Q3 2026 Revenue down 6% year over year to $95.0M · 6¢ of every $1 of revenue lost · operating margin 10.8%
Acadia Realty Trust made $95.0M in Q3 2026 (-6% Y/Y). Operating margin 10.8%, net loss $5.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Revenue$95.0M
Year over year-6%
Operating margin10.8%
Net earnings−$5.6M
Operating cash flow$42.9M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $95.0M in Q3 2026, down 6% year over year and roughly flat from the previous quarter.
Operating profit was $10.2M, a 10.8% margin (down 1.8 points year over year). Total costs fell 4% while revenue fell 6%. The quarter ended with a net loss of $5.6M, after a profit of $22.8M the previous quarter. Minority interests bore $2.0M of it: to shareholders the quarter was a loss of $3.6M. Net interest and other expense of $15.8M was the main reason.
Operating cash flow was $42.9M (up 25% year over year). Non-cash charges added back $35.6M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $9.6M. Capital expenditures of $22.9M left free cash flow of $19.9M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Nov 2, 2026
$95.0M
-6%
10.8%
−$5.6M
$42.9M
Q2 2026
10-Q
Jul 29, 2026
$95.4M
-5%
23.8%
$11.0M
$58.3M
Q1 2026
10-Q
Apr 29, 2026
$103M
-1%
153.9%
$30.5M
$31.4M
Q2 2025
10-Q
Jul 30, 2025
$101M
+15%
0.8%
−$20.9M
$64.8M
Q1 2025
10-Q
Apr 30, 2025
$104M
+14%
14.7%
−$11.7M
$25.9M
Q4 2024
10-K
Feb 14, 2025
$93.3M
+9%
17.5%
$8.5M
$37.9M
Charts
Latest (Q3 2026): Y/Y -6%, Q/Q 0%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income −$5.6M, Operating cash flow $42.9M.+48.8% since FY2020: more shares outstanding (issuance, stock pay).Cash $38.8M, short-term investments —, long-term debt $1.9B at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth. Acadia owns and operates a high-quality real estate portfolio of street and open-air retail properties in the nation's most dynamic retail corridors (“REIT Portfolio”), along with an investment management platform that targets opportunistic and value-add investments through its institutional co-investment vehicles (“Investment Management”). For further information, please visit www.acadiarealty.com .
In its own words, from its 8-K, filed Jul 28, 2026.
Acadia Realty Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -6% against the peers' median +11%. Operating margin: 10.8% against the peers' median 15.9%.