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American Assets Trust, Inc.（AAT）与Ares Commercial Real Estate Corp（ACRE）财务数据对比。点击上方公司名可切换其他公司
Ares Commercial Real Estate Corp的季度营收约是American Assets Trust, Inc.的1.4倍（$13.2M vs $9.6M）。American Assets Trust, Inc.同比增速更快（-5.5% vs -24.5%）。过去两年American Assets Trust, Inc.的营收复合增速更高（-5.2% vs -15.9%）
该公司是一家大型英国投资信托，在伦敦证券交易所上市，同时是富时250指数的成分股，现任董事长为获颁CBE勋章的伊恩·弗格森。
Ares Commercial Real Estate Corp是隶属于阿瑞斯管理集团的专业金融企业，专注于商业地产领域，提供优先抵押贷款、次级债务、优先股投资等各类定制化融资解决方案，主要服务覆盖美国全境的中型商业地产所有者及运营主体。
AAT vs ACRE — 直观对比
营收规模更大
ACRE
是对方的1.4倍
$9.6M
营收增速更快
AAT
高出19.0%
-24.5%
两年增速更快
AAT
近两年复合增速
-15.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $9.6M | $13.2M |
| 净利润 | — | $-3.9M |
| 毛利率 | — | — |
| 营业利润率 | — | -29.2% |
| 净利率 | — | -29.2% |
| 营收同比 | -5.5% | -24.5% |
| 净利润同比 | — | 63.8% |
| 每股收益（稀释后） | $0.06 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AATACRE
| Q4 25 | $9.6M | $13.2M | ||
| Q3 25 | $10.1M | $14.1M | ||
| Q2 25 | $10.2M | $12.6M | ||
| Q1 25 | $9.9M | $14.9M | ||
| Q4 24 | $10.2M | $17.5M | ||
| Q3 24 | $11.4M | $16.7M | ||
| Q2 24 | $10.6M | $16.8M | ||
| Q1 24 | $10.7M | $18.7M |
净利润AATACRE
| Q4 25 | — | $-3.9M | ||
| Q3 25 | $4.5M | $4.7M | ||
| Q2 25 | $5.5M | $-11.0M | ||
| Q1 25 | $42.5M | $9.3M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | $16.7M | $-5.9M | ||
| Q2 24 | $11.9M | $-6.1M | ||
| Q1 24 | $19.3M | $-12.3M |
营业利润率AATACRE
| Q4 25 | — | -29.2% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | — | -87.8% | ||
| Q1 25 | — | 64.4% | ||
| Q4 24 | — | -61.0% | ||
| Q3 24 | — | -35.3% | ||
| Q2 24 | — | -36.5% | ||
| Q1 24 | — | -65.9% |
净利率AATACRE
| Q4 25 | — | -29.2% | ||
| Q3 25 | 44.6% | 33.0% | ||
| Q2 25 | 53.2% | -87.8% | ||
| Q1 25 | 429.3% | 62.5% | ||
| Q4 24 | — | -60.9% | ||
| Q3 24 | 145.5% | -35.3% | ||
| Q2 24 | 111.9% | -36.5% | ||
| Q1 24 | 179.4% | -65.9% |
每股收益（稀释后）AATACRE
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.09 | — | ||
| Q1 25 | $0.70 | — | ||
| Q4 24 | $0.14 | — | ||
| Q3 24 | $0.28 | — | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | $0.32 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $129.4M | $29.3M |
| 总债务越低越好 | $1.7B | $948.2M |
| 股东权益账面价值 | $1.2B | $509.6M |
| 总资产 | $2.9B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.48× | 1.86× |
8季度趋势，按日历期对齐
现金及短期投资AATACRE
| Q4 25 | $129.4M | $29.3M | ||
| Q3 25 | $138.7M | $84.9M | ||
| Q2 25 | $143.7M | $90.0M | ||
| Q1 25 | $143.9M | $125.5M | ||
| Q4 24 | $425.7M | $63.8M | ||
| Q3 24 | $533.0M | $68.9M | ||
| Q2 24 | $114.9M | $70.6M | ||
| Q1 24 | $98.6M | $99.5M |
总债务AATACRE
| Q4 25 | $1.7B | $948.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.0B | $718.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AATACRE
| Q4 25 | $1.2B | $509.6M | ||
| Q3 25 | $1.2B | $521.0M | ||
| Q2 25 | $1.2B | $523.7M | ||
| Q1 25 | $1.2B | $542.1M | ||
| Q4 24 | $1.2B | $540.1M | ||
| Q3 24 | $1.2B | $563.8M | ||
| Q2 24 | $1.2B | $582.3M | ||
| Q1 24 | $1.2B | $601.1M |
总资产AATACRE
| Q4 25 | $2.9B | $1.6B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $3.0B | $1.4B | ||
| Q1 25 | $3.0B | $1.5B | ||
| Q4 24 | $3.3B | $1.8B | ||
| Q3 24 | $3.4B | $1.9B | ||
| Q2 24 | $3.0B | $2.1B | ||
| Q1 24 | $3.0B | $2.1B |
负债/权益比AATACRE
| Q4 25 | 1.48× | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.72× | 1.33× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $40.6M | $4.6M |
| 自由现金流经营现金流 - 资本支出 | $23.0M | — |
| 自由现金流率自由现金流/营收 | 238.4% | — |
| 资本支出强度资本支出/营收 | 182.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $94.9M | — |
8季度趋势，按日历期对齐
经营现金流AATACRE
| Q4 25 | $40.6M | $4.6M | ||
| Q3 25 | $40.5M | $3.8M | ||
| Q2 25 | $49.2M | $4.9M | ||
| Q1 25 | $36.9M | $8.0M | ||
| Q4 24 | $40.6M | $7.1M | ||
| Q3 24 | $52.4M | $8.4M | ||
| Q2 24 | $59.3M | $8.7M | ||
| Q1 24 | $54.8M | $11.4M |
自由现金流AATACRE
| Q4 25 | $23.0M | — | ||
| Q3 25 | $23.1M | — | ||
| Q2 25 | $28.4M | — | ||
| Q1 25 | $20.4M | — | ||
| Q4 24 | $21.5M | — | ||
| Q3 24 | $28.0M | — | ||
| Q2 24 | $43.6M | — | ||
| Q1 24 | $43.8M | — |
自由现金流率AATACRE
| Q4 25 | 238.4% | — | ||
| Q3 25 | 228.3% | — | ||
| Q2 25 | 276.7% | — | ||
| Q1 25 | 206.1% | — | ||
| Q4 24 | 210.4% | — | ||
| Q3 24 | 244.4% | — | ||
| Q2 24 | 409.9% | — | ||
| Q1 24 | 408.5% | — |
资本支出强度AATACRE
| Q4 25 | 182.1% | — | ||
| Q3 25 | 172.4% | — | ||
| Q2 25 | 203.1% | — | ||
| Q1 25 | 166.0% | — | ||
| Q4 24 | 187.6% | — | ||
| Q3 24 | 213.5% | — | ||
| Q2 24 | 147.4% | — | ||
| Q1 24 | 101.9% | — |
现金转化率AATACRE
| Q4 25 | — | — | ||
| Q3 25 | 8.98× | 0.82× | ||
| Q2 25 | 9.01× | — | ||
| Q1 25 | 0.87× | 0.86× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.15× | — | ||
| Q2 24 | 4.98× | — | ||
| Q1 24 | 2.84× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
