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Ares Commercial Real Estate Corp（ACRE）与Gaming & Leisure Properties, Inc.（GLPI）财务数据对比。点击上方公司名可切换其他公司
Gaming & Leisure Properties, Inc.的季度营收约是Ares Commercial Real Estate Corp的31.8倍（$420.0M vs $13.2M）。Gaming & Leisure Properties, Inc.净利率更高（57.0% vs -29.2%，领先86.2%）。Gaming & Leisure Properties, Inc.同比增速更快（6.3% vs -24.5%）。过去两年Gaming & Leisure Properties, Inc.的营收复合增速更高（5.0% 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。
博彩与休闲地产公司（GLPI）是一家专注于赌场物业的房地产投资信托（REIT），总部位于宾夕法尼亚州怀奥米辛。公司于2013年11月从宾州国民娱乐分拆成立，目前持有62处赌场物业，全部对外出租给其他企业运营。
ACRE vs GLPI — 直观对比
营收规模更大
GLPI
是对方的31.8倍
$13.2M
营收增速更快
GLPI
高出30.8%
-24.5%
净利率更高
GLPI
高出86.2%
-29.2%
两年增速更快
GLPI
近两年复合增速
-15.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $13.2M | $420.0M |
| 净利润 | $-3.9M | $239.4M |
| 毛利率 | — | — |
| 营业利润率 | -29.2% | 79.4% |
| 净利率 | -29.2% | 57.0% |
| 营收同比 | -24.5% | 6.3% |
| 净利润同比 | 63.8% | 40.5% |
| 每股收益（稀释后） | — | — |
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ACREGLPI
| Q1 26 | — | $420.0M | ||
| Q4 25 | $13.2M | $407.0M | ||
| Q3 25 | $14.1M | $397.6M | ||
| Q2 25 | $12.6M | $394.9M | ||
| Q1 25 | $14.9M | $395.2M | ||
| Q4 24 | $17.5M | $389.6M | ||
| Q3 24 | $16.7M | $385.3M | ||
| Q2 24 | $16.8M | $380.6M |
净利润ACREGLPI
| Q1 26 | — | $239.4M | ||
| Q4 25 | $-3.9M | $267.3M | ||
| Q3 25 | $4.7M | $241.2M | ||
| Q2 25 | $-11.0M | $151.4M | ||
| Q1 25 | $9.3M | $165.2M | ||
| Q4 24 | $-10.7M | $217.2M | ||
| Q3 24 | $-5.9M | $184.7M | ||
| Q2 24 | $-6.1M | $208.3M |
营业利润率ACREGLPI
| Q1 26 | — | 79.4% | ||
| Q4 25 | -29.2% | 89.3% | ||
| Q3 25 | 33.0% | 84.8% | ||
| Q2 25 | -87.8% | 61.3% | ||
| Q1 25 | 64.4% | 65.5% | ||
| Q4 24 | -61.0% | 79.1% | ||
| Q3 24 | -35.3% | 70.4% | ||
| Q2 24 | -36.5% | 77.1% |
净利率ACREGLPI
| Q1 26 | — | 57.0% | ||
| Q4 25 | -29.2% | 65.7% | ||
| Q3 25 | 33.0% | 60.7% | ||
| Q2 25 | -87.8% | 38.4% | ||
| Q1 25 | 62.5% | 41.8% | ||
| Q4 24 | -60.9% | 55.8% | ||
| Q3 24 | -35.3% | 47.9% | ||
| Q2 24 | -36.5% | 54.7% |
每股收益（稀释后）ACREGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | $0.96 | ||
| Q3 25 | — | $0.85 | ||
| Q2 25 | — | $0.54 | ||
| Q1 25 | — | $0.60 | ||
| Q4 24 | — | $0.79 | ||
| Q3 24 | — | $0.67 | ||
| Q2 24 | — | $0.77 |
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 | $274.5M |
| 总债务越低越好 | $948.2M | — |
| 股东权益账面价值 | $509.6M | $5.0B |
| 总资产 | $1.6B | $13.8B |
| 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ACREGLPI
| Q1 26 | — | $274.5M | ||
| Q4 25 | $29.3M | — | ||
| Q3 25 | $84.9M | — | ||
| Q2 25 | $90.0M | — | ||
| Q1 25 | $125.5M | — | ||
| Q4 24 | $63.8M | $560.8M | ||
| Q3 24 | $68.9M | $554.1M | ||
| Q2 24 | $70.6M | $347.8M |
总债务ACREGLPI
| Q1 26 | — | — | ||
| Q4 25 | $948.2M | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | $718.5M | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
股东权益ACREGLPI
| Q1 26 | — | $5.0B | ||
| Q4 25 | $509.6M | $4.6B | ||
| Q3 25 | $521.0M | $4.6B | ||
| Q2 25 | $523.7M | $4.6B | ||
| Q1 25 | $542.1M | $4.2B | ||
| Q4 24 | $540.1M | $4.3B | ||
| Q3 24 | $563.8M | $4.3B | ||
| Q2 24 | $582.3M | $4.1B |
总资产ACREGLPI
| Q1 26 | — | $13.8B | ||
| Q4 25 | $1.6B | $12.9B | ||
| Q3 25 | $1.4B | $12.8B | ||
| Q2 25 | $1.4B | $12.5B | ||
| Q1 25 | $1.5B | $12.1B | ||
| Q4 24 | $1.8B | $13.1B | ||
| Q3 24 | $1.9B | $12.7B | ||
| Q2 24 | $2.1B | $11.8B |
负债/权益比ACREGLPI
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | 1.33× | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.60× |
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 | — |
| 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ACREGLPI
| Q1 26 | — | — | ||
| Q4 25 | $4.6M | $343.2M | ||
| Q3 25 | $3.8M | $240.3M | ||
| Q2 25 | $4.9M | $293.4M | ||
| Q1 25 | $8.0M | $252.5M | ||
| Q4 24 | $7.1M | $292.4M | ||
| Q3 24 | $8.4M | $270.4M | ||
| Q2 24 | $8.7M | $252.1M |
自由现金流ACREGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $183.0M | ||
| Q2 25 | — | $272.3M | ||
| Q1 25 | — | $239.6M | ||
| Q4 24 | — | $276.6M | ||
| Q3 24 | — | $261.5M | ||
| Q2 24 | — | $245.0M |
自由现金流率ACREGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 69.0% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 71.0% | ||
| Q3 24 | — | 67.9% | ||
| Q2 24 | — | 64.4% |
资本支出强度ACREGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 14.4% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 1.9% |
现金转化率ACREGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.28× | ||
| Q3 25 | 0.82× | 1.00× | ||
| Q2 25 | — | 1.94× | ||
| Q1 25 | 0.86× | 1.53× | ||
| Q4 24 | — | 1.35× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | 1.21× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
