vs
ARBOR REALTY TRUST INC（ABR）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
ARBOR REALTY TRUST INC的季度营收约是Ares Commercial Real Estate Corp的4.2倍（$55.7M vs $13.2M）。Ares Commercial Real Estate Corp同比增速更快（-24.5% vs -32.7%）。过去两年Ares Commercial Real Estate Corp的营收复合增速更高（-15.9% vs -26.7%）
Arbor Realty Trust Inc.是总部位于美国的专业房地产投资信托（REIT）企业，主要为多户住宅及商业地产项目提供结构性融资服务，涵盖过渡贷款、机构贷款、夹层融资等品类，服务覆盖美国各地的地产持有者、开发商及房产投资群体。
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。
ABR vs ACRE — 直观对比
营收规模更大
ABR
是对方的4.2倍
$13.2M
营收增速更快
ACRE
高出8.2%
-32.7%
两年增速更快
ACRE
近两年复合增速
-26.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $55.7M | $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 | -32.7% | -24.5% |
| 净利润同比 | — | 63.8% |
| 每股收益（稀释后） | $0.08 | — |
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ABRACRE
| Q4 25 | $55.7M | $13.2M | ||
| Q3 25 | $38.3M | $14.1M | ||
| Q2 25 | $68.7M | $12.6M | ||
| Q1 25 | $75.4M | $14.9M | ||
| Q4 24 | $82.9M | $17.5M | ||
| Q3 24 | $88.8M | $16.7M | ||
| Q2 24 | $88.0M | $16.8M | ||
| Q1 24 | $103.6M | $18.7M |
净利润ABRACRE
| Q4 25 | — | $-3.9M | ||
| Q3 25 | $52.0M | $4.7M | ||
| Q2 25 | $36.3M | $-11.0M | ||
| Q1 25 | $43.4M | $9.3M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | $73.5M | $-5.9M | ||
| Q2 24 | $61.8M | $-6.1M | ||
| Q1 24 | $73.2M | $-12.3M |
营业利润率ABRACRE
| 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 | 72.8% | -65.9% |
净利率ABRACRE
| Q4 25 | — | -29.2% | ||
| Q3 25 | 135.9% | 33.0% | ||
| Q2 25 | 52.8% | -87.8% | ||
| Q1 25 | 57.5% | 62.5% | ||
| Q4 24 | — | -60.9% | ||
| Q3 24 | 82.8% | -35.3% | ||
| Q2 24 | 70.3% | -36.5% | ||
| Q1 24 | 70.7% | -65.9% |
每股收益（稀释后）ABRACRE
| Q4 25 | $0.08 | — | ||
| Q3 25 | $0.20 | — | ||
| Q2 25 | $0.12 | — | ||
| Q1 25 | $0.16 | — | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $0.31 | — | ||
| Q2 24 | $0.25 | — | ||
| Q1 24 | $0.31 | — |
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 | $482.9M | $29.3M |
| 总债务越低越好 | $11.1B | $948.2M |
| 股东权益账面价值 | $3.0B | $509.6M |
| 总资产 | $14.5B | $1.6B |
| 负债/权益比越低杠杆越低 | 3.75× | 1.86× |
8季度趋势，按日历期对齐
现金及短期投资ABRACRE
| Q4 25 | $482.9M | $29.3M | ||
| Q3 25 | $423.4M | $84.9M | ||
| Q2 25 | $255.7M | $90.0M | ||
| Q1 25 | $308.8M | $125.5M | ||
| Q4 24 | $503.8M | $63.8M | ||
| Q3 24 | $687.5M | $68.9M | ||
| Q2 24 | $737.5M | $70.6M | ||
| Q1 24 | $908.0M | $99.5M |
总债务ABRACRE
| Q4 25 | $11.1B | $948.2M | ||
| Q3 25 | $10.4B | — | ||
| Q2 25 | $10.1B | — | ||
| Q1 25 | $9.9B | — | ||
| Q4 24 | $10.0B | $718.5M | ||
| Q3 24 | $10.3B | — | ||
| Q2 24 | $10.6B | — | ||
| Q1 24 | $11.4B | — |
股东权益ABRACRE
| Q4 25 | $3.0B | $509.6M | ||
| Q3 25 | $3.0B | $521.0M | ||
| Q2 25 | $3.0B | $523.7M | ||
| Q1 25 | $3.0B | $542.1M | ||
| Q4 24 | $3.0B | $540.1M | ||
| Q3 24 | $3.0B | $563.8M | ||
| Q2 24 | $3.1B | $582.3M | ||
| Q1 24 | $3.1B | $601.1M |
总资产ABRACRE
| Q4 25 | $14.5B | $1.6B | ||
| Q3 25 | $13.9B | $1.4B | ||
| Q2 25 | $13.6B | $1.4B | ||
| Q1 25 | $13.4B | $1.5B | ||
| Q4 24 | $13.5B | $1.8B | ||
| Q3 24 | $13.9B | $1.9B | ||
| Q2 24 | $14.2B | $2.1B | ||
| Q1 24 | $15.1B | $2.1B |
负债/权益比ABRACRE
| Q4 25 | 3.75× | 1.86× | ||
| Q3 25 | 3.47× | — | ||
| Q2 25 | 3.40× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 3.29× | 1.33× | ||
| Q3 24 | 3.40× | — | ||
| Q2 24 | 3.47× | — | ||
| Q1 24 | 3.68× | — |
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 | $-16.9M | $4.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ABRACRE
| Q4 25 | $-16.9M | $4.6M | ||
| Q3 25 | $178.7M | $3.8M | ||
| Q2 25 | $60.0M | $4.9M | ||
| Q1 25 | $150.5M | $8.0M | ||
| Q4 24 | $46.7M | $7.1M | ||
| Q3 24 | $85.0M | $8.4M | ||
| Q2 24 | $69.9M | $8.7M | ||
| Q1 24 | $260.0M | $11.4M |
现金转化率ABRACRE
| Q4 25 | — | — | ||
| Q3 25 | 3.44× | 0.82× | ||
| Q2 25 | 1.65× | — | ||
| Q1 25 | 3.47× | 0.86× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 3.55× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
