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Global Net Lease, Inc.（GNL）与RMR GROUP INC.（RMR）财务数据对比。点击上方公司名可切换其他公司
Global Net Lease, Inc.的季度营收约是RMR GROUP INC.的1.8倍（$117.0M vs $66.7M），Global Net Lease, Inc.净利率更高（41.2% vs 18.3%，领先22.9%），RMR GROUP INC.同比增速更快（40.8% vs -15.1%）
Global Net Lease, Inc. 是一家上市房地产投资信托机构，主要收购、持有并运营多元化商业地产资产，通过长期净租赁协议出租物业，项目覆盖北美、欧洲多地，涵盖工业、办公、零售等领域，为股东提供稳定的长期收益。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
GNL vs RMR — 直观对比
营收规模更大
GNL
是对方的1.8倍
$66.7M
营收增速更快
RMR
高出55.9%
-15.1%
净利率更高
GNL
高出22.9%
18.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $117.0M | $66.7M |
| 净利润 | $48.2M | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | 94.7% | 48.1% |
| 净利率 | 41.2% | 18.3% |
| 营收同比 | -15.1% | 40.8% |
| 净利润同比 | 838.7% | 91.1% |
| 每股收益（稀释后） | $0.14 | $0.71 |
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GNLRMR
| Q4 25 | $117.0M | $66.7M | ||
| Q3 25 | $121.0M | — | ||
| Q2 25 | $124.9M | — | ||
| Q1 25 | $132.4M | — | ||
| Q4 24 | $137.8M | — | ||
| Q3 24 | $138.7M | — | ||
| Q2 24 | $145.5M | — | ||
| Q1 24 | $147.9M | — |
净利润GNLRMR
| Q4 25 | $48.2M | $12.2M | ||
| Q3 25 | $-60.1M | — | ||
| Q2 25 | $-24.1M | — | ||
| Q1 25 | $-189.4M | — | ||
| Q4 24 | $-6.5M | — | ||
| Q3 24 | $-65.6M | — | ||
| Q2 24 | $-35.7M | — | ||
| Q1 24 | $-23.8M | — |
营业利润率GNLRMR
| Q4 25 | 94.7% | 48.1% | ||
| Q3 25 | -11.7% | — | ||
| Q2 25 | 33.9% | — | ||
| Q1 25 | -21.1% | — | ||
| Q4 24 | 40.8% | — | ||
| Q3 24 | 9.3% | — | ||
| Q2 24 | 42.6% | — | ||
| Q1 24 | 38.6% | — |
净利率GNLRMR
| Q4 25 | 41.2% | 18.3% | ||
| Q3 25 | -49.7% | — | ||
| Q2 25 | -19.3% | — | ||
| Q1 25 | -143.0% | — | ||
| Q4 24 | -4.7% | — | ||
| Q3 24 | -47.3% | — | ||
| Q2 24 | -24.5% | — | ||
| Q1 24 | -16.1% | — |
每股收益（稀释后）GNLRMR
| Q4 25 | $0.14 | $0.71 | ||
| Q3 25 | $-0.32 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.87 | — | ||
| Q4 24 | $-0.08 | — | ||
| Q3 24 | $-0.33 | — | ||
| Q2 24 | $-0.20 | — | ||
| Q1 24 | $-0.15 | — |
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 | $180.1M | $49.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $232.7M |
| 总资产 | $4.3B | $687.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GNLRMR
| Q4 25 | $180.1M | $49.3M | ||
| Q3 25 | $165.1M | — | ||
| Q2 25 | $144.8M | — | ||
| Q1 25 | $147.0M | — | ||
| Q4 24 | $159.7M | — | ||
| Q3 24 | $127.2M | — | ||
| Q2 24 | $122.2M | — | ||
| Q1 24 | $131.9M | — |
股东权益GNLRMR
| Q4 25 | $1.7B | $232.7M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.5B | — |
总资产GNLRMR
| Q4 25 | $4.3B | $687.1M | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $5.0B | — | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $7.0B | — | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $7.6B | — | ||
| Q1 24 | $8.0B | — |
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 | $222.8M | $10.7M |
| 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 | 4.62× | 0.88× |
| 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GNLRMR
| Q4 25 | $222.8M | $10.7M | ||
| Q3 25 | $56.0M | — | ||
| Q2 25 | $52.0M | — | ||
| Q1 25 | $59.2M | — | ||
| Q4 24 | $299.5M | — | ||
| Q3 24 | $62.1M | — | ||
| Q2 24 | $70.4M | — | ||
| Q1 24 | $92.2M | — |
现金转化率GNLRMR
| Q4 25 | 4.62× | 0.88× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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
GNL
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
