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GREENLIGHT CAPITAL RE, LTD.（GLRE）与Regency Centers（REG）财务数据对比。点击上方公司名可切换其他公司
Regency Centers的季度营收约是GREENLIGHT CAPITAL RE, LTD.的1.9倍（$404.2M vs $210.3M），Regency Centers净利率更高（50.1% vs 23.4%，领先26.7%），GREENLIGHT CAPITAL RE, LTD.同比增速更快（48.3% vs 8.5%），过去两年Regency Centers的营收复合增速更高（5.4% vs 4.8%）
绿光资本再保险有限公司关联的绿光资本是1996年由大卫·艾因霍恩创立的美国对冲基金，主要投资北美公开交易的企业债务产品与股票，因2008年雷曼兄弟破产前做空其股票、2012年1月在英国因内幕交易被罚1100万美元而受到市场关注，艾因霍恩至今仍担任该基金管理人。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
GLRE vs REG — 直观对比
营收规模更大
REG
是对方的1.9倍
$210.3M
营收增速更快
GLRE
高出39.8%
8.5%
净利率更高
REG
高出26.7%
23.4%
两年增速更快
REG
近两年复合增速
4.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $210.3M | $404.2M |
| 净利润 | $49.3M | $202.5M |
| 毛利率 | — | — |
| 营业利润率 | — | 71.0% |
| 净利率 | 23.4% | 50.1% |
| 营收同比 | 48.3% | 8.5% |
| 净利润同比 | 279.7% | 134.1% |
| 每股收益（稀释后） | $1.43 | — |
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GLREREG
| Q4 25 | $210.3M | $404.2M | ||
| Q3 25 | $146.1M | $387.6M | ||
| Q2 25 | $160.1M | $380.8M | ||
| Q1 25 | $213.3M | $380.9M | ||
| Q4 24 | $141.8M | $372.5M | ||
| Q3 24 | $188.0M | $360.3M | ||
| Q2 24 | $174.9M | $357.3M | ||
| Q1 24 | $191.3M | $363.9M |
净利润GLREREG
| Q4 25 | $49.3M | $202.5M | ||
| Q3 25 | $-4.4M | $109.4M | ||
| Q2 25 | $329.0K | $106.0M | ||
| Q1 25 | $29.6M | $109.6M | ||
| Q4 24 | $-27.4M | $86.5M | ||
| Q3 24 | $35.2M | $101.5M | ||
| Q2 24 | $8.0M | $102.7M | ||
| Q1 24 | $27.0M | $109.8M |
营业利润率GLREREG
| Q4 25 | — | 71.0% | ||
| Q3 25 | — | 72.7% | ||
| Q2 25 | — | 73.8% | ||
| Q1 25 | — | 71.8% | ||
| Q4 24 | — | 71.1% | ||
| Q3 24 | — | 72.5% | ||
| Q2 24 | — | 72.3% | ||
| Q1 24 | — | 72.3% |
净利率GLREREG
| Q4 25 | 23.4% | 50.1% | ||
| Q3 25 | -3.0% | 28.2% | ||
| Q2 25 | 0.2% | 27.8% | ||
| Q1 25 | 13.9% | 28.8% | ||
| Q4 24 | -19.3% | 23.2% | ||
| Q3 24 | 18.7% | 28.2% | ||
| Q2 24 | 4.6% | 28.7% | ||
| Q1 24 | 14.1% | 30.2% |
每股收益（稀释后）GLREREG
| Q4 25 | $1.43 | — | ||
| Q3 25 | $-0.13 | — | ||
| Q2 25 | $0.01 | — | ||
| Q1 25 | $0.86 | — | ||
| Q4 24 | $-0.78 | — | ||
| Q3 24 | $1.01 | — | ||
| Q2 24 | $0.23 | — | ||
| Q1 24 | $0.78 | — |
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 | $111.8M | — |
| 总债务越低越好 | $4.7M | $4.7B |
| 股东权益账面价值 | $708.0M | $6.9B |
| 总资产 | $2.2B | $13.0B |
| 负债/权益比越低杠杆越低 | 0.01× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资GLREREG
| Q4 25 | $111.8M | — | ||
| Q3 25 | $68.8M | — | ||
| Q2 25 | $82.4M | — | ||
| Q1 25 | $47.5M | — | ||
| Q4 24 | $64.7M | — | ||
| Q3 24 | $54.6M | — | ||
| Q2 24 | $52.2M | — | ||
| Q1 24 | $61.6M | — |
总债务GLREREG
| Q4 25 | $4.7M | $4.7B | ||
| Q3 25 | $34.7M | $4.9B | ||
| Q2 25 | $58.9M | $4.8B | ||
| Q1 25 | $59.8M | $4.6B | ||
| Q4 24 | $60.7M | $4.4B | ||
| Q3 24 | $62.6M | $4.4B | ||
| Q2 24 | $61.6M | $4.4B | ||
| Q1 24 | $72.5M | $4.4B |
股东权益GLREREG
| Q4 25 | $708.0M | $6.9B | ||
| Q3 25 | $658.9M | $6.8B | ||
| Q2 25 | $663.3M | $6.7B | ||
| Q1 25 | $666.8M | $6.7B | ||
| Q4 24 | $635.9M | $6.7B | ||
| Q3 24 | $663.4M | $6.8B | ||
| Q2 24 | $634.0M | $6.8B | ||
| Q1 24 | $624.5M | $7.0B |
总资产GLREREG
| Q4 25 | $2.2B | $13.0B | ||
| Q3 25 | $2.1B | $13.1B | ||
| Q2 25 | $2.2B | $12.7B | ||
| Q1 25 | $2.2B | $12.6B | ||
| Q4 24 | $2.0B | $12.4B | ||
| Q3 24 | $2.0B | $12.4B | ||
| Q2 24 | $1.9B | $12.4B | ||
| Q1 24 | $1.9B | $12.7B |
负债/权益比GLREREG
| Q4 25 | 0.01× | 0.69× | ||
| Q3 25 | 0.05× | 0.72× | ||
| Q2 25 | 0.09× | 0.72× | ||
| Q1 25 | 0.09× | 0.69× | ||
| Q4 24 | 0.10× | 0.66× | ||
| Q3 24 | 0.09× | 0.65× | ||
| Q2 24 | 0.10× | 0.64× | ||
| Q1 24 | 0.12× | 0.63× |
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 | $100.2M | $203.9M |
| 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 | 2.03× | 1.01× |
| 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GLREREG
| Q4 25 | $100.2M | $203.9M | ||
| Q3 25 | $31.2M | $218.7M | ||
| Q2 25 | $68.4M | $244.0M | ||
| Q1 25 | $10.4M | $161.0M | ||
| Q4 24 | $29.5M | $191.4M | ||
| Q3 24 | $41.3M | $227.6M | ||
| Q2 24 | $22.7M | $203.5M | ||
| Q1 24 | $18.0M | $167.8M |
现金转化率GLREREG
| Q4 25 | 2.03× | 1.01× | ||
| Q3 25 | — | 2.00× | ||
| Q2 25 | 208.02× | 2.30× | ||
| Q1 25 | 0.35× | 1.47× | ||
| Q4 24 | — | 2.21× | ||
| Q3 24 | 1.17× | 2.24× | ||
| Q2 24 | 2.85× | 1.98× | ||
| Q1 24 | 0.66× | 1.53× |
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
GLRE
| Other | $124.7M | 59% |
| Innovations | $85.6M | 41% |
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
