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Side-by-side financial comparison of ACADIA REALTY TRUST (AKR) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
ACADIA REALTY TRUST is the larger business by last-quarter revenue ($103.0M vs $73.5M, roughly 1.4× Target Hospitality Corp.). ACADIA REALTY TRUST runs the higher net margin — 135.1% vs -20.3%, a 155.4% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -1.3%). Over the past eight quarters, ACADIA REALTY TRUST's revenue compounded faster (7.0% CAGR vs 0.7%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
AKR vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $103.0M | $73.5M |
| Net Profit | $139.1M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 153.9% | -22.9% |
| Net Margin | 135.1% | -20.3% |
| Revenue YoY | -1.3% | 22.0% |
| Net Profit YoY | -58.2% | -219.1% |
| EPS (diluted) | — | $-0.14 |
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 | — | $73.5M | ||
| Q3 25 | — | $91.6M | ||
| Q2 25 | — | $54.9M | ||
| Q1 25 | — | $54.9M | ||
| Q4 24 | $93.3M | $60.2M | ||
| Q3 24 | $87.7M | $65.8M | ||
| Q2 24 | $87.3M | $67.5M |
| Q1 26 | $139.1M | — | ||
| Q4 25 | — | $-14.9M | ||
| Q3 25 | — | $-795.0K | ||
| Q2 25 | — | $-14.9M | ||
| Q1 25 | — | $-6.5M | ||
| Q4 24 | $1.2M | $12.5M | ||
| Q3 24 | $12.3M | $20.0M | ||
| Q2 24 | $1.6M | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% |
| Q1 26 | 153.9% | — | ||
| Q4 25 | — | -22.9% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | -30.8% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | 17.5% | 34.5% | ||
| Q3 24 | 19.9% | 42.5% | ||
| Q2 24 | 20.4% | 43.8% |
| Q1 26 | 135.1% | — | ||
| Q4 25 | — | -20.3% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | — | -27.2% | ||
| Q1 25 | — | -11.8% | ||
| Q4 24 | 1.2% | 20.8% | ||
| Q3 24 | 14.0% | 30.4% | ||
| Q2 24 | 1.8% | 27.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.14 | ||
| Q3 25 | — | $-0.01 | ||
| Q2 25 | — | $-0.15 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | $0.08 | $0.12 | ||
| Q3 24 | $0.07 | $0.20 | ||
| Q2 24 | $0.01 | $0.18 |
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 | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $2.6B | $389.3M |
| Total Assets | $4.5B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $31.4M | — | ||
| Q4 25 | — | $8.3M | ||
| Q3 25 | — | $30.4M | ||
| Q2 25 | — | $19.2M | ||
| Q1 25 | — | $34.5M | ||
| Q4 24 | $16.8M | $190.7M | ||
| Q3 24 | $46.2M | $177.7M | ||
| Q2 24 | $31.9M | $154.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | $1.5B | $1.5M | ||
| Q3 24 | $1.6B | $994.0K | ||
| Q2 24 | $1.7B | $1.1M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $389.3M | ||
| Q3 25 | — | $402.4M | ||
| Q2 25 | — | $401.3M | ||
| Q1 25 | — | $415.3M | ||
| Q4 24 | $2.1B | $421.1M | ||
| Q3 24 | $1.9B | $417.6M | ||
| Q2 24 | $1.8B | $397.2M |
| Q1 26 | $4.5B | — | ||
| Q4 25 | — | $530.2M | ||
| Q3 25 | — | $541.2M | ||
| Q2 25 | — | $533.7M | ||
| Q1 25 | — | $562.5M | ||
| Q4 24 | $4.4B | $725.8M | ||
| Q3 24 | $4.3B | $709.8M | ||
| Q2 24 | $4.3B | $697.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | 0.74× | 0.00× | ||
| Q3 24 | 0.82× | 0.00× | ||
| Q2 24 | 0.95× | 0.00× |
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 | — | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $5.7M | ||
| Q3 25 | — | $53.4M | ||
| Q2 25 | — | $11.1M | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | $140.4M | $30.6M | ||
| Q3 24 | $44.6M | $31.4M | ||
| Q2 24 | $32.0M | $39.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 1.7% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 121.08× | 2.44× | ||
| Q3 24 | 3.64× | 1.57× | ||
| Q2 24 | 20.25× | 2.13× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
