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Alexandria Real Estate Equities（ARE）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是Alexandria Real Estate Equities的1.3倍（$862.2M vs $671.0M），Alexandria Real Estate Equities净利率更高（59.4% vs 7.1%，领先52.3%），美泰同比增速更快（4.3% vs -11.5%），过去两年Alexandria Real Estate Equities的营收复合增速更高（-6.4% vs -10.6%）
Alexandria Real Estate Equities（NYSE:ARE）是标普500成分股中的城市办公类房地产投资信托，作为业内首创、运营经验最丰富的先行企业，专注于在顶级创新集群区域开发、运营生命科学、科技及农业科技协作型产业园区。截至2020年12月末，公司总市值达319亿美元，北美地区资产总面积达4970万平方英尺。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
ARE vs MAT — 直观对比
营收规模更大
MAT
是对方的1.3倍
$671.0M
营收增速更快
MAT
高出15.8%
-11.5%
净利率更高
ARE
高出52.3%
7.1%
两年增速更快
ARE
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $671.0M | $862.2M |
| 净利润 | $398.4M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | — | — |
| 净利率 | 59.4% | 7.1% |
| 营收同比 | -11.5% | 4.3% |
| 净利润同比 | 740.6% | 251.4% |
| 每股收益（稀释后） | $2.10 | $0.20 |
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AREMAT
| Q1 26 | $671.0M | $862.2M | ||
| Q4 25 | $754.4M | $1.8B | ||
| Q3 25 | $751.9M | $1.7B | ||
| Q2 25 | $762.0M | $1.0B | ||
| Q1 25 | $758.2M | $826.6M | ||
| Q4 24 | $788.9M | $1.6B | ||
| Q3 24 | $791.6M | $1.8B | ||
| Q2 24 | $766.7M | $1.1B |
净利润AREMAT
| Q1 26 | $398.4M | $61.0M | ||
| Q4 25 | $-1.1B | $106.2M | ||
| Q3 25 | $-232.8M | $278.4M | ||
| Q2 25 | $-107.0M | $53.4M | ||
| Q1 25 | $-8.9M | $-40.3M | ||
| Q4 24 | $-62.2M | $140.9M | ||
| Q3 24 | $167.9M | $372.4M | ||
| Q2 24 | $46.7M | $56.9M |
毛利率AREMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | — | 53.1% | ||
| Q2 24 | — | 49.2% |
营业利润率AREMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | -6.4% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 7.7% |
净利率AREMAT
| Q1 26 | 59.4% | 7.1% | ||
| Q4 25 | -143.3% | 6.0% | ||
| Q3 25 | -31.0% | 16.0% | ||
| Q2 25 | -14.0% | 5.2% | ||
| Q1 25 | -1.2% | -4.9% | ||
| Q4 24 | -7.9% | 8.6% | ||
| Q3 24 | 21.2% | 20.2% | ||
| Q2 24 | 6.1% | 5.3% |
每股收益（稀释后）AREMAT
| Q1 26 | $2.10 | $0.20 | ||
| Q4 25 | $-6.35 | $0.32 | ||
| Q3 25 | $-1.38 | $0.88 | ||
| Q2 25 | $-0.64 | $0.16 | ||
| Q1 25 | $-0.07 | $-0.12 | ||
| Q4 24 | $-0.38 | $0.40 | ||
| Q3 24 | $0.96 | $1.09 | ||
| Q2 24 | $0.25 | $0.17 |
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 | $418.7M | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $19.4B | $2.1B |
| 总资产 | $34.2B | $6.3B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资AREMAT
| Q1 26 | $418.7M | $866.0M | ||
| Q4 25 | $549.1M | $1.2B | ||
| Q3 25 | $579.5M | $691.9M | ||
| Q2 25 | $520.5M | $870.5M | ||
| Q1 25 | $476.4M | $1.2B | ||
| Q4 24 | $552.1M | $1.4B | ||
| Q3 24 | $562.6M | $723.5M | ||
| Q2 24 | $561.0M | $722.4M |
总债务AREMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $12.4B | $2.3B | ||
| Q3 25 | $13.6B | $2.3B | ||
| Q2 25 | $13.3B | $2.3B | ||
| Q1 25 | $13.1B | $2.3B | ||
| Q4 24 | $12.2B | $2.3B | ||
| Q3 24 | $12.7B | $2.3B | ||
| Q2 24 | $12.4B | $2.3B |
股东权益AREMAT
| Q1 26 | $19.4B | $2.1B | ||
| Q4 25 | $15.5B | $2.2B | ||
| Q3 25 | $16.6B | $2.3B | ||
| Q2 25 | $17.2B | $2.2B | ||
| Q1 25 | $17.5B | $2.1B | ||
| Q4 24 | $17.9B | $2.3B | ||
| Q3 24 | $18.2B | $2.3B | ||
| Q2 24 | $18.3B | $2.0B |
总资产AREMAT
| Q1 26 | $34.2B | $6.3B | ||
| Q4 25 | $34.1B | $6.6B | ||
| Q3 25 | $37.4B | $6.6B | ||
| Q2 25 | $37.6B | $6.2B | ||
| Q1 25 | $37.6B | $6.2B | ||
| Q4 24 | $37.5B | $6.5B | ||
| Q3 24 | $38.5B | $6.5B | ||
| Q2 24 | $37.8B | $5.9B |
负债/权益比AREMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 0.80× | 1.04× | ||
| Q3 25 | 0.82× | 1.03× | ||
| Q2 25 | 0.77× | 1.08× | ||
| Q1 25 | 0.75× | 1.10× | ||
| Q4 24 | 0.68× | 1.03× | ||
| Q3 24 | 0.70× | 1.01× | ||
| Q2 24 | 0.68× | 1.18× |
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 | $475.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | $-88.1M |
| 自由现金流率自由现金流/营收 | — | -10.2% |
| 资本支出强度资本支出/营收 | 76.0% | 7.6% |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 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AREMAT
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $796.6M | ||
| Q3 25 | $433.5M | $72.0M | ||
| Q2 25 | $460.2M | $-300.1M | ||
| Q1 25 | $207.9M | $24.8M | ||
| Q4 24 | $274.2M | $862.1M | ||
| Q3 24 | $477.4M | $155.8M | ||
| Q2 24 | $411.8M | $-252.9M |
自由现金流AREMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率AREMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度AREMAT
| Q1 26 | 76.0% | 7.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率AREMAT
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | -5.62× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | 2.84× | 0.42× | ||
| Q2 24 | 8.82× | -4.45× |
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
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
MAT
暂无分部数据
