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Mid-America Apartment Communities（MAA）与SUN COMMUNITIES INC（SUI）财务数据对比。点击上方公司名可切换其他公司
SUN COMMUNITIES INC的季度营收约是Mid-America Apartment Communities的1.3倍（$697.2M vs $555.6M），Mid-America Apartment Communities净利率更高（10.4% vs 1.7%，领先8.6%），Mid-America Apartment Communities同比增速更快（1.0% vs -25.8%），过去两年Mid-America Apartment Communities的营收复合增速更高（1.1% vs -2.1%）
Mid-America Apartment Communities（股票代码：MAA）是一家公开上市的房地产投资信托基金，总部位于美国田纳西州孟菲斯市，核心业务为投资美国东南部及西南部地区的公寓物业，深耕美国高增长区域住宅不动产赛道，为股东创造稳定的长期投资回报。
Sun Communities是一家上市房地产投资信托基金，核心投资品类为预制住宅社区及房车营地物业。截至2025年6月2日，该公司在美国、加拿大、英国三地合计持有500处相关资产的权益，专注于居住及休闲类不动产投资领域。
MAA vs SUI — 直观对比
营收规模更大
SUI
是对方的1.3倍
$555.6M
营收增速更快
MAA
高出26.9%
-25.8%
净利率更高
MAA
高出8.6%
1.7%
两年增速更快
MAA
近两年复合增速
-2.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $555.6M | $697.2M |
| 净利润 | $57.6M | $12.1M |
| 毛利率 | — | — |
| 营业利润率 | 10.4% | — |
| 净利率 | 10.4% | 1.7% |
| 营收同比 | 1.0% | -25.8% |
| 净利润同比 | -65.5% | -96.0% |
| 每股收益（稀释后） | $0.48 | $0.07 |
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MAASUI
| Q4 25 | $555.6M | — | ||
| Q3 25 | $554.4M | $697.2M | ||
| Q2 25 | $549.9M | $623.5M | ||
| Q1 25 | $549.3M | $470.2M | ||
| Q4 24 | $549.8M | $745.9M | ||
| Q3 24 | $551.1M | $939.9M | ||
| Q2 24 | $546.4M | $864.0M | ||
| Q1 24 | $543.6M | $671.3M |
净利润MAASUI
| Q4 25 | $57.6M | — | ||
| Q3 25 | $99.5M | $12.1M | ||
| Q2 25 | $108.1M | $1.3B | ||
| Q1 25 | $181.7M | $-41.2M | ||
| Q4 24 | $166.6M | $-228.4M | ||
| Q3 24 | $115.2M | $300.5M | ||
| Q2 24 | $102.0M | $56.7M | ||
| Q1 24 | $143.7M | $-25.2M |
营业利润率MAASUI
| Q4 25 | 10.4% | — | ||
| Q3 25 | 18.7% | — | ||
| Q2 25 | 20.2% | — | ||
| Q1 25 | 34.0% | — | ||
| Q4 24 | 31.3% | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | 19.3% | — | ||
| Q1 24 | 27.4% | — |
净利率MAASUI
| Q4 25 | 10.4% | — | ||
| Q3 25 | 18.0% | 1.7% | ||
| Q2 25 | 19.7% | 210.8% | ||
| Q1 25 | 33.1% | -8.8% | ||
| Q4 24 | 30.3% | -30.6% | ||
| Q3 24 | 20.9% | 32.0% | ||
| Q2 24 | 18.7% | 6.6% | ||
| Q1 24 | 26.4% | -3.8% |
每股收益（稀释后）MAASUI
| Q4 25 | $0.48 | — | ||
| Q3 25 | $0.84 | $0.07 | ||
| Q2 25 | $0.92 | $10.02 | ||
| Q1 25 | $1.54 | $-0.34 | ||
| Q4 24 | $1.43 | $-1.80 | ||
| Q3 24 | $0.98 | $2.31 | ||
| Q2 24 | $0.86 | $0.42 | ||
| Q1 24 | $1.22 | $-0.22 |
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 | $60.3M | $542.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.7B | $7.0B |
| 总资产 | $12.0B | $12.8B |
| 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MAASUI
| Q4 25 | $60.3M | — | ||
| Q3 25 | $32.2M | $542.7M | ||
| Q2 25 | $54.5M | $889.7M | ||
| Q1 25 | $55.8M | — | ||
| Q4 24 | $43.0M | $47.4M | ||
| Q3 24 | $50.2M | — | ||
| Q2 24 | $62.8M | — | ||
| Q1 24 | $54.6M | — |
总债务MAASUI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MAASUI
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.8B | $7.0B | ||
| Q2 25 | $5.9B | $7.4B | ||
| Q1 25 | $5.9B | $6.9B | ||
| Q4 24 | $5.9B | $7.1B | ||
| Q3 24 | $5.9B | $7.5B | ||
| Q2 24 | $6.0B | $6.9B | ||
| Q1 24 | $6.1B | $6.9B |
总资产MAASUI
| Q4 25 | $12.0B | — | ||
| Q3 25 | $11.9B | $12.8B | ||
| Q2 25 | $11.8B | $13.4B | ||
| Q1 25 | $11.8B | $16.5B | ||
| Q4 24 | $11.8B | $16.5B | ||
| Q3 24 | $11.8B | $17.1B | ||
| Q2 24 | $11.6B | $17.0B | ||
| Q1 24 | $11.5B | $17.1B |
负债/权益比MAASUI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $261.7M | $197.8M |
| 自由现金流经营现金流 - 资本支出 | $158.6M | — |
| 自由现金流率自由现金流/营收 | 28.5% | — |
| 资本支出强度资本支出/营收 | 18.6% | — |
| 现金转化率经营现金流/净利润 | 4.55× | 16.35× |
| 过去12个月自由现金流最近4个季度 | $717.9M | — |
8季度趋势，按日历期对齐
经营现金流MAASUI
| Q4 25 | $261.7M | — | ||
| Q3 25 | $266.4M | $197.8M | ||
| Q2 25 | $353.4M | $256.0M | ||
| Q1 25 | $196.6M | $243.9M | ||
| Q4 24 | $239.1M | $118.0M | ||
| Q3 24 | $309.5M | $189.2M | ||
| Q2 24 | $349.4M | $311.3M | ||
| Q1 24 | $200.3M | $242.5M |
自由现金流MAASUI
| Q4 25 | $158.6M | — | ||
| Q3 25 | $170.8M | — | ||
| Q2 25 | $264.5M | — | ||
| Q1 25 | $124.0M | — | ||
| Q4 24 | $152.6M | — | ||
| Q3 24 | $215.5M | — | ||
| Q2 24 | $259.7M | — | ||
| Q1 24 | $148.2M | — |
自由现金流率MAASUI
| Q4 25 | 28.5% | — | ||
| Q3 25 | 30.8% | — | ||
| Q2 25 | 48.1% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 27.8% | — | ||
| Q3 24 | 39.1% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 27.3% | — |
资本支出强度MAASUI
| Q4 25 | 18.6% | — | ||
| Q3 25 | 17.2% | — | ||
| Q2 25 | 16.2% | — | ||
| Q1 25 | 13.2% | — | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 17.1% | — | ||
| Q2 24 | 16.4% | — | ||
| Q1 24 | 9.6% | — |
现金转化率MAASUI
| Q4 25 | 4.55× | — | ||
| Q3 25 | 2.68× | 16.35× | ||
| Q2 25 | 3.27× | 0.19× | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | 2.69× | 0.63× | ||
| Q2 24 | 3.43× | 5.49× | ||
| Q1 24 | 1.39× | — |
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
MAA
| Same Store | $515.5M | 93% |
| Non Same Store And Other | $36.8M | 7% |
SUI
暂无分部数据
