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Armada Hoffler Properties, Inc.（AHH）与Urban Edge Properties（UE）财务数据对比。点击上方公司名可切换其他公司
Urban Edge Properties的季度营收约是Armada Hoffler Properties, Inc.的1.6倍（$119.6M vs $75.6M）。Urban Edge Properties净利率更高（10.4% vs 3.1%，领先7.2%）。Urban Edge Properties同比增速更快（2.7% vs 0.8%）。过去两年Urban Edge Properties的营收复合增速更高（4.4% 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。
Urban Edge Properties是一家上市房地产投资信托，主要在美国人口密集的城市及郊区市场持有、运营和开发优质零售及混合用途物业，投资组合涵盖生鲜超市锚定的购物中心、生活类商业网点等面向本地社区的资产。
AHH vs UE — 直观对比
营收规模更大
UE
是对方的1.6倍
$75.6M
营收增速更快
UE
高出2.0%
0.8%
净利率更高
UE
高出7.2%
3.1%
两年增速更快
UE
近两年复合增速
-22.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $75.6M | $119.6M |
| 净利润 | $2.4M | $12.4M |
| 毛利率 | — | — |
| 营业利润率 | 31.0% | 11.3% |
| 净利率 | 3.1% | 10.4% |
| 营收同比 | 0.8% | 2.7% |
| 净利润同比 | -89.8% | -58.8% |
| 每股收益（稀释后） | $0.00 | $0.09 |
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AHHUE
| Q4 25 | $75.6M | $119.6M | ||
| Q3 25 | $23.2M | $120.1M | ||
| Q2 25 | $32.0M | $114.1M | ||
| Q1 25 | $46.6M | $118.2M | ||
| Q4 24 | $75.0M | $116.4M | ||
| Q3 24 | $114.4M | $112.4M | ||
| Q2 24 | $116.8M | $106.5M | ||
| Q1 24 | $127.0M | $109.6M |
净利润AHHUE
| Q4 25 | $2.4M | $12.4M | ||
| Q3 25 | $80.0K | $14.9M | ||
| Q2 25 | $5.9M | $58.0M | ||
| Q1 25 | $-2.8M | $8.2M | ||
| Q4 24 | $23.4M | $30.1M | ||
| Q3 24 | $-5.0M | $9.1M | ||
| Q2 24 | $3.2M | $30.8M | ||
| Q1 24 | $14.1M | $2.6M |
毛利率AHHUE
| 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AHHUE
| Q4 25 | 31.0% | 11.3% | ||
| Q3 25 | 91.5% | 13.4% | ||
| Q2 25 | 63.9% | 53.9% | ||
| Q1 25 | 33.8% | 7.6% | ||
| Q4 24 | 50.1% | 27.6% | ||
| Q3 24 | 19.0% | 8.9% | ||
| Q2 24 | 11.9% | 30.6% | ||
| Q1 24 | 15.1% | 2.8% |
净利率AHHUE
| Q4 25 | 3.1% | 10.4% | ||
| Q3 25 | 0.3% | 12.4% | ||
| Q2 25 | 18.6% | 50.8% | ||
| Q1 25 | -6.0% | 6.9% | ||
| Q4 24 | 31.2% | 25.9% | ||
| Q3 24 | -4.4% | 8.1% | ||
| Q2 24 | 2.7% | 28.9% | ||
| Q1 24 | 11.1% | 2.4% |
每股收益（稀释后）AHHUE
| Q4 25 | $0.00 | $0.09 | ||
| Q3 25 | $-0.04 | $0.12 | ||
| Q2 25 | $0.04 | $0.46 | ||
| Q1 25 | $-0.07 | $0.07 | ||
| Q4 24 | $0.28 | $0.25 | ||
| Q3 24 | $-0.11 | $0.07 | ||
| Q2 24 | $0.00 | $0.26 | ||
| Q1 24 | $0.17 | $0.02 |
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 | $48.9M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $627.8M | $1.4B |
| 总资产 | $2.6B | $3.3B |
| 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AHHUE
| Q4 25 | $49.1M | $48.9M | ||
| Q3 25 | $46.5M | $77.8M | ||
| Q2 25 | $52.1M | $53.0M | ||
| Q1 25 | $45.7M | $48.0M | ||
| Q4 24 | $31.9M | $41.4M | ||
| Q3 24 | $43.9M | $67.9M | ||
| Q2 24 | $20.3M | $78.6M | ||
| Q1 24 | $41.9M | $67.3M |
总债务AHHUE
| 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AHHUE
| Q4 25 | $627.8M | $1.4B | ||
| Q3 25 | $638.8M | $1.4B | ||
| Q2 25 | $652.0M | $1.4B | ||
| Q1 25 | $657.4M | $1.4B | ||
| Q4 24 | $670.6M | $1.4B | ||
| Q3 24 | $663.9M | $1.3B | ||
| Q2 24 | $562.7M | $1.3B | ||
| Q1 24 | $571.4M | $1.2B |
总资产AHHUE
| Q4 25 | $2.6B | $3.3B | ||
| Q3 25 | $2.6B | $3.3B | ||
| Q2 25 | $2.6B | $3.3B | ||
| Q1 25 | $2.5B | $3.3B | ||
| Q4 24 | $2.5B | $3.3B | ||
| Q3 24 | $2.6B | $3.2B | ||
| Q2 24 | $2.6B | $3.2B | ||
| Q1 24 | $2.6B | $3.2B |
负债/权益比AHHUE
| 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 | — | $51.0M |
| 自由现金流经营现金流 - 资本支出 | — | $24.2M |
| 自由现金流率自由现金流/营收 | — | 20.2% |
| 资本支出强度资本支出/营收 | — | 22.4% |
| 现金转化率经营现金流/净利润 | — | 4.10× |
| 过去12个月自由现金流最近4个季度 | — | $81.8M |
8季度趋势，按日历期对齐
经营现金流AHHUE
| Q4 25 | — | $51.0M | ||
| Q3 25 | $26.3M | $55.7M | ||
| Q2 25 | $11.1M | $43.5M | ||
| Q1 25 | $107.0K | $32.6M | ||
| Q4 24 | $20.8M | $52.4M | ||
| Q3 24 | $27.3M | $36.6M | ||
| Q2 24 | $17.4M | $41.2M | ||
| Q1 24 | $46.5M | $22.9M |
自由现金流AHHUE
| Q4 25 | — | $24.2M | ||
| Q3 25 | — | $26.1M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $19.9M | ||
| Q1 24 | — | $2.7M |
自由现金流率AHHUE
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 18.6% | ||
| Q1 24 | — | 2.5% |
资本支出强度AHHUE
| Q4 25 | — | 22.4% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 20.9% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 20.1% | ||
| Q1 24 | — | 18.4% |
现金转化率AHHUE
| Q4 25 | — | 4.10× | ||
| Q3 25 | 328.63× | 3.73× | ||
| Q2 25 | 1.87× | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | 0.89× | 1.74× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | 5.48× | 1.34× | ||
| Q1 24 | 3.30× | 8.81× |
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% |
UE
暂无分部数据
