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Alexandria Real Estate Equities（ARE）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是Alexandria Real Estate Equities的1.2倍（$828.2M vs $671.0M），Alexandria Real Estate Equities净利率更高（59.4% vs 13.2%，领先46.2%），Rithm Capital Corp.同比增速更快（508.5% vs -11.5%），过去两年Alexandria Real Estate Equities的营收复合增速更高（-6.4% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
ARE vs RITM — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $671.0M | $828.2M |
| 净利润 | $398.4M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | — | 29.9% |
| 净利率 | 59.4% | 13.2% |
| 营收同比 | -11.5% | 508.5% |
| 净利润同比 | 740.6% | 27.7% |
| 每股收益（稀释后） | $2.10 | $0.12 |
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 | $828.2M | ||
| Q4 25 | $754.4M | $1.5B | ||
| Q3 25 | $751.9M | $1.1B | ||
| Q2 25 | $762.0M | $1.2B | ||
| Q1 25 | $758.2M | $768.4M | ||
| Q4 24 | $788.9M | $2.1B | ||
| Q3 24 | $791.6M | $619.5M | ||
| Q2 24 | $766.7M | $1.2B |
| Q1 26 | $398.4M | $109.5M | ||
| Q4 25 | $-1.1B | $85.0M | ||
| Q3 25 | $-232.8M | $221.5M | ||
| Q2 25 | $-107.0M | $311.7M | ||
| Q1 25 | $-8.9M | $78.8M | ||
| Q4 24 | $-62.2M | $290.2M | ||
| Q3 24 | $167.9M | $121.7M | ||
| Q2 24 | $46.7M | $235.6M |
| Q1 26 | — | 29.9% | ||
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 23.6% |
| Q1 26 | 59.4% | 13.2% | ||
| Q4 25 | -143.3% | 5.7% | ||
| Q3 25 | -31.0% | 20.0% | ||
| Q2 25 | -14.0% | 25.6% | ||
| Q1 25 | -1.2% | 10.3% | ||
| Q4 24 | -7.9% | 14.0% | ||
| Q3 24 | 21.2% | 19.7% | ||
| Q2 24 | 6.1% | 19.2% |
| Q1 26 | $2.10 | $0.12 | ||
| Q4 25 | $-6.35 | $0.09 | ||
| Q3 25 | $-1.38 | $0.35 | ||
| Q2 25 | $-0.64 | $0.53 | ||
| Q1 25 | $-0.07 | $0.07 | ||
| Q4 24 | $-0.38 | $0.50 | ||
| Q3 24 | $0.96 | $0.20 | ||
| Q2 24 | $0.25 | $0.43 |
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 | — | — |
| 股东权益账面价值 | $19.4B | $9.1B |
| 总资产 | $34.2B | $53.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $1.8B | ||
| Q3 25 | $579.5M | $1.6B | ||
| Q2 25 | $520.5M | $1.6B | ||
| Q1 25 | $476.4M | $1.5B | ||
| Q4 24 | $552.1M | $1.5B | ||
| Q3 24 | $562.6M | $1.6B | ||
| Q2 24 | $561.0M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | $35.4B | ||
| Q3 25 | $13.6B | $32.2B | ||
| Q2 25 | $13.3B | $31.2B | ||
| Q1 25 | $13.1B | $32.2B | ||
| Q4 24 | $12.2B | $32.6B | ||
| Q3 24 | $12.7B | $29.6B | ||
| Q2 24 | $12.4B | $30.1B |
| Q1 26 | $19.4B | $9.1B | ||
| Q4 25 | $15.5B | $8.4B | ||
| Q3 25 | $16.6B | $8.5B | ||
| Q2 25 | $17.2B | $7.9B | ||
| Q1 25 | $17.5B | $7.8B | ||
| Q4 24 | $17.9B | $7.8B | ||
| Q3 24 | $18.2B | $7.7B | ||
| Q2 24 | $18.3B | $7.3B |
| Q1 26 | $34.2B | $53.4B | ||
| Q4 25 | $34.1B | $53.1B | ||
| Q3 25 | $37.4B | $47.2B | ||
| Q2 25 | $37.6B | $44.3B | ||
| Q1 25 | $37.6B | $45.3B | ||
| Q4 24 | $37.5B | $46.0B | ||
| Q3 24 | $38.5B | $42.3B | ||
| Q2 24 | $37.8B | $42.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 4.20× | ||
| Q3 25 | 0.82× | 3.79× | ||
| Q2 25 | 0.77× | 3.92× | ||
| Q1 25 | 0.75× | 4.14× | ||
| Q4 24 | 0.68× | 4.18× | ||
| Q3 24 | 0.70× | 3.87× | ||
| Q2 24 | 0.68× | 4.10× |
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 | — | — |
| 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 | 76.0% | — |
| 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
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $-114.6M | ||
| Q3 25 | $433.5M | $-2.0B | ||
| Q2 25 | $460.2M | $-557.1M | ||
| Q1 25 | $207.9M | $1.4B | ||
| Q4 24 | $274.2M | $-1.8B | ||
| Q3 24 | $477.4M | $768.1M | ||
| Q2 24 | $411.8M | $-55.7M |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | -1.35× | ||
| Q3 25 | — | -9.22× | ||
| Q2 25 | — | -1.79× | ||
| Q1 25 | — | 18.03× | ||
| Q4 24 | — | -6.04× | ||
| Q3 24 | 2.84× | 6.31× | ||
| Q2 24 | 8.82× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
