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Armada Hoffler Properties, Inc.（AHH）与Hudson Pacific Properties, Inc.（HPP）财务数据对比。点击上方公司名可切换其他公司
Hudson Pacific Properties, Inc.的季度营收约是Armada Hoffler Properties, Inc.的3.4倍（$256.0M vs $75.6M）。Armada Hoffler Properties, Inc.净利率更高（3.1% vs -109.4%，领先112.6%）。Hudson Pacific Properties, Inc.同比增速更快（22.1% vs 0.8%）。过去两年Hudson Pacific Properties, Inc.的营收复合增速更高（9.4% 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。
哈德逊太平洋地产是一家房地产投资信托企业，持有1580万平方英尺办公楼、150万平方英尺摄影棚，同时拥有300万平方英尺商用物业的未开发权益，资产布局覆盖美国西海岸及温哥华，注册地位于马里兰州，总部设在洛杉矶，是洛杉矶当地规模最大的独立摄影棚运营商。
AHH vs HPP — 直观对比
营收规模更大
HPP
是对方的3.4倍
$75.6M
营收增速更快
HPP
高出21.3%
0.8%
净利率更高
AHH
高出112.6%
-109.4%
两年增速更快
HPP
近两年复合增速
-22.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $75.6M | $256.0M |
| 净利润 | $2.4M | $-280.2M |
| 毛利率 | — | 60.0% |
| 营业利润率 | 31.0% | -109.8% |
| 净利率 | 3.1% | -109.4% |
| 营收同比 | 0.8% | 22.1% |
| 净利润同比 | -89.8% | -61.5% |
| 每股收益（稀释后） | $0.00 | $-11.57 |
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AHHHPP
| Q4 25 | $75.6M | $256.0M | ||
| Q3 25 | $23.2M | $186.6M | ||
| Q2 25 | $32.0M | $190.0M | ||
| Q1 25 | $46.6M | $198.5M | ||
| Q4 24 | $75.0M | $209.7M | ||
| Q3 24 | $114.4M | $200.4M | ||
| Q2 24 | $116.8M | $218.0M | ||
| Q1 24 | $127.0M | $214.0M |
净利润AHHHPP
| Q4 25 | $2.4M | $-280.2M | ||
| Q3 25 | $80.0K | $-144.1M | ||
| Q2 25 | $5.9M | $-87.8M | ||
| Q1 25 | $-2.8M | $-80.3M | ||
| Q4 24 | $23.4M | $-173.5M | ||
| Q3 24 | $-5.0M | $-107.0M | ||
| Q2 24 | $3.2M | $-47.6M | ||
| Q1 24 | $14.1M | $-53.4M |
毛利率AHHHPP
| Q4 25 | — | 60.0% | ||
| Q3 25 | — | 44.3% | ||
| Q2 25 | — | 43.1% | ||
| Q1 25 | — | 42.9% | ||
| Q4 24 | — | 44.7% | ||
| Q3 24 | 45.0% | 42.7% | ||
| Q2 24 | 41.8% | 48.0% | ||
| Q1 24 | 37.9% | 48.6% |
营业利润率AHHHPP
| Q4 25 | 31.0% | -109.8% | ||
| Q3 25 | 91.5% | -77.2% | ||
| Q2 25 | 63.9% | -46.0% | ||
| Q1 25 | 33.8% | -40.4% | ||
| Q4 24 | 50.1% | -83.2% | ||
| Q3 24 | 19.0% | -52.3% | ||
| Q2 24 | 11.9% | -21.6% | ||
| Q1 24 | 15.1% | -24.9% |
净利率AHHHPP
| Q4 25 | 3.1% | -109.4% | ||
| Q3 25 | 0.3% | -77.2% | ||
| Q2 25 | 18.6% | -46.2% | ||
| Q1 25 | -6.0% | -40.5% | ||
| Q4 24 | 31.2% | -82.7% | ||
| Q3 24 | -4.4% | -53.4% | ||
| Q2 24 | 2.7% | -21.8% | ||
| Q1 24 | 11.1% | -24.9% |
每股收益（稀释后）AHHHPP
| Q4 25 | $0.00 | $-11.57 | ||
| Q3 25 | $-0.04 | $-0.30 | ||
| Q2 25 | $0.04 | $-0.41 | ||
| Q1 25 | $-0.07 | $-0.53 | ||
| Q4 24 | $0.28 | $-1.19 | ||
| Q3 24 | $-0.11 | $-0.69 | ||
| Q2 24 | $0.00 | $-0.33 | ||
| Q1 24 | $0.17 | $-0.37 |
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 | $138.4M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $627.8M | $3.0B |
| 总资产 | $2.6B | $7.3B |
| 负债/权益比越低杠杆越低 | 2.43× | — |
8季度趋势，按日历期对齐
现金及短期投资AHHHPP
| Q4 25 | $49.1M | $138.4M | ||
| Q3 25 | $46.5M | $190.4M | ||
| Q2 25 | $52.1M | $236.0M | ||
| Q1 25 | $45.7M | $86.5M | ||
| Q4 24 | $31.9M | $63.3M | ||
| Q3 24 | $43.9M | $90.7M | ||
| Q2 24 | $20.3M | $78.5M | ||
| Q1 24 | $41.9M | $114.3M |
总债务AHHHPP
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
股东权益AHHHPP
| Q4 25 | $627.8M | $3.0B | ||
| Q3 25 | $638.8M | $3.2B | ||
| Q2 25 | $652.0M | $3.4B | ||
| Q1 25 | $657.4M | $2.8B | ||
| Q4 24 | $670.6M | $2.9B | ||
| Q3 24 | $663.9M | $3.0B | ||
| Q2 24 | $562.7M | $3.1B | ||
| Q1 24 | $571.4M | $3.2B |
总资产AHHHPP
| Q4 25 | $2.6B | $7.3B | ||
| Q3 25 | $2.6B | $7.8B | ||
| Q2 25 | $2.6B | $8.1B | ||
| Q1 25 | $2.5B | $8.0B | ||
| Q4 24 | $2.5B | $8.1B | ||
| Q3 24 | $2.6B | $8.3B | ||
| Q2 24 | $2.6B | $8.4B | ||
| Q1 24 | $2.6B | $8.3B |
负债/权益比AHHHPP
| Q4 25 | 2.43× | — | ||
| Q3 25 | 2.33× | — | ||
| Q2 25 | 2.22× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 1.93× | — | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 2.50× | — |
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 | — | $59.3M |
| 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AHHHPP
| Q4 25 | — | $59.3M | ||
| Q3 25 | $26.3M | $33.2M | ||
| Q2 25 | $11.1M | $-2.0M | ||
| Q1 25 | $107.0K | $30.5M | ||
| Q4 24 | $20.8M | $162.0K | ||
| Q3 24 | $27.3M | $63.7M | ||
| Q2 24 | $17.4M | $35.6M | ||
| Q1 24 | $46.5M | $65.1M |
现金转化率AHHHPP
| Q4 25 | — | — | ||
| Q3 25 | 328.63× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.48× | — | ||
| Q1 24 | 3.30× | — |
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% |
HPP
| Core Office | $217.1M | 85% |
| Studio Segment | $21.8M | 9% |
| Ancillary Revenue | $20.2M | 8% |
| Chargebacks | $3.3M | 1% |
