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Ares Commercial Real Estate Corp（ACRE）与W. P. Carey Inc.（WPC）财务数据对比。点击上方公司名可切换其他公司
W. P. Carey Inc.的季度营收约是Ares Commercial Real Estate Corp的33.6倍（$444.5M vs $13.2M）。W. P. Carey Inc.净利率更高（33.4% vs -29.2%，领先62.6%）。W. P. Carey Inc.同比增速更快（9.4% vs -24.5%）。过去两年W. P. Carey Inc.的营收复合增速更高（6.8% 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。
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
ACRE vs WPC — 直观对比
营收规模更大
WPC
是对方的33.6倍
$13.2M
营收增速更快
WPC
高出34.0%
-24.5%
净利率更高
WPC
高出62.6%
-29.2%
两年增速更快
WPC
近两年复合增速
-15.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $13.2M | $444.5M |
| 净利润 | $-3.9M | $148.3M |
| 毛利率 | — | — |
| 营业利润率 | -29.2% | 34.5% |
| 净利率 | -29.2% | 33.4% |
| 营收同比 | -24.5% | 9.4% |
| 净利润同比 | 63.8% | 215.4% |
| 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ACREWPC
| Q4 25 | $13.2M | $444.5M | ||
| Q3 25 | $14.1M | $431.3M | ||
| Q2 25 | $12.6M | $430.8M | ||
| Q1 25 | $14.9M | $409.9M | ||
| Q4 24 | $17.5M | $406.2M | ||
| Q3 24 | $16.7M | $397.4M | ||
| Q2 24 | $16.8M | $389.7M | ||
| Q1 24 | $18.7M | $389.8M |
净利润ACREWPC
| Q4 25 | $-3.9M | $148.3M | ||
| Q3 25 | $4.7M | $141.0M | ||
| Q2 25 | $-11.0M | $51.2M | ||
| Q1 25 | $9.3M | $125.8M | ||
| Q4 24 | $-10.7M | $47.0M | ||
| Q3 24 | $-5.9M | $111.7M | ||
| Q2 24 | $-6.1M | $142.9M | ||
| Q1 24 | $-12.3M | $159.2M |
营业利润率ACREWPC
| Q4 25 | -29.2% | 34.5% | ||
| Q3 25 | 33.0% | 34.7% | ||
| Q2 25 | -87.8% | 15.0% | ||
| Q1 25 | 64.4% | 33.5% | ||
| Q4 24 | -61.0% | 13.5% | ||
| Q3 24 | -35.3% | 30.4% | ||
| Q2 24 | -36.5% | 38.3% | ||
| Q1 24 | -65.9% | 43.0% |
净利率ACREWPC
| Q4 25 | -29.2% | 33.4% | ||
| Q3 25 | 33.0% | 32.7% | ||
| Q2 25 | -87.8% | 11.9% | ||
| Q1 25 | 62.5% | 30.7% | ||
| Q4 24 | -60.9% | 11.6% | ||
| Q3 24 | -35.3% | 28.1% | ||
| Q2 24 | -36.5% | 36.7% | ||
| Q1 24 | -65.9% | 40.8% |
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 | $155.3M |
| 总债务越低越好 | $948.2M | $8.7B |
| 股东权益账面价值 | $509.6M | $8.1B |
| 总资产 | $1.6B | $18.0B |
| 负债/权益比越低杠杆越低 | 1.86× | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资ACREWPC
| Q4 25 | $29.3M | $155.3M | ||
| Q3 25 | $84.9M | $249.0M | ||
| Q2 25 | $90.0M | $244.8M | ||
| Q1 25 | $125.5M | $187.8M | ||
| Q4 24 | $63.8M | $640.4M | ||
| Q3 24 | $68.9M | $818.2M | ||
| Q2 24 | $70.6M | $1.1B | ||
| Q1 24 | $99.5M | $777.0M |
总债务ACREWPC
| Q4 25 | $948.2M | $8.7B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | $718.5M | $8.0B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $8.1B | ||
| Q1 24 | — | $7.9B |
股东权益ACREWPC
| Q4 25 | $509.6M | $8.1B | ||
| Q3 25 | $521.0M | $8.2B | ||
| Q2 25 | $523.7M | $8.2B | ||
| Q1 25 | $542.1M | $8.4B | ||
| Q4 24 | $540.1M | $8.4B | ||
| Q3 24 | $563.8M | $8.6B | ||
| Q2 24 | $582.3M | $8.6B | ||
| Q1 24 | $601.1M | $8.7B |
总资产ACREWPC
| Q4 25 | $1.6B | $18.0B | ||
| Q3 25 | $1.4B | $18.0B | ||
| Q2 25 | $1.4B | $18.0B | ||
| Q1 25 | $1.5B | $17.3B | ||
| Q4 24 | $1.8B | $17.5B | ||
| Q3 24 | $1.9B | $17.6B | ||
| Q2 24 | $2.1B | $17.8B | ||
| Q1 24 | $2.1B | $17.6B |
负债/权益比ACREWPC
| Q4 25 | 1.86× | 1.07× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | 1.33× | 0.95× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 0.94× | ||
| Q1 24 | — | 0.91× |
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 | $304.6M |
| 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 | — | 2.05× |
| 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ACREWPC
| Q4 25 | $4.6M | $304.6M | ||
| Q3 25 | $3.8M | $300.5M | ||
| Q2 25 | $4.9M | $404.0M | ||
| Q1 25 | $8.0M | $273.2M | ||
| Q4 24 | $7.1M | $296.3M | ||
| Q3 24 | $8.4M | $280.2M | ||
| Q2 24 | $8.7M | $221.0M | ||
| Q1 24 | $11.4M | $1.0B |
现金转化率ACREWPC
| Q4 25 | — | 2.05× | ||
| Q3 25 | 0.82× | 2.13× | ||
| Q2 25 | — | 7.89× | ||
| Q1 25 | 0.86× | 2.17× | ||
| Q4 24 | — | 6.30× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | — | 6.50× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
