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American Homes 4 Rent（AMH）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 Homes 4 Rent的季度营收约是Gaming & Leisure Properties, Inc.的1.1倍（$455.0M vs $420.0M）。Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 31.7%，领先25.3%）。Gaming & Leisure Properties, Inc.同比增速更快（6.3% vs 4.2%）。过去两年Gaming & Leisure Properties, Inc.的营收复合增速更高（5.0% vs 3.6%）
AMH（American Homes 4 Rent）是总部位于美国内华达州拉斯维加斯的住宅房地产投资信托基金，主打单户住宅租赁业务。截至2019年12月31日，公司在全美22个州共持有52552套住宅，资产主要集中在亚特兰大、达拉斯-沃斯堡及北卡罗来纳州夏洛特地区。
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。
AMH vs GLPI — 直观对比
营收规模更大
AMH
是对方的1.1倍
$420.0M
营收增速更快
GLPI
高出2.1%
4.2%
净利率更高
GLPI
高出25.3%
31.7%
两年增速更快
GLPI
近两年复合增速
3.6%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $420.0M |
| 净利润 | $144.3M | $239.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 79.4% |
| 净利率 | 31.7% | 57.0% |
| 营收同比 | 4.2% | 6.3% |
| 净利润同比 | 0.3% | 40.5% |
| 每股收益（稀释后） | $0.33 | — |
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AMHGLPI
| Q1 26 | — | $420.0M | ||
| Q4 25 | $455.0M | $407.0M | ||
| Q3 25 | $478.5M | $397.6M | ||
| Q2 25 | $457.5M | $394.9M | ||
| Q1 25 | $459.3M | $395.2M | ||
| Q4 24 | $436.6M | $389.6M | ||
| Q3 24 | $445.1M | $385.3M | ||
| Q2 24 | $423.5M | $380.6M |
净利润AMHGLPI
| Q1 26 | — | $239.4M | ||
| Q4 25 | $144.3M | $267.3M | ||
| Q3 25 | $116.8M | $241.2M | ||
| Q2 25 | $123.6M | $151.4M | ||
| Q1 25 | $128.7M | $165.2M | ||
| Q4 24 | $143.9M | $217.2M | ||
| Q3 24 | $87.6M | $184.7M | ||
| Q2 24 | $108.5M | $208.3M |
营业利润率AMHGLPI
| Q1 26 | — | 79.4% | ||
| Q4 25 | — | 89.3% | ||
| Q3 25 | — | 84.8% | ||
| Q2 25 | — | 61.3% | ||
| Q1 25 | — | 65.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.4% | ||
| Q2 24 | — | 77.1% |
净利率AMHGLPI
| Q1 26 | — | 57.0% | ||
| Q4 25 | 31.7% | 65.7% | ||
| Q3 25 | 24.4% | 60.7% | ||
| Q2 25 | 27.0% | 38.4% | ||
| Q1 25 | 28.0% | 41.8% | ||
| Q4 24 | 33.0% | 55.8% | ||
| Q3 24 | 19.7% | 47.9% | ||
| Q2 24 | 25.6% | 54.7% |
每股收益（稀释后）AMHGLPI
| Q1 26 | — | — | ||
| Q4 25 | $0.33 | $0.96 | ||
| Q3 25 | $0.27 | $0.85 | ||
| Q2 25 | $0.28 | $0.54 | ||
| Q1 25 | $0.30 | $0.60 | ||
| Q4 24 | $0.33 | $0.79 | ||
| Q3 24 | $0.20 | $0.67 | ||
| Q2 24 | $0.25 | $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 | $108.5M | $274.5M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $5.0B |
| 总资产 | $13.2B | $13.8B |
| 负债/权益比越低杠杆越低 | 0.72× | — |
8季度趋势，按日历期对齐
现金及短期投资AMHGLPI
| Q1 26 | — | $274.5M | ||
| Q4 25 | $108.5M | — | ||
| Q3 25 | $45.6M | — | ||
| Q2 25 | $323.3M | — | ||
| Q1 25 | $69.7M | — | ||
| Q4 24 | $199.4M | $560.8M | ||
| Q3 24 | $162.5M | $554.1M | ||
| Q2 24 | $718.4M | $347.8M |
总债务AMHGLPI
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $7.2B | ||
| Q3 25 | $4.8B | $7.2B | ||
| Q2 25 | $5.2B | $6.9B | ||
| Q1 25 | $4.9B | $6.9B | ||
| Q4 24 | $5.0B | $7.7B | ||
| Q3 24 | $4.5B | $7.4B | ||
| Q2 24 | $5.0B | $6.6B |
股东权益AMHGLPI
| Q1 26 | — | $5.0B | ||
| Q4 25 | $7.0B | $4.6B | ||
| Q3 25 | $7.2B | $4.6B | ||
| Q2 25 | $7.2B | $4.6B | ||
| Q1 25 | $7.2B | $4.2B | ||
| Q4 24 | $7.2B | $4.3B | ||
| Q3 24 | $7.0B | $4.3B | ||
| Q2 24 | $7.0B | $4.1B |
总资产AMHGLPI
| Q1 26 | — | $13.8B | ||
| Q4 25 | $13.2B | $12.9B | ||
| Q3 25 | $13.3B | $12.8B | ||
| Q2 25 | $13.6B | $12.5B | ||
| Q1 25 | $13.3B | $12.1B | ||
| Q4 24 | $13.4B | $13.1B | ||
| Q3 24 | $12.8B | $12.7B | ||
| Q2 24 | $13.3B | $11.8B |
负债/权益比AMHGLPI
| Q1 26 | — | — | ||
| Q4 25 | 0.72× | 1.56× | ||
| Q3 25 | 0.68× | 1.57× | ||
| Q2 25 | 0.72× | 1.51× | ||
| Q1 25 | 0.69× | 1.63× | ||
| Q4 24 | 0.70× | 1.81× | ||
| Q3 24 | 0.64× | 1.74× | ||
| Q2 24 | 0.71× | 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 | $145.8M | — |
| 自由现金流经营现金流 - 资本支出 | $135.5M | — |
| 自由现金流率自由现金流/营收 | 29.8% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | 1.01× | — |
| 过去12个月自由现金流最近4个季度 | $823.7M | — |
8季度趋势，按日历期对齐
经营现金流AMHGLPI
| Q1 26 | — | — | ||
| Q4 25 | $145.8M | $343.2M | ||
| Q3 25 | $223.3M | $240.3M | ||
| Q2 25 | $271.9M | $293.4M | ||
| Q1 25 | $223.4M | $252.5M | ||
| Q4 24 | $102.2M | $292.4M | ||
| Q3 24 | $233.6M | $270.4M | ||
| Q2 24 | $274.0M | $252.1M |
自由现金流AMHGLPI
| Q1 26 | — | — | ||
| Q4 25 | $135.5M | — | ||
| Q3 25 | $214.5M | $183.0M | ||
| Q2 25 | $257.7M | $272.3M | ||
| Q1 25 | $215.9M | $239.6M | ||
| Q4 24 | $97.9M | $276.6M | ||
| Q3 24 | $225.3M | $261.5M | ||
| Q2 24 | $263.3M | $245.0M |
自由现金流率AMHGLPI
| Q1 26 | — | — | ||
| Q4 25 | 29.8% | — | ||
| Q3 25 | 44.8% | 46.0% | ||
| Q2 25 | 56.3% | 69.0% | ||
| Q1 25 | 47.0% | 60.6% | ||
| Q4 24 | 22.4% | 71.0% | ||
| Q3 24 | 50.6% | 67.9% | ||
| Q2 24 | 62.2% | 64.4% |
资本支出强度AMHGLPI
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | — | ||
| Q3 25 | 1.8% | 14.4% | ||
| Q2 25 | 3.1% | 5.3% | ||
| Q1 25 | 1.6% | 3.3% | ||
| Q4 24 | 1.0% | 4.1% | ||
| Q3 24 | 1.9% | 2.3% | ||
| Q2 24 | 2.5% | 1.9% |
现金转化率AMHGLPI
| Q1 26 | — | — | ||
| Q4 25 | 1.01× | 1.28× | ||
| Q3 25 | 1.91× | 1.00× | ||
| Q2 25 | 2.20× | 1.94× | ||
| Q1 25 | 1.74× | 1.53× | ||
| Q4 24 | 0.71× | 1.35× | ||
| Q3 24 | 2.67× | 1.46× | ||
| Q2 24 | 2.52× | 1.21× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
