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American Healthcare REIT, Inc.（AHR）与Gaming & Leisure Properties, Inc.（GLPI）财务数据对比。点击上方公司名可切换其他公司
American Healthcare REIT, Inc.的季度营收约是Gaming & Leisure Properties, Inc.的1.3倍（$564.0M vs $420.0M）。Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 1.9%，领先55.1%）。American Healthcare REIT, Inc.同比增速更快（13.5% vs 6.3%）。过去两年American Healthcare REIT, Inc.的营收复合增速更高（11.7% vs 5.0%）
本公司是一家国际医疗房地产投资信托基金（REIT），总部位于美国阿拉巴马州伯明翰，主要在美国及欧洲地区收购、投资医疗机构与营利性医疗控股企业，物业收购多采用售后回租模式，租户通常签署长期三净租约。
博彩与休闲地产公司（GLPI）是一家专注于赌场物业的房地产投资信托（REIT），总部位于宾夕法尼亚州怀奥米辛。公司于2013年11月从宾州国民娱乐分拆成立，目前持有62处赌场物业，全部对外出租给其他企业运营。
AHR vs GLPI — 直观对比
营收规模更大
AHR
是对方的1.3倍
$420.0M
营收增速更快
AHR
高出7.2%
6.3%
净利率更高
GLPI
高出55.1%
1.9%
两年增速更快
AHR
近两年复合增速
5.0%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $564.0M | $420.0M |
| 净利润 | $10.8M | $239.4M |
| 毛利率 | 14.8% | — |
| 营业利润率 | 19.8% | 79.4% |
| 净利率 | 1.9% | 57.0% |
| 营收同比 | 13.5% | 6.3% |
| 净利润同比 | 133.9% | 40.5% |
| 每股收益（稀释后） | $0.07 | — |
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AHRGLPI
| Q1 26 | — | $420.0M | ||
| Q4 25 | $564.0M | $407.0M | ||
| Q3 25 | $532.1M | $397.6M | ||
| Q2 25 | $501.3M | $394.9M | ||
| Q1 25 | $497.2M | $395.2M | ||
| Q4 24 | $496.8M | $389.6M | ||
| Q3 24 | $476.8M | $385.3M | ||
| Q2 24 | $458.0M | $380.6M |
净利润AHRGLPI
| Q1 26 | — | $239.4M | ||
| Q4 25 | $10.8M | $267.3M | ||
| Q3 25 | $55.9M | $241.2M | ||
| Q2 25 | $9.9M | $151.4M | ||
| Q1 25 | $-6.8M | $165.2M | ||
| Q4 24 | $-31.8M | $217.2M | ||
| Q3 24 | $-4.1M | $184.7M | ||
| Q2 24 | $2.0M | $208.3M |
毛利率AHRGLPI
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 12.5% | — | ||
| Q2 24 | 12.1% | — |
营业利润率AHRGLPI
| Q1 26 | — | 79.4% | ||
| Q4 25 | 19.8% | 89.3% | ||
| Q3 25 | 19.9% | 84.8% | ||
| Q2 25 | 20.6% | 61.3% | ||
| Q1 25 | 19.0% | 65.5% | ||
| Q4 24 | 20.0% | 79.1% | ||
| Q3 24 | 19.6% | 70.4% | ||
| Q2 24 | 19.4% | 77.1% |
净利率AHRGLPI
| Q1 26 | — | 57.0% | ||
| Q4 25 | 1.9% | 65.7% | ||
| Q3 25 | 10.5% | 60.7% | ||
| Q2 25 | 2.0% | 38.4% | ||
| Q1 25 | -1.4% | 41.8% | ||
| Q4 24 | -6.4% | 55.8% | ||
| Q3 24 | -0.9% | 47.9% | ||
| Q2 24 | 0.4% | 54.7% |
每股收益（稀释后）AHRGLPI
| Q1 26 | — | — | ||
| Q4 25 | $0.07 | $0.96 | ||
| Q3 25 | $0.33 | $0.85 | ||
| Q2 25 | $0.06 | $0.54 | ||
| Q1 25 | $-0.04 | $0.60 | ||
| Q4 24 | $-0.23 | $0.79 | ||
| Q3 24 | $-0.03 | $0.67 | ||
| Q2 24 | $0.01 | $0.77 |
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 | $114.8M | $274.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3B | $5.0B |
| 总资产 | $5.4B | $13.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AHRGLPI
| Q1 26 | — | $274.5M | ||
| Q4 25 | $114.8M | — | ||
| Q3 25 | $147.4M | — | ||
| Q2 25 | $133.5M | — | ||
| Q1 25 | $86.1M | — | ||
| Q4 24 | $76.7M | $560.8M | ||
| Q3 24 | $67.8M | $554.1M | ||
| Q2 24 | $52.1M | $347.8M |
总债务AHRGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
股东权益AHRGLPI
| Q1 26 | — | $5.0B | ||
| Q4 25 | $3.3B | $4.6B | ||
| Q3 25 | $2.7B | $4.6B | ||
| Q2 25 | $2.4B | $4.6B | ||
| Q1 25 | $2.3B | $4.2B | ||
| Q4 24 | $2.3B | $4.3B | ||
| Q3 24 | $2.2B | $4.3B | ||
| Q2 24 | $1.9B | $4.1B |
总资产AHRGLPI
| Q1 26 | — | $13.8B | ||
| Q4 25 | $5.4B | $12.9B | ||
| Q3 25 | $4.8B | $12.8B | ||
| Q2 25 | $4.5B | $12.5B | ||
| Q1 25 | $4.5B | $12.1B | ||
| Q4 24 | $4.5B | $13.1B | ||
| Q3 24 | $4.7B | $12.7B | ||
| Q2 24 | $4.6B | $11.8B |
负债/权益比AHRGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.60× |
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 | $55.2M | — |
| 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 | 5.12× | — |
| 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AHRGLPI
| Q1 26 | — | — | ||
| Q4 25 | $55.2M | $343.2M | ||
| Q3 25 | $107.2M | $240.3M | ||
| Q2 25 | $71.5M | $293.4M | ||
| Q1 25 | $60.6M | $252.5M | ||
| Q4 24 | $59.5M | $292.4M | ||
| Q3 24 | $63.1M | $270.4M | ||
| Q2 24 | $59.4M | $252.1M |
自由现金流AHRGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $183.0M | ||
| Q2 25 | — | $272.3M | ||
| Q1 25 | — | $239.6M | ||
| Q4 24 | — | $276.6M | ||
| Q3 24 | — | $261.5M | ||
| Q2 24 | — | $245.0M |
自由现金流率AHRGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 69.0% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 71.0% | ||
| Q3 24 | — | 67.9% | ||
| Q2 24 | — | 64.4% |
资本支出强度AHRGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 14.4% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 1.9% |
现金转化率AHRGLPI
| Q1 26 | — | — | ||
| Q4 25 | 5.12× | 1.28× | ||
| Q3 25 | 1.92× | 1.00× | ||
| Q2 25 | 7.21× | 1.94× | ||
| Q1 25 | — | 1.53× | ||
| Q4 24 | — | 1.35× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | 30.02× | 1.21× |
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
AHR
| Integrated Senior Health Campuses | $467.0M | 83% |
| SHOP | $97.0M | 17% |
GLPI
暂无分部数据
