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Ares Commercial Real Estate Corp（ACRE）与AvalonBay Communities（AVB）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AvalonBay Communities的7.2倍（$13.2M vs $1.8M）。AvalonBay Communities净利率更高（9040.6% vs -29.2%，领先9069.8%）。AvalonBay Communities同比增速更快（5.5% vs -24.5%）。过去两年AvalonBay Communities的营收复合增速更高（1.1% 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。
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
ACRE vs AVB — 直观对比
营收规模更大
ACRE
是对方的7.2倍
$1.8M
营收增速更快
AVB
高出30.0%
-24.5%
净利率更高
AVB
高出9069.8%
-29.2%
两年增速更快
AVB
近两年复合增速
-15.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $13.2M | $1.8M |
| 净利润 | $-3.9M | $166.0M |
| 毛利率 | — | — |
| 营业利润率 | -29.2% | — |
| 净利率 | -29.2% | 9040.6% |
| 营收同比 | -24.5% | 5.5% |
| 净利润同比 | 63.8% | -41.2% |
| 每股收益（稀释后） | — | $1.18 |
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ACREAVB
| Q4 25 | $13.2M | $1.8M | ||
| Q3 25 | $14.1M | $1.9M | ||
| Q2 25 | $12.6M | $1.6M | ||
| Q1 25 | $14.9M | $1.7M | ||
| Q4 24 | $17.5M | $1.7M | ||
| Q3 24 | $16.7M | $1.7M | ||
| Q2 24 | $16.8M | $1.8M | ||
| Q1 24 | $18.7M | $1.8M |
净利润ACREAVB
| Q4 25 | $-3.9M | $166.0M | ||
| Q3 25 | $4.7M | $381.3M | ||
| Q2 25 | $-11.0M | $268.7M | ||
| Q1 25 | $9.3M | $236.6M | ||
| Q4 24 | $-10.7M | $282.1M | ||
| Q3 24 | $-5.9M | $372.5M | ||
| Q2 24 | $-6.1M | $253.9M | ||
| Q1 24 | $-12.3M | $173.4M |
营业利润率ACREAVB
| 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ACREAVB
| Q4 25 | -29.2% | 9040.6% | ||
| Q3 25 | 33.0% | 20390.7% | ||
| Q2 25 | -87.8% | 16854.8% | ||
| Q1 25 | 62.5% | 13581.9% | ||
| Q4 24 | -60.9% | 16212.2% | ||
| Q3 24 | -35.3% | 21708.6% | ||
| Q2 24 | -36.5% | 13876.2% | ||
| Q1 24 | -65.9% | 9662.9% |
每股收益（稀释后）ACREAVB
| Q4 25 | — | $1.18 | ||
| Q3 25 | — | $2.68 | ||
| Q2 25 | — | $1.88 | ||
| Q1 25 | — | $1.66 | ||
| Q4 24 | — | $1.99 | ||
| Q3 24 | — | $2.61 | ||
| Q2 24 | — | $1.78 | ||
| Q1 24 | — | $1.22 |
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 | $187.2M |
| 总债务越低越好 | $948.2M | $9.3B |
| 股东权益账面价值 | $509.6M | $11.6B |
| 总资产 | $1.6B | $22.2B |
| 负债/权益比越低杠杆越低 | 1.86× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资ACREAVB
| Q4 25 | $29.3M | $187.2M | ||
| Q3 25 | $84.9M | $123.3M | ||
| Q2 25 | $90.0M | $102.8M | ||
| Q1 25 | $125.5M | $53.3M | ||
| Q4 24 | $63.8M | $108.6M | ||
| Q3 24 | $68.9M | $552.4M | ||
| Q2 24 | $70.6M | $545.8M | ||
| Q1 24 | $99.5M | $287.9M |
总债务ACREAVB
| Q4 25 | $948.2M | $9.3B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.7B | ||
| Q1 25 | — | $8.3B | ||
| Q4 24 | $718.5M | $8.1B | ||
| Q3 24 | — | $8.4B | ||
| Q2 24 | — | $8.4B | ||
| Q1 24 | — | $8.0B |
股东权益ACREAVB
| Q4 25 | $509.6M | $11.6B | ||
| Q3 25 | $521.0M | $11.9B | ||
| Q2 25 | $523.7M | $11.9B | ||
| Q1 25 | $542.1M | $11.9B | ||
| Q4 24 | $540.1M | $11.9B | ||
| Q3 24 | $563.8M | $11.9B | ||
| Q2 24 | $582.3M | $11.7B | ||
| Q1 24 | $601.1M | $11.7B |
总资产ACREAVB
| Q4 25 | $1.6B | $22.2B | ||
| Q3 25 | $1.4B | $21.9B | ||
| Q2 25 | $1.4B | $21.8B | ||
| Q1 25 | $1.5B | $21.2B | ||
| Q4 24 | $1.8B | $21.0B | ||
| Q3 24 | $1.9B | $21.3B | ||
| Q2 24 | $2.1B | $21.0B | ||
| Q1 24 | $2.1B | $20.6B |
负债/权益比ACREAVB
| Q4 25 | 1.86× | 0.80× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | 1.33× | 0.68× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.71× | ||
| Q1 24 | — | 0.68× |
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 | $4.6M | $400.4M |
| 自由现金流经营现金流 - 资本支出 | — | $322.5M |
| 自由现金流率自由现金流/营收 | — | 17563.8% |
| 资本支出强度资本支出/营收 | — | 4246.2% |
| 现金转化率经营现金流/净利润 | — | 2.41× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流ACREAVB
| Q4 25 | $4.6M | $400.4M | ||
| Q3 25 | $3.8M | $477.0M | ||
| Q2 25 | $4.9M | $377.8M | ||
| Q1 25 | $8.0M | $415.9M | ||
| Q4 24 | $7.1M | $328.8M | ||
| Q3 24 | $8.4M | $486.2M | ||
| Q2 24 | $8.7M | $380.0M | ||
| Q1 24 | $11.4M | $412.9M |
自由现金流ACREAVB
| Q4 25 | — | $322.5M | ||
| Q3 25 | — | $402.2M | ||
| Q2 25 | — | $317.1M | ||
| Q1 25 | — | $367.5M | ||
| Q4 24 | — | $271.9M | ||
| Q3 24 | — | $434.2M | ||
| Q2 24 | — | $333.0M | ||
| Q1 24 | — | $375.4M |
自由现金流率ACREAVB
| Q4 25 | — | 17563.8% | ||
| Q3 25 | — | 21507.4% | ||
| Q2 25 | — | 19896.0% | ||
| Q1 25 | — | 21098.3% | ||
| Q4 24 | — | 15626.2% | ||
| Q3 24 | — | 25305.2% | ||
| Q2 24 | — | 18195.7% | ||
| Q1 24 | — | 20914.5% |
资本支出强度ACREAVB
| Q4 25 | — | 4246.2% | ||
| Q3 25 | — | 3998.4% | ||
| Q2 25 | — | 3806.1% | ||
| Q1 25 | — | 2776.7% | ||
| Q4 24 | — | 3271.1% | ||
| Q3 24 | — | 3026.3% | ||
| Q2 24 | — | 2568.9% | ||
| Q1 24 | — | 2088.6% |
现金转化率ACREAVB
| Q4 25 | — | 2.41× | ||
| Q3 25 | 0.82× | 1.25× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | 0.86× | 1.76× | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.50× | ||
| Q1 24 | — | 2.38× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
