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KKR Real Estate Finance Trust Inc.（KREF）与Star Holdings（STHO）财务数据对比。点击上方公司名可切换其他公司
KKR Real Estate Finance Trust Inc.的季度营收约是Star Holdings的1.0倍（$25.8M vs $25.4M），Star Holdings净利率更高（-75.5% vs -101.7%，领先26.3%），Star Holdings同比增速更快（-22.6% vs -26.6%），过去两年Star Holdings的营收复合增速更高（-0.2% 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。
蓝星有限公司是一家印度跨国家电企业，总部位于孟买，主营空调、商用制冷以及机电工程业务，是印度本土市场规模第二大的空调领域本土企业。
KREF vs STHO — 直观对比
营收规模更大
KREF
是对方的1.0倍
$25.4M
营收增速更快
STHO
高出4.0%
-26.6%
净利率更高
STHO
高出26.3%
-101.7%
两年增速更快
STHO
近两年复合增速
-18.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.8M | $25.4M |
| 净利润 | $-26.2M | $-19.1M |
| 毛利率 | — | — |
| 营业利润率 | -105.1% | -91.7% |
| 净利率 | -101.7% | -75.5% |
| 营收同比 | -26.6% | -22.6% |
| 净利润同比 | -229.6% | 81.3% |
| 每股收益（稀释后） | $-0.49 | $-1.52 |
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KREFSTHO
| Q4 25 | $25.8M | $25.4M | ||
| Q3 25 | $25.3M | $28.1M | ||
| Q2 25 | $30.2M | $42.1M | ||
| Q1 25 | $31.3M | $14.6M | ||
| Q4 24 | $35.1M | $32.8M | ||
| Q3 24 | $37.0M | $24.6M | ||
| Q2 24 | $40.4M | $30.6M | ||
| Q1 24 | $39.1M | $25.4M |
净利润KREFSTHO
| Q4 25 | $-26.2M | $-19.1M | ||
| Q3 25 | $13.8M | $1.8M | ||
| Q2 25 | $-29.7M | $-39.3M | ||
| Q1 25 | $-4.9M | $-7.6M | ||
| Q4 24 | $20.3M | $-102.6M | ||
| Q3 24 | $-7.4M | $91.9M | ||
| Q2 24 | $25.8M | $-27.1M | ||
| Q1 24 | $-3.1M | $-49.0M |
营业利润率KREFSTHO
| Q4 25 | -105.1% | -91.7% | ||
| Q3 25 | 50.4% | 1.0% | ||
| Q2 25 | -101.3% | -94.5% | ||
| Q1 25 | -18.3% | -55.0% | ||
| Q4 24 | 55.8% | -314.1% | ||
| Q3 24 | -19.6% | — | ||
| Q2 24 | 63.3% | -91.5% | ||
| Q1 24 | -8.7% | -192.6% |
净利率KREFSTHO
| Q4 25 | -101.7% | -75.5% | ||
| Q3 25 | 54.4% | 6.4% | ||
| Q2 25 | -98.5% | -93.5% | ||
| Q1 25 | -15.5% | -52.0% | ||
| Q4 24 | 57.7% | -313.1% | ||
| Q3 24 | -20.0% | 374.3% | ||
| Q2 24 | 63.9% | -88.8% | ||
| Q1 24 | -7.9% | -192.6% |
每股收益（稀释后）KREFSTHO
| Q4 25 | $-0.49 | $-1.52 | ||
| Q3 25 | $0.12 | $0.14 | ||
| Q2 25 | $-0.53 | $-2.95 | ||
| Q1 25 | $-0.15 | $-0.57 | ||
| Q4 24 | $0.22 | $-7.69 | ||
| Q3 24 | $-0.19 | $6.90 | ||
| Q2 24 | $0.29 | $-2.04 | ||
| Q1 24 | $-0.13 | $-3.68 |
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 | $50.1M |
| 总债务越低越好 | — | $268.7M |
| 股东权益账面价值 | $1.2B | $251.8M |
| 总资产 | $6.5B | $570.2M |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资KREFSTHO
| Q4 25 | $84.6M | $50.1M | ||
| Q3 25 | $204.1M | $40.6M | ||
| Q2 25 | $107.7M | $44.2M | ||
| Q1 25 | $106.4M | $30.3M | ||
| Q4 24 | $104.9M | $35.0M | ||
| Q3 24 | $108.8M | $45.0M | ||
| Q2 24 | $107.2M | $48.3M | ||
| Q1 24 | $106.5M | $45.7M |
总债务KREFSTHO
| Q4 25 | — | $268.7M | ||
| Q3 25 | — | $259.3M | ||
| Q2 25 | — | $245.4M | ||
| Q1 25 | — | $231.5M | ||
| Q4 24 | — | $217.3M | ||
| Q3 24 | — | $201.2M | ||
| Q2 24 | — | $197.2M | ||
| Q1 24 | — | $195.0M |
股东权益KREFSTHO
| Q4 25 | $1.2B | $251.8M | ||
| Q3 25 | $1.2B | $275.4M | ||
| Q2 25 | $1.2B | $276.1M | ||
| Q1 25 | $1.3B | $316.1M | ||
| Q4 24 | $1.3B | $324.3M | ||
| Q3 24 | $1.4B | $427.5M | ||
| Q2 24 | $1.4B | $335.3M | ||
| Q1 24 | $1.4B | $362.4M |
总资产KREFSTHO
| Q4 25 | $6.5B | $570.2M | ||
| Q3 25 | $6.5B | $595.9M | ||
| Q2 25 | $6.8B | $589.9M | ||
| Q1 25 | $6.6B | $618.2M | ||
| Q4 24 | $6.4B | $608.7M | ||
| Q3 24 | $6.8B | $696.5M | ||
| Q2 24 | $7.1B | $601.0M | ||
| Q1 24 | $7.3B | $622.9M |
负债/权益比KREFSTHO
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 0.94× | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | — | 0.54× |
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 | $-11.7M |
| 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 | — | — |
| 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KREFSTHO
| Q4 25 | $72.3M | $-11.7M | ||
| Q3 25 | $18.5M | $5.3M | ||
| Q2 25 | $21.1M | $-2.6M | ||
| Q1 25 | $15.9M | $-6.3M | ||
| Q4 24 | $132.6M | $-31.3M | ||
| Q3 24 | $49.1M | $-3.8M | ||
| Q2 24 | $30.6M | $-6.4M | ||
| Q1 24 | $34.5M | $-14.2M |
现金转化率KREFSTHO
| Q4 25 | — | — | ||
| Q3 25 | 1.34× | 2.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.54× | — | ||
| Q3 24 | — | -0.04× | ||
| 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
STHO
| Land Development | $13.0M | 51% |
| Other Income Revenue | $9.3M | 37% |
| Operating Lease Income | $2.0M | 8% |
| Other | $1.2M | 5% |
