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Side-by-side financial comparison of ACADIA REALTY TRUST (AKR) and MFA FINANCIAL, INC. (MFA). Click either name above to swap in a different company.
MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $54.7M, roughly 1.0× ACADIA REALTY TRUST). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs 6.4%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% CAGR vs -22.0%).
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.
MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.
AKR vs MFA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.7M | $55.5M |
| Net Profit | $30.5M | — |
| Gross Margin | — | — |
| Operating Margin | 289.7% | 97.9% |
| Net Margin | 55.7% | — |
| Revenue YoY | 6.4% | 9.2% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $0.43 |
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 | $54.7M | — | ||
| Q4 25 | — | $55.5M | ||
| Q3 25 | — | $56.8M | ||
| Q2 25 | — | $61.3M | ||
| Q1 25 | — | $57.5M | ||
| Q4 24 | $93.3M | $50.8M | ||
| Q3 24 | $87.7M | $50.6M | ||
| Q2 24 | $87.3M | $53.5M |
| Q1 26 | $30.5M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $48.1M | ||
| Q2 25 | — | $33.2M | ||
| Q1 25 | — | $41.2M | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $12.3M | $48.2M | ||
| Q2 24 | $1.6M | $41.9M |
| Q1 26 | 289.7% | — | ||
| Q4 25 | — | 97.9% | ||
| Q3 25 | — | 84.5% | ||
| Q2 25 | — | 54.5% | ||
| Q1 25 | — | 70.0% | ||
| Q4 24 | 17.5% | 6.8% | ||
| Q3 24 | 19.9% | 98.2% | ||
| Q2 24 | 20.4% | 79.1% |
| Q1 26 | 55.7% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 84.7% | ||
| Q2 25 | — | 54.2% | ||
| Q1 25 | — | 71.6% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 14.0% | 95.2% | ||
| Q2 24 | 1.8% | 78.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.43 | ||
| Q3 25 | — | $0.35 | ||
| Q2 25 | — | $0.21 | ||
| Q1 25 | — | $0.31 | ||
| Q4 24 | $0.08 | $-0.01 | ||
| Q3 24 | $0.07 | $0.37 | ||
| Q2 24 | $0.01 | $0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.4K | $213.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.0M | $1.8B |
| Total Assets | $4.5M | $13.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $31.4K | — | ||
| Q4 25 | — | $213.2M | ||
| Q3 25 | — | $305.2M | ||
| Q2 25 | — | $275.7M | ||
| Q1 25 | — | $253.7M | ||
| Q4 24 | $16.8M | $338.9M | ||
| Q3 24 | $46.2M | $305.6M | ||
| Q2 24 | $31.9M | $289.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | $6.0M | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $1.9B | $1.9B | ||
| Q2 24 | $1.8B | $1.9B |
| Q1 26 | $4.5M | — | ||
| Q4 25 | — | $13.0B | ||
| Q3 25 | — | $12.1B | ||
| Q2 25 | — | $11.7B | ||
| Q1 25 | — | $11.5B | ||
| Q4 24 | $4.4B | $11.4B | ||
| Q3 24 | $4.3B | $11.2B | ||
| Q2 24 | $4.3B | $11.1B |
| 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 | — | $76.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $76.2M | ||
| Q3 25 | — | $14.7M | ||
| Q2 25 | — | $38.5M | ||
| Q1 25 | — | $-14.6M | ||
| Q4 24 | $140.4M | $200.1M | ||
| Q3 24 | $44.6M | $-11.3M | ||
| Q2 24 | $32.0M | $46.5M |
| Q1 26 | 3.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | -0.35× | ||
| Q4 24 | 121.08× | — | ||
| Q3 24 | 3.64× | -0.23× | ||
| Q2 24 | 20.25× | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AKR
| Minimum rents | $42.4M | 77% |
| Other | $12.3M | 23% |
MFA
Segment breakdown not available.
