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ACADIA REALTY TRUST（AKR）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
ACADIA REALTY TRUST的季度营收约是RE/MAX Holdings, Inc.的1.4倍（$103.0M vs $71.1M），ACADIA REALTY TRUST净利率更高（135.1% vs 2.0%，领先133.0%），ACADIA REALTY TRUST同比增速更快（-1.3% vs -1.8%），过去两年ACADIA REALTY TRUST的营收复合增速更高（7.0% vs -4.7%）
阿卡迪亚房地产信托是一家上市房地产投资信托，专注于持有、运营及重新开发优质零售与混合用途物业，主要布局美国人口稠密、准入门槛高的市场，投资组合涵盖社区购物中心、城市临街零售资产及民生导向混合用途项目。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
AKR vs RMAX — 直观对比
营收规模更大
AKR
是对方的1.4倍
$71.1M
营收增速更快
AKR
高出0.5%
-1.8%
净利率更高
AKR
高出133.0%
2.0%
两年增速更快
AKR
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $103.0M | $71.1M |
| 净利润 | $139.1M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | 153.9% | 13.1% |
| 净利率 | 135.1% | 2.0% |
| 营收同比 | -1.3% | -1.8% |
| 净利润同比 | -58.2% | -75.2% |
| 每股收益（稀释后） | — | — |
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AKRRMAX
| Q1 26 | $103.0M | — | ||
| Q4 25 | — | $71.1M | ||
| Q3 25 | — | $73.2M | ||
| Q2 25 | — | $72.8M | ||
| Q1 25 | — | $74.5M | ||
| Q4 24 | $93.3M | $72.5M | ||
| Q3 24 | $87.7M | $78.5M | ||
| Q2 24 | $87.3M | $78.5M |
净利润AKRRMAX
| Q1 26 | $139.1M | — | ||
| Q4 25 | — | $1.4M | ||
| Q3 25 | — | $4.0M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | $1.2M | $5.8M | ||
| Q3 24 | $12.3M | $966.0K | ||
| Q2 24 | $1.6M | $3.7M |
营业利润率AKRRMAX
| Q1 26 | 153.9% | — | ||
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | — | 19.3% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | 17.5% | 5.9% | ||
| Q3 24 | 19.9% | 19.4% | ||
| Q2 24 | 20.4% | 20.6% |
净利率AKRRMAX
| Q1 26 | 135.1% | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | -2.6% | ||
| Q4 24 | 1.2% | 8.0% | ||
| Q3 24 | 14.0% | 1.2% | ||
| Q2 24 | 1.8% | 4.7% |
每股收益（稀释后）AKRRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0.08 | — | ||
| Q3 24 | $0.07 | — | ||
| Q2 24 | $0.01 | — |
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 | $31.4M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $2.6B | $452.4M |
| 总资产 | $4.5B | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资AKRRMAX
| Q1 26 | $31.4M | — | ||
| Q4 25 | — | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | $16.8M | $96.6M | ||
| Q3 24 | $46.2M | $83.8M | ||
| Q2 24 | $31.9M | $66.1M |
总债务AKRRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $1.5B | $436.2M | ||
| Q3 24 | $1.6B | $437.2M | ||
| Q2 24 | $1.7B | $438.1M |
股东权益AKRRMAX
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $452.4M | ||
| Q3 25 | — | $448.1M | ||
| Q2 25 | — | $442.4M | ||
| Q1 25 | — | $433.5M | ||
| Q4 24 | $2.1B | $429.5M | ||
| Q3 24 | $1.9B | $423.1M | ||
| Q2 24 | $1.8B | $418.4M |
总资产AKRRMAX
| Q1 26 | $4.5B | — | ||
| Q4 25 | — | $582.5M | ||
| Q3 25 | — | $582.2M | ||
| Q2 25 | — | $574.8M | ||
| Q1 25 | — | $571.4M | ||
| Q4 24 | $4.4B | $581.6M | ||
| Q3 24 | $4.3B | $578.6M | ||
| Q2 24 | $4.3B | $571.4M |
负债/权益比AKRRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | 0.74× | 1.02× | ||
| Q3 24 | 0.82× | 1.03× | ||
| Q2 24 | 0.95× | 1.05× |
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 | — | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | 1.7% | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流AKRRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | $40.9M | ||
| Q3 25 | — | $17.7M | ||
| Q2 25 | — | $4.6M | ||
| Q1 25 | — | $5.7M | ||
| Q4 24 | $140.4M | $59.7M | ||
| Q3 24 | $44.6M | $17.6M | ||
| Q2 24 | $32.0M | $15.9M |
自由现金流AKRRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M |
自由现金流率AKRRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% |
资本支出强度AKRRMAX
| Q1 26 | 1.7% | — | ||
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% |
现金转化率AKRRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | 121.08× | 10.28× | ||
| Q3 24 | 3.64× | 18.22× | ||
| Q2 24 | 20.25× | 4.29× |
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
AKR
| Rental | $98.6M | 96% |
| Other | $4.4M | 4% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
