97.1% | ||
| Q4 24 | 1.2% | 0.4% | ||
| Q3 24 | 14.0% | -5.7% | ||
| Q2 24 | 1.8% | 5.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-1.75 | ||
| Q3 25 | — | $-0.11 | ||
| Q2 25 | — | $0.20 | ||
| Q1 25 | — | $-4.62 | ||
| Q4 24 | $0.08 | $0.02 | ||
| Q3 24 | $0.07 | $-0.30 | ||
| Q2 24 | $0.01 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.4M | $63.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $126.5M |
| Total Assets | $4.5B | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $31.4M | — | ||
| Q4 25 | — | $63.3M | ||
| Q3 25 | — | $65.1M | ||
| Q2 25 | — | $67.8M | ||
| Q1 25 | — | $75.6M | ||
| Q4 24 | $16.8M | $56.1M | ||
| Q3 24 | $46.2M | $62.8M | ||
| Q2 24 | $31.9M | $58.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $126.5M | ||
| Q3 25 | — | $157.7M | ||
| Q2 25 | — | $159.5M | ||
| Q1 25 | — | $147.4M | ||
| Q4 24 | $2.1B | $229.5M | ||
| Q3 24 | $1.9B | $234.3M | ||
| Q2 24 | $1.8B | $237.1M |
| Q1 26 | $4.5B | — | ||
| Q4 25 | — | $404.0M | ||
| Q3 25 | — | $414.2M | ||
| Q2 25 | — | $436.0M | ||
| Q1 25 | — | $439.8M | ||
| Q4 24 | $4.4B | $503.9M | ||
| Q3 24 | $4.3B | $505.3M | ||
| Q2 24 | $4.3B | $524.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.82× | — | ||
| Q2 24 | 0.95× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-3.2M |
| Free Cash FlowOCF − Capex | — | $-4.3M |
| FCF MarginFCF / Revenue | — | -4.2% |
| Capex IntensityCapex / Revenue | 1.7% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-3.2M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $-3.6M | ||
| Q1 25 | — | $26.7M | ||
| Q4 24 | $140.4M | $-1.8M | ||
| Q3 24 | $44.6M | $264.0K | ||
| Q2 24 | $32.0M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-4.3M | ||
| Q3 25 | — | $524.0K | ||
| Q2 25 | — | $-4.2M | ||
| Q1 25 | — | $26.1M | ||
| Q4 24 | — | $-2.5M | ||
| Q3 24 | — | $-223.0K | ||
| Q2 24 | — | $-3.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | -4.2% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | -3.8% | ||
| Q1 25 | — | 29.0% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | — | -3.1% |
| Q1 26 | 1.7% | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | 121.08× | -4.24× | ||
| Q3 24 | 3.64× | — | ||
| Q2 24 | 20.25× | -0.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AKR
| Rental | $98.6M | 96% |
| Other | $4.4M | 4% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
