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Side-by-side financial comparison of ACADIA REALTY TRUST (AKR) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
ACADIA REALTY TRUST is the larger business by last-quarter revenue ($54.7M vs $33.9M, roughly 1.6× Spok Holdings, Inc). ACADIA REALTY TRUST runs the higher net margin — 55.7% vs 8.7%, a 47.1% gap on every dollar of revenue. On growth, ACADIA REALTY TRUST posted the faster year-over-year revenue change (6.4% vs -0.1%). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% 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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
AKR vs SPOK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.7M | $33.9M |
| Net Profit | $30.5M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | 289.7% | 11.6% |
| Net Margin | 55.7% | 8.7% |
| Revenue YoY | 6.4% | -0.1% |
| Net Profit YoY | — | -19.6% |
| EPS (diluted) | — | $0.13 |
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 | — | $33.9M | ||
| Q3 25 | — | $33.9M | ||
| Q2 25 | — | $35.7M | ||
| Q1 25 | — | $36.3M | ||
| Q4 24 | $93.3M | $33.9M | ||
| Q3 24 | $87.7M | $34.9M | ||
| Q2 24 | $87.3M | $34.0M |
| Q1 26 | $30.5M | — | ||
| Q4 25 | — | $2.9M | ||
| Q3 25 | — | $3.2M | ||
| Q2 25 | — | $4.6M | ||
| Q1 25 | — | $5.2M | ||
| Q4 24 | $1.2M | $3.6M | ||
| Q3 24 | $12.3M | $3.7M | ||
| Q2 24 | $1.6M | $3.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% |
| Q1 26 | 289.7% | — | ||
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | 12.9% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | 17.5% | 13.7% | ||
| Q3 24 | 19.9% | 14.2% | ||
| Q2 24 | 20.4% | 13.2% |
| Q1 26 | 55.7% | — | ||
| Q4 25 | — | 8.7% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | 1.2% | 10.8% | ||
| Q3 24 | 14.0% | 10.5% | ||
| Q2 24 | 1.8% | 10.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $0.22 | ||
| Q1 25 | — | $0.25 | ||
| Q4 24 | $0.08 | $0.17 | ||
| Q3 24 | $0.07 | $0.18 | ||
| Q2 24 | $0.01 | $0.17 |
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 | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.0M | $146.4M |
| Total Assets | $4.5M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $31.4K | — | ||
| Q4 25 | — | $25.3M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $20.2M | ||
| Q1 25 | — | $19.9M | ||
| Q4 24 | $16.8M | $29.1M | ||
| Q3 24 | $46.2M | $27.8M | ||
| Q2 24 | $31.9M | $23.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | $6.0M | — | ||
| Q4 25 | — | $146.4M | ||
| Q3 25 | — | $148.7M | ||
| Q2 25 | — | $150.9M | ||
| Q1 25 | — | $151.7M | ||
| Q4 24 | $2.1B | $154.7M | ||
| Q3 24 | $1.9B | $156.3M | ||
| Q2 24 | $1.8B | $158.2M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | — | $206.1M | ||
| Q3 25 | — | $209.7M | ||
| Q2 25 | — | $208.7M | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | $4.4B | $217.1M | ||
| Q3 24 | $4.3B | $216.8M | ||
| Q2 24 | $4.3B | $216.4M |
| 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 | — | $11.5M |
| Free Cash FlowOCF − Capex | — | $10.1M |
| FCF MarginFCF / Revenue | — | 29.9% |
| Capex IntensityCapex / Revenue | 3.2% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $11.5M | ||
| Q3 25 | — | $8.1M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | $140.4M | $8.4M | ||
| Q3 24 | $44.6M | $11.1M | ||
| Q2 24 | $32.0M | $7.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $10.1M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $1.5M | ||
| Q4 24 | — | $7.5M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $6.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 29.9% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 20.0% |
| Q1 26 | 3.2% | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | 121.08× | 2.31× | ||
| Q3 24 | 3.64× | 3.03× | ||
| Q2 24 | 20.25× | 2.17× |
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% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
