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Ares Commercial Real Estate Corp（ACRE）与American Healthcare REIT, Inc.（AHR）财务数据对比。点击上方公司名可切换其他公司
American Healthcare REIT, Inc.的季度营收约是Ares Commercial Real Estate Corp的42.7倍（$564.0M vs $13.2M）。American Healthcare REIT, Inc.净利率更高（1.9% vs -29.2%，领先31.2%）。American Healthcare REIT, Inc.同比增速更快（13.5% vs -24.5%）。过去两年American Healthcare REIT, Inc.的营收复合增速更高（11.7% vs -15.9%）
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。
本公司是一家国际医疗房地产投资信托基金（REIT），总部位于美国阿拉巴马州伯明翰，主要在美国及欧洲地区收购、投资医疗机构与营利性医疗控股企业，物业收购多采用售后回租模式，租户通常签署长期三净租约。
ACRE vs AHR — 直观对比
营收规模更大
AHR
是对方的42.7倍
$13.2M
营收增速更快
AHR
高出38.0%
-24.5%
净利率更高
AHR
高出31.2%
-29.2%
两年增速更快
AHR
近两年复合增速
-15.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $13.2M | $564.0M |
| 净利润 | $-3.9M | $10.8M |
| 毛利率 | — | 14.8% |
| 营业利润率 | -29.2% | 19.8% |
| 净利率 | -29.2% | 1.9% |
| 营收同比 | -24.5% | 13.5% |
| 净利润同比 | 63.8% | 133.9% |
| 每股收益（稀释后） | — | $0.07 |
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ACREAHR
| Q4 25 | $13.2M | $564.0M | ||
| Q3 25 | $14.1M | $532.1M | ||
| Q2 25 | $12.6M | $501.3M | ||
| Q1 25 | $14.9M | $497.2M | ||
| Q4 24 | $17.5M | $496.8M | ||
| Q3 24 | $16.7M | $476.8M | ||
| Q2 24 | $16.8M | $458.0M | ||
| Q1 24 | $18.7M | $452.1M |
净利润ACREAHR
| Q4 25 | $-3.9M | $10.8M | ||
| Q3 25 | $4.7M | $55.9M | ||
| Q2 25 | $-11.0M | $9.9M | ||
| Q1 25 | $9.3M | $-6.8M | ||
| Q4 24 | $-10.7M | $-31.8M | ||
| Q3 24 | $-5.9M | $-4.1M | ||
| Q2 24 | $-6.1M | $2.0M | ||
| Q1 24 | $-12.3M | $-3.9M |
毛利率ACREAHR
| Q4 25 | — | 14.8% | ||
| Q3 25 | — | 14.6% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 12.5% | ||
| Q2 24 | — | 12.1% | ||
| Q1 24 | — | 10.7% |
营业利润率ACREAHR
| Q4 25 | -29.2% | 19.8% | ||
| Q3 25 | 33.0% | 19.9% | ||
| Q2 25 | -87.8% | 20.6% | ||
| Q1 25 | 64.4% | 19.0% | ||
| Q4 24 | -61.0% | 20.0% | ||
| Q3 24 | -35.3% | 19.6% | ||
| Q2 24 | -36.5% | 19.4% | ||
| Q1 24 | -65.9% | 18.2% |
净利率ACREAHR
| Q4 25 | -29.2% | 1.9% | ||
| Q3 25 | 33.0% | 10.5% | ||
| Q2 25 | -87.8% | 2.0% | ||
| Q1 25 | 62.5% | -1.4% | ||
| Q4 24 | -60.9% | -6.4% | ||
| Q3 24 | -35.3% | -0.9% | ||
| Q2 24 | -36.5% | 0.4% | ||
| Q1 24 | -65.9% | -0.9% |
每股收益（稀释后）ACREAHR
| Q4 25 | — | $0.07 | ||
| Q3 25 | — | $0.33 | ||
| Q2 25 | — | $0.06 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $-0.23 | ||
| Q3 24 | — | $-0.03 | ||
| Q2 24 | — | $0.01 | ||
| Q1 24 | — | $-0.04 |
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 | $29.3M | $114.8M |
| 总债务越低越好 | $948.2M | — |
| 股东权益账面价值 | $509.6M | $3.3B |
| 总资产 | $1.6B | $5.4B |
| 负债/权益比越低杠杆越低 | 1.86× | — |
8季度趋势，按日历期对齐
现金及短期投资ACREAHR
| Q4 25 | $29.3M | $114.8M | ||
| Q3 25 | $84.9M | $147.4M | ||
| Q2 25 | $90.0M | $133.5M | ||
| Q1 25 | $125.5M | $86.1M | ||
| Q4 24 | $63.8M | $76.7M | ||
| Q3 24 | $68.9M | $67.8M | ||
| Q2 24 | $70.6M | $52.1M | ||
| Q1 24 | $99.5M | $77.0M |
总债务ACREAHR
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACREAHR
| Q4 25 | $509.6M | $3.3B | ||
| Q3 25 | $521.0M | $2.7B | ||
| Q2 25 | $523.7M | $2.4B | ||
| Q1 25 | $542.1M | $2.3B | ||
| Q4 24 | $540.1M | $2.3B | ||
| Q3 24 | $563.8M | $2.2B | ||
| Q2 24 | $582.3M | $1.9B | ||
| Q1 24 | $601.1M | $2.0B |
总资产ACREAHR
| Q4 25 | $1.6B | $5.4B | ||
| Q3 25 | $1.4B | $4.8B | ||
| Q2 25 | $1.4B | $4.5B | ||
| Q1 25 | $1.5B | $4.5B | ||
| Q4 24 | $1.8B | $4.5B | ||
| Q3 24 | $1.9B | $4.7B | ||
| Q2 24 | $2.1B | $4.6B | ||
| Q1 24 | $2.1B | $4.7B |
负债/权益比ACREAHR
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 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 | $4.6M | $55.2M |
| 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 | — | 5.12× |
| 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ACREAHR
| Q4 25 | $4.6M | $55.2M | ||
| Q3 25 | $3.8M | $107.2M | ||
| Q2 25 | $4.9M | $71.5M | ||
| Q1 25 | $8.0M | $60.6M | ||
| Q4 24 | $7.1M | $59.5M | ||
| Q3 24 | $8.4M | $63.1M | ||
| Q2 24 | $8.7M | $59.4M | ||
| Q1 24 | $11.4M | $-6.0M |
现金转化率ACREAHR
| Q4 25 | — | 5.12× | ||
| Q3 25 | 0.82× | 1.92× | ||
| Q2 25 | — | 7.21× | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 30.02× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACRE
暂无分部数据
AHR
| Integrated Senior Health Campuses | $467.0M | 83% |
| SHOP | $97.0M | 17% |
