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KKR Real Estate Finance Trust Inc.（KREF）与READING INTERNATIONAL INC（RDI）财务数据对比。点击上方公司名可切换其他公司
READING INTERNATIONAL INC的季度营收约是KKR Real Estate Finance Trust Inc.的1.9倍（$50.3M vs $25.8M），READING INTERNATIONAL INC净利率更高（-5.1% vs -101.7%，领先96.6%），READING INTERNATIONAL INC同比增速更快（-14.2% vs -26.6%），过去两年READING INTERNATIONAL INC的营收复合增速更高（5.6% vs -18.8%）
KKR房地产金融信托公司是全球投资机构KKR旗下的专业房地产金融平台，主要发起、收购并管理优先担保商业地产贷款组合，抵押物多为美国各地的优质机构级商业地产，通过贷款利息收入为投资者提供稳定的经风险调整后的回报。
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
KREF vs RDI — 直观对比
营收规模更大
RDI
是对方的1.9倍
$25.8M
营收增速更快
RDI
高出12.4%
-26.6%
净利率更高
RDI
高出96.6%
-101.7%
两年增速更快
RDI
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $50.3M |
| 净利润 | $-26.2M | $-2.6M |
| 毛利率 | — | — |
| 营业利润率 | -105.1% | -1.9% |
| 净利率 | -101.7% | -5.1% |
| 营收同比 | -26.6% | -14.2% |
| 净利润同比 | -229.6% | -14.5% |
| 每股收益（稀释后） | $-0.49 | $-0.11 |
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KREFRDI
| Q4 25 | $25.8M | $50.3M | ||
| Q3 25 | $25.3M | $52.2M | ||
| Q2 25 | $30.2M | $60.4M | ||
| Q1 25 | $31.3M | $40.2M | ||
| Q4 24 | $35.1M | $58.6M | ||
| Q3 24 | $37.0M | $60.1M | ||
| Q2 24 | $40.4M | $46.8M | ||
| Q1 24 | $39.1M | $45.1M |
净利润KREFRDI
| Q4 25 | $-26.2M | $-2.6M | ||
| Q3 25 | $13.8M | $-4.2M | ||
| Q2 25 | $-29.7M | $-2.7M | ||
| Q1 25 | $-4.9M | $-4.8M | ||
| Q4 24 | $20.3M | $-2.2M | ||
| Q3 24 | $-7.4M | $-7.0M | ||
| Q2 24 | $25.8M | $-12.8M | ||
| Q1 24 | $-3.1M | $-13.2M |
营业利润率KREFRDI
| Q4 25 | -105.1% | -1.9% | ||
| Q3 25 | 50.4% | -0.6% | ||
| Q2 25 | -101.3% | 4.8% | ||
| Q1 25 | -18.3% | -17.2% | ||
| Q4 24 | 55.8% | 2.6% | ||
| Q3 24 | -19.6% | -0.6% | ||
| Q2 24 | 63.3% | -16.4% | ||
| Q1 24 | -8.7% | -16.7% |
净利率KREFRDI
| Q4 25 | -101.7% | -5.1% | ||
| Q3 25 | 54.4% | -8.0% | ||
| Q2 25 | -98.5% | -4.4% | ||
| Q1 25 | -15.5% | -11.8% | ||
| Q4 24 | 57.7% | -3.8% | ||
| Q3 24 | -20.0% | -11.7% | ||
| Q2 24 | 63.9% | -27.4% | ||
| Q1 24 | -7.9% | -29.4% |
每股收益（稀释后）KREFRDI
| Q4 25 | $-0.49 | $-0.11 | ||
| Q3 25 | $0.12 | $-0.18 | ||
| Q2 25 | $-0.53 | $-0.12 | ||
| Q1 25 | $-0.15 | $-0.21 | ||
| Q4 24 | $0.22 | $-0.11 | ||
| Q3 24 | $-0.19 | $-0.31 | ||
| Q2 24 | $0.29 | $-0.57 | ||
| Q1 24 | $-0.13 | $-0.59 |
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 | $84.6M | $10.5M |
| 总债务越低越好 | — | $185.1M |
| 股东权益账面价值 | $1.2B | $-18.2M |
| 总资产 | $6.5B | $434.9M |
| 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KREFRDI
| Q4 25 | $84.6M | $10.5M | ||
| Q3 25 | $204.1M | $8.1M | ||
| Q2 25 | $107.7M | $9.1M | ||
| Q1 25 | $106.4M | $5.9M | ||
| Q4 24 | $104.9M | $12.4M | ||
| Q3 24 | $108.8M | $10.1M | ||
| Q2 24 | $107.2M | $9.3M | ||
| Q1 24 | $106.5M | $7.5M |
总债务KREFRDI
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KREFRDI
| Q4 25 | $1.2B | $-18.2M | ||
| Q3 25 | $1.2B | $-12.1M | ||
| Q2 25 | $1.2B | $-7.7M | ||
| Q1 25 | $1.3B | $-8.1M | ||
| Q4 24 | $1.3B | $-4.4M | ||
| Q3 24 | $1.4B | $1.6M | ||
| Q2 24 | $1.4B | $6.5M | ||
| Q1 24 | $1.4B | $18.0M |
总资产KREFRDI
| Q4 25 | $6.5B | $434.9M | ||
| Q3 25 | $6.5B | $435.2M | ||
| Q2 25 | $6.8B | $438.1M | ||
| Q1 25 | $6.6B | $441.0M | ||
| Q4 24 | $6.4B | $471.0M | ||
| Q3 24 | $6.8B | $495.7M | ||
| Q2 24 | $7.1B | $494.9M | ||
| Q1 24 | $7.3B | $494.9M |
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 | $72.3M | $4.3M |
| 自由现金流经营现金流 - 资本支出 | — | $4.1M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 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 | — | $-2.9M |
8季度趋势，按日历期对齐
经营现金流KREFRDI
| Q4 25 | $72.3M | $4.3M | ||
| Q3 25 | $18.5M | $295.0K | ||
| Q2 25 | $21.1M | $1.6M | ||
| Q1 25 | $15.9M | $-7.7M | ||
| Q4 24 | $132.6M | $8.0M | ||
| Q3 24 | $49.1M | $1.3M | ||
| Q2 24 | $30.6M | $-10.4M | ||
| Q1 24 | $34.5M | $-2.8M |
自由现金流KREFRDI
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $-10.6M | ||
| Q1 24 | — | $-4.7M |
自由现金流率KREFRDI
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | -1.8% | ||
| Q2 24 | — | -22.7% | ||
| Q1 24 | — | -10.4% |
资本支出强度KREFRDI
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 4.3% |
现金转化率KREFRDI
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.54× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.19× | — | ||
| 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
KREF
暂无分部数据
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
