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Alexandria Real Estate Equities（ARE）与Star Holdings（STHO）财务数据对比。点击上方公司名可切换其他公司
Alexandria Real Estate Equities的季度营收约是Star Holdings的29.8倍（$754.4M vs $25.4M）。Star Holdings净利率更高（-75.5% vs -143.3%，领先67.8%）。Alexandria Real Estate Equities同比增速更快（-4.4% vs -22.6%）。过去两年Star Holdings的营收复合增速更高（-0.2% vs -1.0%）
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。
蓝星有限公司是一家印度跨国家电企业，总部位于孟买，主营空调、商用制冷以及机电工程业务，是印度本土市场规模第二大的空调领域本土企业。
ARE vs STHO — 直观对比
营收规模更大
ARE
是对方的29.8倍
$25.4M
营收增速更快
ARE
高出18.2%
-22.6%
净利率更高
STHO
高出67.8%
-143.3%
两年增速更快
STHO
近两年复合增速
-1.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $754.4M | $25.4M |
| 净利润 | $-1.1B | $-19.1M |
| 毛利率 | — | — |
| 营业利润率 | — | -91.7% |
| 净利率 | -143.3% | -75.5% |
| 营收同比 | -4.4% | -22.6% |
| 净利润同比 | -1636.5% | 81.3% |
| 每股收益（稀释后） | $-6.35 | $-1.52 |
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ARESTHO
| Q4 25 | $754.4M | $25.4M | ||
| Q3 25 | $751.9M | $28.1M | ||
| Q2 25 | $762.0M | $42.1M | ||
| Q1 25 | $758.2M | $14.6M | ||
| Q4 24 | $788.9M | $32.8M | ||
| Q3 24 | $791.6M | $24.6M | ||
| Q2 24 | $766.7M | $30.6M | ||
| Q1 24 | $769.1M | $25.4M |
净利润ARESTHO
| Q4 25 | $-1.1B | $-19.1M | ||
| Q3 25 | $-232.8M | $1.8M | ||
| Q2 25 | $-107.0M | $-39.3M | ||
| Q1 25 | $-8.9M | $-7.6M | ||
| Q4 24 | $-62.2M | $-102.6M | ||
| Q3 24 | $167.9M | $91.9M | ||
| Q2 24 | $46.7M | $-27.1M | ||
| Q1 24 | $170.5M | $-49.0M |
营业利润率ARESTHO
| Q4 25 | — | -91.7% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | -94.5% | ||
| Q1 25 | — | -55.0% | ||
| Q4 24 | — | -314.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -91.5% | ||
| Q1 24 | — | -192.6% |
净利率ARESTHO
| Q4 25 | -143.3% | -75.5% | ||
| Q3 25 | -31.0% | 6.4% | ||
| Q2 25 | -14.0% | -93.5% | ||
| Q1 25 | -1.2% | -52.0% | ||
| Q4 24 | -7.9% | -313.1% | ||
| Q3 24 | 21.2% | 374.3% | ||
| Q2 24 | 6.1% | -88.8% | ||
| Q1 24 | 22.2% | -192.6% |
每股收益（稀释后）ARESTHO
| Q4 25 | $-6.35 | $-1.52 | ||
| Q3 25 | $-1.38 | $0.14 | ||
| Q2 25 | $-0.64 | $-2.95 | ||
| Q1 25 | $-0.07 | $-0.57 | ||
| Q4 24 | $-0.38 | $-7.69 | ||
| Q3 24 | $0.96 | $6.90 | ||
| Q2 24 | $0.25 | $-2.04 | ||
| Q1 24 | $0.97 | $-3.68 |
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 | $549.1M | $50.1M |
| 总债务越低越好 | $12.4B | $268.7M |
| 股东权益账面价值 | $15.5B | $251.8M |
| 总资产 | $34.1B | $570.2M |
| 负债/权益比越低杠杆越低 | 0.80× | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资ARESTHO
| Q4 25 | $549.1M | $50.1M | ||
| Q3 25 | $579.5M | $40.6M | ||
| Q2 25 | $520.5M | $44.2M | ||
| Q1 25 | $476.4M | $30.3M | ||
| Q4 24 | $552.1M | $35.0M | ||
| Q3 24 | $562.6M | $45.0M | ||
| Q2 24 | $561.0M | $48.3M | ||
| Q1 24 | $722.2M | $45.7M |
总债务ARESTHO
| Q4 25 | $12.4B | $268.7M | ||
| Q3 25 | $13.6B | $259.3M | ||
| Q2 25 | $13.3B | $245.4M | ||
| Q1 25 | $13.1B | $231.5M | ||
| Q4 24 | $12.2B | $217.3M | ||
| Q3 24 | $12.7B | $201.2M | ||
| Q2 24 | $12.4B | $197.2M | ||
| Q1 24 | $12.2B | $195.0M |
股东权益ARESTHO
| Q4 25 | $15.5B | $251.8M | ||
| Q3 25 | $16.6B | $275.4M | ||
| Q2 25 | $17.2B | $276.1M | ||
| Q1 25 | $17.5B | $316.1M | ||
| Q4 24 | $17.9B | $324.3M | ||
| Q3 24 | $18.2B | $427.5M | ||
| Q2 24 | $18.3B | $335.3M | ||
| Q1 24 | $18.4B | $362.4M |
总资产ARESTHO
| Q4 25 | $34.1B | $570.2M | ||
| Q3 25 | $37.4B | $595.9M | ||
| Q2 25 | $37.6B | $589.9M | ||
| Q1 25 | $37.6B | $618.2M | ||
| Q4 24 | $37.5B | $608.7M | ||
| Q3 24 | $38.5B | $696.5M | ||
| Q2 24 | $37.8B | $601.0M | ||
| Q1 24 | $37.7B | $622.9M |
负债/权益比ARESTHO
| Q4 25 | 0.80× | 1.07× | ||
| Q3 25 | 0.82× | 0.94× | ||
| Q2 25 | 0.77× | 0.89× | ||
| Q1 25 | 0.75× | 0.73× | ||
| Q4 24 | 0.68× | 0.67× | ||
| Q3 24 | 0.70× | 0.47× | ||
| Q2 24 | 0.68× | 0.59× | ||
| Q1 24 | 0.66× | 0.54× |
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 | $312.4M | $-8.0M |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 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ARESTHO
| Q4 25 | $312.4M | $-8.0M | ||
| Q3 25 | $433.5M | $5.3M | ||
| Q2 25 | $460.2M | $-2.6M | ||
| Q1 25 | $207.9M | $-6.3M | ||
| Q4 24 | $274.2M | $-6.9M | ||
| Q3 24 | $477.4M | $-3.8M | ||
| Q2 24 | $411.8M | $-6.4M | ||
| Q1 24 | $341.2M | $-14.2M |
现金转化率ARESTHO
| Q4 25 | — | — | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.84× | -0.04× | ||
| Q2 24 | 8.82× | — | ||
| Q1 24 | 2.00× | — |
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
| Reportable Segment Aggregation Before Other Operating Segment | $707.2M | 94% |
| Other | $21.7M | 3% |
STHO
| Land Development | $13.0M | 51% |
| Other Income Revenue | $9.3M | 37% |
| Operating Lease Income | $2.0M | 8% |
| Interest Income Revenue | $1.2M | 5% |
