vs
Armada Hoffler Properties, Inc.（AHH）与AvalonBay Communities（AVB）财务数据对比。点击上方公司名可切换其他公司
Armada Hoffler Properties, Inc.的季度营收约是AvalonBay Communities的41.2倍（$75.6M vs $1.8M）。AvalonBay Communities净利率更高（9040.6% vs 3.1%，领先9037.4%）。AvalonBay Communities同比增速更快（5.5% vs 0.8%）。过去两年AvalonBay Communities的营收复合增速更高（1.1% vs -22.8%）
Armada Hoffler Properties是一家公开上市的房地产投资信托，业务覆盖美国大西洋中部及东南部地区，开发、持有并运营涵盖办公、零售、多户住宅的多元化优质物业组合，同时为第三方客户提供全链条建筑开发服务。
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。
AHH vs AVB — 直观对比
营收规模更大
AHH
是对方的41.2倍
$1.8M
营收增速更快
AVB
高出4.7%
0.8%
净利率更高
AVB
高出9037.4%
3.1%
两年增速更快
AVB
近两年复合增速
-22.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $75.6M | $1.8M |
| 净利润 | $2.4M | $166.0M |
| 毛利率 | — | — |
| 营业利润率 | 31.0% | — |
| 净利率 | 3.1% | 9040.6% |
| 营收同比 | 0.8% | 5.5% |
| 净利润同比 | -89.8% | -41.2% |
| 每股收益（稀释后） | $0.00 | $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AHHAVB
| Q4 25 | $75.6M | $1.8M | ||
| Q3 25 | $23.2M | $1.9M | ||
| Q2 25 | $32.0M | $1.6M | ||
| Q1 25 | $46.6M | $1.7M | ||
| Q4 24 | $75.0M | $1.7M | ||
| Q3 24 | $114.4M | $1.7M | ||
| Q2 24 | $116.8M | $1.8M | ||
| Q1 24 | $127.0M | $1.8M |
净利润AHHAVB
| Q4 25 | $2.4M | $166.0M | ||
| Q3 25 | $80.0K | $381.3M | ||
| Q2 25 | $5.9M | $268.7M | ||
| Q1 25 | $-2.8M | $236.6M | ||
| Q4 24 | $23.4M | $282.1M | ||
| Q3 24 | $-5.0M | $372.5M | ||
| Q2 24 | $3.2M | $253.9M | ||
| Q1 24 | $14.1M | $173.4M |
毛利率AHHAVB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 45.0% | — | ||
| Q2 24 | 41.8% | — | ||
| Q1 24 | 37.9% | — |
营业利润率AHHAVB
| Q4 25 | 31.0% | — | ||
| Q3 25 | 91.5% | — | ||
| Q2 25 | 63.9% | — | ||
| Q1 25 | 33.8% | — | ||
| Q4 24 | 50.1% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 15.1% | — |
净利率AHHAVB
| Q4 25 | 3.1% | 9040.6% | ||
| Q3 25 | 0.3% | 20390.7% | ||
| Q2 25 | 18.6% | 16854.8% | ||
| Q1 25 | -6.0% | 13581.9% | ||
| Q4 24 | 31.2% | 16212.2% | ||
| Q3 24 | -4.4% | 21708.6% | ||
| Q2 24 | 2.7% | 13876.2% | ||
| Q1 24 | 11.1% | 9662.9% |
每股收益（稀释后）AHHAVB
| Q4 25 | $0.00 | $1.18 | ||
| Q3 25 | $-0.04 | $2.68 | ||
| Q2 25 | $0.04 | $1.88 | ||
| Q1 25 | $-0.07 | $1.66 | ||
| Q4 24 | $0.28 | $1.99 | ||
| Q3 24 | $-0.11 | $2.61 | ||
| Q2 24 | $0.00 | $1.78 | ||
| Q1 24 | $0.17 | $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 | $49.1M | $187.2M |
| 总债务越低越好 | $1.5B | $9.3B |
| 股东权益账面价值 | $627.8M | $11.6B |
| 总资产 | $2.6B | $22.2B |
| 负债/权益比越低杠杆越低 | 2.43× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资AHHAVB
| Q4 25 | $49.1M | $187.2M | ||
| Q3 25 | $46.5M | $123.3M | ||
| Q2 25 | $52.1M | $102.8M | ||
| Q1 25 | $45.7M | $53.3M | ||
| Q4 24 | $31.9M | $108.6M | ||
| Q3 24 | $43.9M | $552.4M | ||
| Q2 24 | $20.3M | $545.8M | ||
| Q1 24 | $41.9M | $287.9M |
总债务AHHAVB
| Q4 25 | $1.5B | $9.3B | ||
| Q3 25 | $1.5B | $8.7B | ||
| Q2 25 | $1.4B | $8.7B | ||
| Q1 25 | $1.3B | $8.3B | ||
| Q4 24 | $1.3B | $8.1B | ||
| Q3 24 | $1.3B | $8.4B | ||
| Q2 24 | $1.4B | $8.4B | ||
| Q1 24 | $1.4B | $8.0B |
股东权益AHHAVB
| Q4 25 | $627.8M | $11.6B | ||
| Q3 25 | $638.8M | $11.9B | ||
| Q2 25 | $652.0M | $11.9B | ||
| Q1 25 | $657.4M | $11.9B | ||
| Q4 24 | $670.6M | $11.9B | ||
| Q3 24 | $663.9M | $11.9B | ||
| Q2 24 | $562.7M | $11.7B | ||
| Q1 24 | $571.4M | $11.7B |
总资产AHHAVB
| Q4 25 | $2.6B | $22.2B | ||
| Q3 25 | $2.6B | $21.9B | ||
| Q2 25 | $2.6B | $21.8B | ||
| Q1 25 | $2.5B | $21.2B | ||
| Q4 24 | $2.5B | $21.0B | ||
| Q3 24 | $2.6B | $21.3B | ||
| Q2 24 | $2.6B | $21.0B | ||
| Q1 24 | $2.6B | $20.6B |
负债/权益比AHHAVB
| Q4 25 | 2.43× | 0.80× | ||
| Q3 25 | 2.33× | 0.73× | ||
| Q2 25 | 2.22× | 0.72× | ||
| Q1 25 | 2.01× | 0.70× | ||
| Q4 24 | 1.93× | 0.68× | ||
| Q3 24 | 2.00× | 0.70× | ||
| Q2 24 | 2.52× | 0.71× | ||
| Q1 24 | 2.50× | 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 | — | $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AHHAVB
| Q4 25 | — | $400.4M | ||
| Q3 25 | $26.3M | $477.0M | ||
| Q2 25 | $11.1M | $377.8M | ||
| Q1 25 | $107.0K | $415.9M | ||
| Q4 24 | $20.8M | $328.8M | ||
| Q3 24 | $27.3M | $486.2M | ||
| Q2 24 | $17.4M | $380.0M | ||
| Q1 24 | $46.5M | $412.9M |
自由现金流AHHAVB
| 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AHHAVB
| 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AHHAVB
| 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AHHAVB
| Q4 25 | — | 2.41× | ||
| Q3 25 | 328.63× | 1.25× | ||
| Q2 25 | 1.87× | 1.41× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | 0.89× | 1.17× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 5.48× | 1.50× | ||
| Q1 24 | 3.30× | 2.38× |
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
AHH
| Office Real Estate Segment | $28.8M | 38% |
| Retail Real Estate Segment | $25.4M | 34% |
| Multifamily Residential Real Estate | $17.7M | 23% |
| Real Estate Financing Segment | $3.6M | 5% |
AVB
暂无分部数据
