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AvalonBay Communities（AVB）与GLADSTONE COMMERCIAL CORP（GOOD）财务数据对比。点击上方公司名可切换其他公司
GLADSTONE COMMERCIAL CORP的季度营收约是AvalonBay Communities的23.7倍（$43.5M vs $1.8M）。AvalonBay Communities净利率更高（9040.6% vs 12.4%，领先9028.2%）。GLADSTONE COMMERCIAL CORP同比增速更快（16.3% vs 5.5%）。过去两年GLADSTONE COMMERCIAL CORP的营收复合增速更高（10.3% vs 1.1%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
格拉德斯通商业公司是一家上市房地产投资信托，主要在美国境内收购、持有及运营多元化的工业与商业地产组合，面向制造、物流、医疗、专业服务等领域的租户提供长期净租赁服务，核心客群为中小规模企业。
AVB vs GOOD — 直观对比
营收规模更大
GOOD
是对方的23.7倍
$1.8M
营收增速更快
GOOD
高出10.8%
5.5%
净利率更高
AVB
高出9028.2%
12.4%
两年增速更快
GOOD
近两年复合增速
1.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8M | $43.5M |
| 净利润 | $166.0M | $5.4M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 9040.6% | 12.4% |
| 营收同比 | 5.5% | 16.3% |
| 净利润同比 | -41.2% | -25.1% |
| 每股收益（稀释后） | $1.18 | $0.05 |
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AVBGOOD
| Q4 25 | $1.8M | $43.5M | ||
| Q3 25 | $1.9M | $40.8M | ||
| Q2 25 | $1.6M | $39.5M | ||
| Q1 25 | $1.7M | $37.5M | ||
| Q4 24 | $1.7M | $37.4M | ||
| Q3 24 | $1.7M | $39.2M | ||
| Q2 24 | $1.8M | $37.1M | ||
| Q1 24 | $1.8M | $35.7M |
净利润AVBGOOD
| Q4 25 | $166.0M | $5.4M | ||
| Q3 25 | $381.3M | $4.1M | ||
| Q2 25 | $268.7M | $4.6M | ||
| Q1 25 | $236.6M | $5.1M | ||
| Q4 24 | $282.1M | $7.2M | ||
| Q3 24 | $372.5M | $11.7M | ||
| Q2 24 | $253.9M | $1.6M | ||
| Q1 24 | $173.4M | $3.5M |
净利率AVBGOOD
| Q4 25 | 9040.6% | 12.4% | ||
| Q3 25 | 20390.7% | 10.1% | ||
| Q2 25 | 16854.8% | 11.7% | ||
| Q1 25 | 13581.9% | 13.7% | ||
| Q4 24 | 16212.2% | 19.2% | ||
| Q3 24 | 21708.6% | 29.8% | ||
| Q2 24 | 13876.2% | 4.3% | ||
| Q1 24 | 9662.9% | 9.9% |
每股收益（稀释后）AVBGOOD
| Q4 25 | $1.18 | $0.05 | ||
| Q3 25 | $2.68 | $0.02 | ||
| Q2 25 | $1.88 | $0.03 | ||
| Q1 25 | $1.66 | $0.04 | ||
| Q4 24 | $1.99 | $0.10 | ||
| Q3 24 | $2.61 | $0.20 | ||
| Q2 24 | $1.78 | $-0.04 | ||
| Q1 24 | $1.22 | $0.01 |
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 | $187.2M | $10.8M |
| 总债务越低越好 | $9.3B | $843.5M |
| 股东权益账面价值 | $11.6B | $171.8M |
| 总资产 | $22.2B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.80× | 4.91× |
8季度趋势，按日历期对齐
现金及短期投资AVBGOOD
| Q4 25 | $187.2M | $10.8M | ||
| Q3 25 | $123.3M | $18.4M | ||
| Q2 25 | $102.8M | $11.7M | ||
| Q1 25 | $53.3M | $10.4M | ||
| Q4 24 | $108.6M | $11.0M | ||
| Q3 24 | $552.4M | $10.5M | ||
| Q2 24 | $545.8M | $10.4M | ||
| Q1 24 | $287.9M | $10.5M |
总债务AVBGOOD
| Q4 25 | $9.3B | $843.5M | ||
| Q3 25 | $8.7B | $843.3M | ||
| Q2 25 | $8.7B | $794.4M | ||
| Q1 25 | $8.3B | $740.7M | ||
| Q4 24 | $8.1B | $693.4M | ||
| Q3 24 | $8.4B | $692.6M | ||
| Q2 24 | $8.4B | $722.5M | ||
| Q1 24 | $8.0B | $719.4M |
股东权益AVBGOOD
| Q4 25 | $11.6B | $171.8M | ||
| Q3 25 | $11.9B | $184.8M | ||
| Q2 25 | $11.9B | $177.2M | ||
| Q1 25 | $11.9B | $183.2M | ||
| Q4 24 | $11.9B | $171.2M | ||
| Q3 24 | $11.9B | $168.9M | ||
| Q2 24 | $11.7B | $145.7M | ||
| Q1 24 | $11.7B | $147.3M |
总资产AVBGOOD
| Q4 25 | $22.2B | $1.2B | ||
| Q3 25 | $21.9B | $1.3B | ||
| Q2 25 | $21.8B | $1.2B | ||
| Q1 25 | $21.2B | $1.2B | ||
| Q4 24 | $21.0B | $1.1B | ||
| Q3 24 | $21.3B | $1.1B | ||
| Q2 24 | $21.0B | $1.1B | ||
| Q1 24 | $20.6B | $1.1B |
负债/权益比AVBGOOD
| Q4 25 | 0.80× | 4.91× | ||
| Q3 25 | 0.73× | 4.56× | ||
| Q2 25 | 0.72× | 4.48× | ||
| Q1 25 | 0.70× | 4.04× | ||
| Q4 24 | 0.68× | 4.05× | ||
| Q3 24 | 0.70× | 4.10× | ||
| Q2 24 | 0.71× | 4.96× | ||
| Q1 24 | 0.68× | 4.88× |
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 | $400.4M | $15.7M |
| 自由现金流经营现金流 - 资本支出 | $322.5M | — |
| 自由现金流率自由现金流/营收 | 17563.8% | — |
| 资本支出强度资本支出/营收 | 4246.2% | — |
| 现金转化率经营现金流/净利润 | 2.41× | 2.92× |
| 过去12个月自由现金流最近4个季度 | $1.4B | — |
8季度趋势，按日历期对齐
经营现金流AVBGOOD
| Q4 25 | $400.4M | $15.7M | ||
| Q3 25 | $477.0M | $18.9M | ||
| Q2 25 | $377.8M | $35.8M | ||
| Q1 25 | $415.9M | $17.7M | ||
| Q4 24 | $328.8M | $22.8M | ||
| Q3 24 | $486.2M | $5.5M | ||
| Q2 24 | $380.0M | $13.6M | ||
| Q1 24 | $412.9M | $15.0M |
自由现金流AVBGOOD
| Q4 25 | $322.5M | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $271.9M | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | — |
自由现金流率AVBGOOD
| Q4 25 | 17563.8% | — | ||
| Q3 25 | 21507.4% | — | ||
| Q2 25 | 19896.0% | — | ||
| Q1 25 | 21098.3% | — | ||
| Q4 24 | 15626.2% | — | ||
| Q3 24 | 25305.2% | — | ||
| Q2 24 | 18195.7% | — | ||
| Q1 24 | 20914.5% | — |
资本支出强度AVBGOOD
| Q4 25 | 4246.2% | — | ||
| Q3 25 | 3998.4% | — | ||
| Q2 25 | 3806.1% | — | ||
| Q1 25 | 2776.7% | — | ||
| Q4 24 | 3271.1% | — | ||
| Q3 24 | 3026.3% | — | ||
| Q2 24 | 2568.9% | — | ||
| Q1 24 | 2088.6% | — |
现金转化率AVBGOOD
| Q4 25 | 2.41× | 2.92× | ||
| Q3 25 | 1.25× | 4.57× | ||
| Q2 25 | 1.41× | 7.74× | ||
| Q1 25 | 1.76× | 3.44× | ||
| Q4 24 | 1.17× | 3.17× | ||
| Q3 24 | 1.31× | 0.47× | ||
| Q2 24 | 1.50× | 8.44× | ||
| Q1 24 | 2.38× | 4.26× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
