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AvalonBay Communities（AVB）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
AvalonBay Communities的季度营收约是STARWOOD PROPERTY TRUST, INC.的1.6倍（$767.9M vs $492.9M），AvalonBay Communities净利率更高（9040.6% vs 19.7%，领先9020.9%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs 3.7%），过去两年AvalonBay Communities的营收复合增速更高（3.8% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
AVB vs STWD — 直观对比
营收规模更大
AVB
是对方的1.6倍
$492.9M
营收增速更快
STWD
高出4.8%
3.7%
净利率更高
AVB
高出9020.9%
19.7%
两年增速更快
AVB
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $492.9M |
| 净利润 | $166.0M | $96.9M |
| 毛利率 | — | — |
| 营业利润率 | 64.2% | 26.6% |
| 净利率 | 9040.6% | 19.7% |
| 营收同比 | 3.7% | 8.5% |
| 净利润同比 | -41.2% | 87.7% |
| 每股收益（稀释后） | $1.18 | $0.25 |
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AVBSTWD
| Q4 25 | $767.9M | $492.9M | ||
| Q3 25 | $766.8M | $488.9M | ||
| Q2 25 | $760.2M | $444.3M | ||
| Q1 25 | $745.9M | $418.2M | ||
| Q4 24 | $740.5M | $454.4M | ||
| Q3 24 | $734.3M | $479.5M | ||
| Q2 24 | $726.0M | $489.8M | ||
| Q1 24 | $712.9M | $523.1M |
净利润AVBSTWD
| Q4 25 | $166.0M | $96.9M | ||
| Q3 25 | $381.3M | $72.6M | ||
| Q2 25 | $268.7M | $129.8M | ||
| Q1 25 | $236.6M | $112.3M | ||
| Q4 24 | $282.1M | $51.6M | ||
| Q3 24 | $372.5M | $76.1M | ||
| Q2 24 | $253.9M | $77.9M | ||
| Q1 24 | $173.4M | $154.3M |
营业利润率AVBSTWD
| Q4 25 | 64.2% | 26.6% | ||
| Q3 25 | 65.7% | 19.1% | ||
| Q2 25 | 67.6% | 30.5% | ||
| Q1 25 | 68.5% | 28.7% | ||
| Q4 24 | 63.1% | 15.1% | ||
| Q3 24 | 65.4% | 17.2% | ||
| Q2 24 | 66.6% | 19.1% | ||
| Q1 24 | 67.2% | 30.8% |
净利率AVBSTWD
| Q4 25 | 9040.6% | 19.7% | ||
| Q3 25 | 49.7% | 14.8% | ||
| Q2 25 | 35.3% | 29.2% | ||
| Q1 25 | 31.7% | 26.8% | ||
| Q4 24 | 38.1% | 11.4% | ||
| Q3 24 | 50.7% | 15.9% | ||
| Q2 24 | 35.0% | 15.9% | ||
| Q1 24 | 24.3% | 29.5% |
每股收益（稀释后）AVBSTWD
| Q4 25 | $1.18 | $0.25 | ||
| Q3 25 | $2.68 | $0.19 | ||
| Q2 25 | $1.88 | $0.38 | ||
| Q1 25 | $1.66 | $0.33 | ||
| Q4 24 | $1.99 | $0.15 | ||
| Q3 24 | $2.61 | $0.23 | ||
| Q2 24 | $1.78 | $0.24 | ||
| Q1 24 | $1.22 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | $9.3B | — |
| 股东权益账面价值 | $11.6B | $6.8B |
| 总资产 | $22.2B | $63.2B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资AVBSTWD
| Q4 25 | $187.2M | $499.5M | ||
| Q3 25 | $123.3M | $301.1M | ||
| Q2 25 | $102.8M | $259.9M | ||
| Q1 25 | $53.3M | $440.6M | ||
| Q4 24 | $108.6M | $377.8M | ||
| Q3 24 | $552.4M | $357.9M | ||
| Q2 24 | $545.8M | $259.3M | ||
| Q1 24 | $287.9M | $327.4M |
总债务AVBSTWD
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
股东权益AVBSTWD
| Q4 25 | $11.6B | $6.8B | ||
| Q3 25 | $11.9B | $6.9B | ||
| Q2 25 | $11.9B | $6.4B | ||
| Q1 25 | $11.9B | $6.4B | ||
| Q4 24 | $11.9B | $6.4B | ||
| Q3 24 | $11.9B | $6.5B | ||
| Q2 24 | $11.7B | $6.2B | ||
| Q1 24 | $11.7B | $6.3B |
总资产AVBSTWD
| Q4 25 | $22.2B | $63.2B | ||
| Q3 25 | $21.9B | $62.4B | ||
| Q2 25 | $21.8B | $62.4B | ||
| Q1 25 | $21.2B | $62.2B | ||
| Q4 24 | $21.0B | $62.6B | ||
| Q3 24 | $21.3B | $64.2B | ||
| Q2 24 | $21.0B | $64.1B | ||
| Q1 24 | $20.6B | $66.2B |
负债/权益比AVBSTWD
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.68× | — |
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 | $1.7B | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | — |
| 自由现金流率自由现金流/营收 | 183.5% | — |
| 资本支出强度资本支出/营收 | 34.1% | — |
| 现金转化率经营现金流/净利润 | 10.07× | 5.04× |
| 过去12个月自由现金流最近4个季度 | $2.5B | — |
8季度趋势，按日历期对齐
经营现金流AVBSTWD
| Q4 25 | $1.7B | $488.8M | ||
| Q3 25 | $477.0M | $337.6M | ||
| Q2 25 | $377.8M | $-87.4M | ||
| Q1 25 | $415.9M | $238.9M | ||
| Q4 24 | $1.6B | $295.6M | ||
| Q3 24 | $486.2M | $241.8M | ||
| Q2 24 | $380.0M | $53.3M | ||
| Q1 24 | $412.9M | $55.9M |
自由现金流AVBSTWD
| Q4 25 | $1.4B | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | — |
自由现金流率AVBSTWD
| Q4 25 | 183.5% | — | ||
| Q3 25 | 52.5% | — | ||
| Q2 25 | 41.7% | — | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 191.0% | — | ||
| Q3 24 | 59.1% | — | ||
| Q2 24 | 45.9% | — | ||
| Q1 24 | 52.7% | — |
资本支出强度AVBSTWD
| Q4 25 | 34.1% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | 5.3% | — |
现金转化率AVBSTWD
| Q4 25 | 10.07× | 5.04× | ||
| Q3 25 | 1.25× | 4.65× | ||
| Q2 25 | 1.41× | -0.67× | ||
| Q1 25 | 1.76× | 2.13× | ||
| Q4 24 | 5.70× | 5.72× | ||
| Q3 24 | 1.31× | 3.18× | ||
| Q2 24 | 1.50× | 0.68× | ||
| Q1 24 | 2.38× | 0.36× |
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
AVB
暂无分部数据
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
