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AGREE REALTY CORP（ADC）与AvalonBay Communities（AVB）财务数据对比。点击上方公司名可切换其他公司
AGREE REALTY CORP的季度营收约是AvalonBay Communities的109.4倍（$200.8M vs $1.8M）。AvalonBay Communities净利率更高（9040.6% vs 31.0%，领先9009.6%）。AGREE REALTY CORP同比增速更快（18.7% vs 5.5%）。过去两年AGREE REALTY CORP的营收复合增速更高（14.7% vs 1.1%）
杜克房地产是总部位于美国印第安纳州印第安纳波利斯的工业地产投资信托基金（REIT），主营工业类物业投资。截至2021年12月31日，公司持有或共同控制548处以工业用途为主的物业，可出租总面积达1.627亿平方英尺，2022年10月被普洛斯收购。
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。
ADC vs AVB — 直观对比
营收规模更大
ADC
是对方的109.4倍
$1.8M
营收增速更快
ADC
高出13.2%
5.5%
净利率更高
AVB
高出9009.6%
31.0%
两年增速更快
ADC
近两年复合增速
1.1%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $200.8M | $1.8M |
| 净利润 | $62.2M | $166.0M |
| 毛利率 | — | — |
| 营业利润率 | 49.1% | — |
| 净利率 | 31.0% | 9040.6% |
| 营收同比 | 18.7% | 5.5% |
| 净利润同比 | 32.0% | -41.2% |
| 每股收益（稀释后） | $1.04 | $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ADCAVB
| Q1 26 | $200.8M | — | ||
| Q4 25 | $190.5M | $1.8M | ||
| Q3 25 | $183.2M | $1.9M | ||
| Q2 25 | $175.5M | $1.6M | ||
| Q1 25 | $169.2M | $1.7M | ||
| Q4 24 | $160.7M | $1.7M | ||
| Q3 24 | $154.3M | $1.7M | ||
| Q2 24 | $152.6M | $1.8M |
净利润ADCAVB
| Q1 26 | $62.2M | — | ||
| Q4 25 | $56.0M | $166.0M | ||
| Q3 25 | $52.1M | $381.3M | ||
| Q2 25 | $49.2M | $268.7M | ||
| Q1 25 | $47.0M | $236.6M | ||
| Q4 24 | $45.2M | $282.1M | ||
| Q3 24 | $44.4M | $372.5M | ||
| Q2 24 | $54.7M | $253.9M |
营业利润率ADCAVB
| Q1 26 | 49.1% | — | ||
| Q4 25 | 48.5% | — | ||
| Q3 25 | 47.6% | — | ||
| Q2 25 | 46.7% | — | ||
| Q1 25 | 46.5% | — | ||
| Q4 24 | 46.9% | — | ||
| Q3 24 | 48.2% | — | ||
| Q2 24 | 53.7% | — |
净利率ADCAVB
| Q1 26 | 31.0% | — | ||
| Q4 25 | 29.4% | 9040.6% | ||
| Q3 25 | 28.4% | 20390.7% | ||
| Q2 25 | 28.0% | 16854.8% | ||
| Q1 25 | 27.8% | 13581.9% | ||
| Q4 24 | 28.1% | 16212.2% | ||
| Q3 24 | 28.8% | 21708.6% | ||
| Q2 24 | 35.9% | 13876.2% |
每股收益（稀释后）ADCAVB
| Q1 26 | $1.04 | — | ||
| Q4 25 | $0.47 | $1.18 | ||
| Q3 25 | $0.45 | $2.68 | ||
| Q2 25 | $0.43 | $1.88 | ||
| Q1 25 | $0.42 | $1.66 | ||
| Q4 24 | $0.41 | $1.99 | ||
| Q3 24 | $0.42 | $2.61 | ||
| Q2 24 | $0.52 | $1.78 |
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 | $25.1M | $187.2M |
| 总债务越低越好 | — | $9.3B |
| 股东权益账面价值 | $6.2B | $11.6B |
| 总资产 | $10.2B | $22.2B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资ADCAVB
| Q1 26 | $25.1M | — | ||
| Q4 25 | $16.3M | $187.2M | ||
| Q3 25 | $13.7M | $123.3M | ||
| Q2 25 | $5.8M | $102.8M | ||
| Q1 25 | $7.9M | $53.3M | ||
| Q4 24 | $6.4M | $108.6M | ||
| Q3 24 | $13.2M | $552.4M | ||
| Q2 24 | $9.6M | $545.8M |
总债务ADCAVB
| Q1 26 | — | — | ||
| Q4 25 | — | $9.3B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.7B | ||
| Q1 25 | — | $8.3B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $8.4B | ||
| Q2 24 | — | $8.4B |
股东权益ADCAVB
| Q1 26 | $6.2B | — | ||
| Q4 25 | $6.3B | $11.6B | ||
| Q3 25 | $5.9B | $11.9B | ||
| Q2 25 | $5.7B | $11.9B | ||
| Q1 25 | $5.6B | $11.9B | ||
| Q4 24 | $5.5B | $11.9B | ||
| Q3 24 | $5.3B | $11.9B | ||
| Q2 24 | $5.2B | $11.7B |
总资产ADCAVB
| Q1 26 | $10.2B | — | ||
| Q4 25 | $9.8B | $22.2B | ||
| Q3 25 | $9.5B | $21.9B | ||
| Q2 25 | $9.1B | $21.8B | ||
| Q1 25 | $8.8B | $21.2B | ||
| Q4 24 | $8.5B | $21.0B | ||
| Q3 24 | $8.2B | $21.3B | ||
| Q2 24 | $8.0B | $21.0B |
负债/权益比ADCAVB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.71× |
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 | — | $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ADCAVB
| Q1 26 | — | — | ||
| Q4 25 | $111.3M | $400.4M | ||
| Q3 25 | $146.5M | $477.0M | ||
| Q2 25 | $119.6M | $377.8M | ||
| Q1 25 | $126.7M | $415.9M | ||
| Q4 24 | $91.4M | $328.8M | ||
| Q3 24 | $140.5M | $486.2M | ||
| Q2 24 | $97.0M | $380.0M |
自由现金流ADCAVB
| Q1 26 | — | — | ||
| Q4 25 | — | $322.5M | ||
| Q3 25 | — | $402.2M | ||
| Q2 25 | — | $317.1M | ||
| Q1 25 | — | $367.5M | ||
| Q4 24 | $-251.2M | $271.9M | ||
| Q3 24 | $-75.5M | $434.2M | ||
| Q2 24 | $-90.6M | $333.0M |
自由现金流率ADCAVB
| Q1 26 | — | — | ||
| Q4 25 | — | 17563.8% | ||
| Q3 25 | — | 21507.4% | ||
| Q2 25 | — | 19896.0% | ||
| Q1 25 | — | 21098.3% | ||
| Q4 24 | -156.3% | 15626.2% | ||
| Q3 24 | -48.9% | 25305.2% | ||
| Q2 24 | -59.4% | 18195.7% |
资本支出强度ADCAVB
| Q1 26 | — | — | ||
| Q4 25 | — | 4246.2% | ||
| Q3 25 | — | 3998.4% | ||
| Q2 25 | — | 3806.1% | ||
| Q1 25 | — | 2776.7% | ||
| Q4 24 | 213.1% | 3271.1% | ||
| Q3 24 | 140.0% | 3026.3% | ||
| Q2 24 | 123.0% | 2568.9% |
现金转化率ADCAVB
| Q1 26 | — | — | ||
| Q4 25 | 1.99× | 2.41× | ||
| Q3 25 | 2.81× | 1.25× | ||
| Q2 25 | 2.43× | 1.41× | ||
| Q1 25 | 2.70× | 1.76× | ||
| Q4 24 | 2.02× | 1.17× | ||
| Q3 24 | 3.17× | 1.31× | ||
| Q2 24 | 1.77× | 1.50× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
