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Alexandria Real Estate Equities（ARE）与PORTLAND GENERAL ELECTRIC CO（POR）财务数据对比。点击上方公司名可切换其他公司
PORTLAND GENERAL ELECTRIC CO的季度营收约是Alexandria Real Estate Equities的1.3倍（$889.0M vs $671.0M），Alexandria Real Estate Equities净利率更高（59.4% vs 4.6%，领先54.8%），PORTLAND GENERAL ELECTRIC CO同比增速更快（7.9% vs -11.5%），过去两年PORTLAND GENERAL ELECTRIC CO的营收复合增速更高（-2.2% vs -6.4%）
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。
波特兰通用电气（简称PGE）是财富1000强上市能源企业，总部位于美国俄勒冈州波特兰，业务覆盖发电、输电、配电全链路，为俄勒冈州近三分之二的工商业活动提供电力服务，受俄勒冈州公用事业委员会监管，前身为1888年成立的威拉米特瀑布电气公司。
ARE vs POR — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $671.0M | $889.0M |
| 净利润 | $398.4M | $41.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 10.7% |
| 净利率 | 59.4% | 4.6% |
| 营收同比 | -11.5% | 7.9% |
| 净利润同比 | 740.6% | 7.9% |
| 每股收益（稀释后） | $2.10 | $0.36 |
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
| Q1 26 | $671.0M | — | ||
| Q4 25 | $754.4M | $889.0M | ||
| Q3 25 | $751.9M | $952.0M | ||
| Q2 25 | $762.0M | $807.0M | ||
| Q1 25 | $758.2M | $928.0M | ||
| Q4 24 | $788.9M | $824.0M | ||
| Q3 24 | $791.6M | $929.0M | ||
| Q2 24 | $766.7M | $758.0M |
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $41.0M | ||
| Q3 25 | $-232.8M | $103.0M | ||
| Q2 25 | $-107.0M | $62.0M | ||
| Q1 25 | $-8.9M | $100.0M | ||
| Q4 24 | $-62.2M | $38.0M | ||
| Q3 24 | $167.9M | $94.0M | ||
| Q2 24 | $46.7M | $72.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 18.3% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | — | 15.3% |
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 4.6% | ||
| Q3 25 | -31.0% | 10.8% | ||
| Q2 25 | -14.0% | 7.7% | ||
| Q1 25 | -1.2% | 10.8% | ||
| Q4 24 | -7.9% | 4.6% | ||
| Q3 24 | 21.2% | 10.1% | ||
| Q2 24 | 6.1% | 9.5% |
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $0.36 | ||
| Q3 25 | $-1.38 | $0.94 | ||
| Q2 25 | $-0.64 | $0.56 | ||
| Q1 25 | $-0.07 | $0.91 | ||
| Q4 24 | $-0.38 | $0.34 | ||
| Q3 24 | $0.96 | $0.90 | ||
| Q2 24 | $0.25 | $0.69 |
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 | — |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $19.4B | $4.1B |
| 总资产 | $34.2B | $13.2B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | — | ||
| Q3 25 | $579.5M | — | ||
| Q2 25 | $520.5M | — | ||
| Q1 25 | $476.4M | — | ||
| Q4 24 | $552.1M | — | ||
| Q3 24 | $562.6M | — | ||
| Q2 24 | $561.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | $4.7B | ||
| Q3 25 | $13.6B | $4.7B | ||
| Q2 25 | $13.3B | $4.7B | ||
| Q1 25 | $13.1B | $4.7B | ||
| Q4 24 | $12.2B | $4.5B | ||
| Q3 24 | $12.7B | $4.4B | ||
| Q2 24 | $12.4B | $4.4B |
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | $4.1B | ||
| Q3 25 | $16.6B | $4.0B | ||
| Q2 25 | $17.2B | $3.9B | ||
| Q1 25 | $17.5B | $3.8B | ||
| Q4 24 | $17.9B | $3.8B | ||
| Q3 24 | $18.2B | $3.6B | ||
| Q2 24 | $18.3B | $3.5B |
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $13.2B | ||
| Q3 25 | $37.4B | $13.0B | ||
| Q2 25 | $37.6B | $12.7B | ||
| Q1 25 | $37.6B | $12.7B | ||
| Q4 24 | $37.5B | $12.5B | ||
| Q3 24 | $38.5B | $11.9B | ||
| Q2 24 | $37.8B | $11.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 1.13× | ||
| Q3 25 | 0.82× | 1.20× | ||
| Q2 25 | 0.77× | 1.23× | ||
| Q1 25 | 0.75× | 1.23× | ||
| Q4 24 | 0.68× | 1.20× | ||
| Q3 24 | 0.70× | 1.22× | ||
| Q2 24 | 0.68× | 1.27× |
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 | $148.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-142.0M |
| 自由现金流率自由现金流/营收 | — | -16.0% |
| 资本支出强度资本支出/营收 | 76.0% | 32.6% |
| 现金转化率经营现金流/净利润 | 1.19× | 3.61× |
| 过去12个月自由现金流最近4个季度 | — | $-71.0M |
8季度趋势，按日历期对齐
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $148.0M | ||
| Q3 25 | $433.5M | $403.0M | ||
| Q2 25 | $460.2M | $336.0M | ||
| Q1 25 | $207.9M | $231.0M | ||
| Q4 24 | $274.2M | $170.0M | ||
| Q3 24 | $477.4M | $244.0M | ||
| Q2 24 | $411.8M | $189.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-142.0M | ||
| Q3 25 | — | $100.0M | ||
| Q2 25 | — | $99.0M | ||
| Q1 25 | — | $-128.0M | ||
| Q4 24 | — | $-222.0M | ||
| Q3 24 | — | $-9.0M | ||
| Q2 24 | — | $-109.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -16.0% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | -13.8% | ||
| Q4 24 | — | -26.9% | ||
| Q3 24 | — | -1.0% | ||
| Q2 24 | — | -14.4% |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 31.8% | ||
| Q2 25 | — | 29.4% | ||
| Q1 25 | — | 38.7% | ||
| Q4 24 | — | 47.6% | ||
| Q3 24 | — | 27.2% | ||
| Q2 24 | — | 39.3% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 3.61× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | — | 5.42× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | — | 4.47× | ||
| Q3 24 | 2.84× | 2.60× | ||
| Q2 24 | 8.82× | 2.63× |
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% |
POR
| Other | $507.0M | 57% |
| Commercial | $231.0M | 26% |
| Industrial | $140.0M | 16% |
| Direct Accesscustomers | $11.0M | 1% |
