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COPT DEFENSE PROPERTIES（CDP）与EPR PROPERTIES（EPR）财务数据对比。点击上方公司名可切换其他公司
COPT DEFENSE PROPERTIES的季度营收约是EPR PROPERTIES的1.1倍（$197.4M vs $182.9M），EPR PROPERTIES净利率更高（36.6% vs 20.0%，领先16.6%），COPT DEFENSE PROPERTIES同比增速更快（7.6% vs 3.2%），COPT DEFENSE PROPERTIES自由现金流更多（$288.9M vs $269.2M），过去两年EPR PROPERTIES的营收复合增速更高（4.6% vs 1.1%）
COPT Defense Properties是一家专业房地产投资信托基金，重点投资写字楼物业，资产主要布局于华盛顿大都会区的近郊区域，核心租户为美国政府及国防军工行业企业。截至2024年12月31日，公司旗下共持有164栋写字楼，总面积达1650万平方英尺，同时运营31个单租户数据中心，总面积590万平方英尺。
EPR地产（前身为娱乐地产信托）是总部位于美国密苏里州堪萨斯城的房地产投资信托企业，专注投资游乐园、电影院、滑雪度假村等娱乐类地产项目，截至2022年共持有353处物业。
CDP vs EPR — 直观对比
营收规模更大
CDP
是对方的1.1倍
$182.9M
营收增速更快
CDP
高出4.4%
3.2%
净利率更高
EPR
高出16.6%
20.0%
自由现金流更多
CDP
多$19.7M
$269.2M
两年增速更快
EPR
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $197.4M | $182.9M |
| 净利润 | $39.4M | $66.9M |
| 毛利率 | — | — |
| 营业利润率 | 19.9% | 56.8% |
| 净利率 | 20.0% | 36.6% |
| 营收同比 | 7.6% | 3.2% |
| 净利润同比 | 8.0% | 897.0% |
| 每股收益（稀释后） | $0.32 | $0.80 |
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CDPEPR
| Q4 25 | $197.4M | $182.9M | ||
| Q3 25 | $188.8M | $182.3M | ||
| Q2 25 | $189.9M | $178.1M | ||
| Q1 25 | $187.9M | $175.0M | ||
| Q4 24 | $183.4M | $177.2M | ||
| Q3 24 | $189.2M | $180.5M | ||
| Q2 24 | $187.3M | $173.1M | ||
| Q1 24 | $193.3M | $167.2M |
净利润CDPEPR
| Q4 25 | $39.4M | $66.9M | ||
| Q3 25 | $43.7M | $66.6M | ||
| Q2 25 | $40.2M | $75.6M | ||
| Q1 25 | $36.2M | $65.8M | ||
| Q4 24 | $36.5M | $-8.4M | ||
| Q3 24 | $37.4M | $46.6M | ||
| Q2 24 | $36.4M | $45.1M | ||
| Q1 24 | $33.7M | $62.7M |
营业利润率CDPEPR
| Q4 25 | 19.9% | 56.8% | ||
| Q3 25 | 22.5% | 53.5% | ||
| Q2 25 | 21.0% | 62.5% | ||
| Q1 25 | 19.1% | 58.1% | ||
| Q4 24 | 19.7% | 25.5% | ||
| Q3 24 | 19.8% | 51.4% | ||
| Q2 24 | 19.4% | 45.9% | ||
| Q1 24 | 17.5% | 58.8% |
净利率CDPEPR
| Q4 25 | 20.0% | 36.6% | ||
| Q3 25 | 23.2% | 36.5% | ||
| Q2 25 | 21.1% | 42.5% | ||
| Q1 25 | 19.3% | 37.6% | ||
| Q4 24 | 19.9% | -4.7% | ||
| Q3 24 | 19.8% | 25.8% | ||
| Q2 24 | 19.4% | 26.1% | ||
| Q1 24 | 17.4% | 37.5% |
每股收益（稀释后）CDPEPR
| Q4 25 | $0.32 | $0.80 | ||
| Q3 25 | $0.37 | $0.79 | ||
| Q2 25 | $0.34 | $0.91 | ||
| Q1 25 | $0.31 | $0.78 | ||
| Q4 24 | $0.31 | $-0.19 | ||
| Q3 24 | $0.32 | $0.53 | ||
| Q2 24 | $0.31 | $0.51 | ||
| Q1 24 | $0.29 | $0.75 |
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 | $275.0M | $90.6M |
| 总债务越低越好 | $2.8B | $2.9B |
| 股东权益账面价值 | $1.5B | $2.3B |
| 总资产 | $4.7B | $5.7B |
| 负债/权益比越低杠杆越低 | 1.83× | 1.26× |
8季度趋势，按日历期对齐
现金及短期投资CDPEPR
| Q4 25 | $275.0M | $90.6M | ||
| Q3 25 | $23.7M | $13.7M | ||
| Q2 25 | $21.3M | $13.0M | ||
| Q1 25 | $24.3M | $20.6M | ||
| Q4 24 | $38.3M | $22.1M | ||
| Q3 24 | $34.5M | $35.3M | ||
| Q2 24 | $100.4M | $33.7M | ||
| Q1 24 | $123.1M | $59.5M |
总债务CDPEPR
| Q4 25 | $2.8B | $2.9B | ||
| Q3 25 | $2.4B | $2.8B | ||
| Q2 25 | $2.4B | $2.8B | ||
| Q1 25 | $2.4B | $2.8B | ||
| Q4 24 | $2.4B | $2.9B | ||
| Q3 24 | $2.4B | $2.9B | ||
| Q2 24 | $2.4B | $2.8B | ||
| Q1 24 | $2.4B | $2.8B |
股东权益CDPEPR
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $1.5B | $2.3B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.5B | $2.4B | ||
| Q2 24 | $1.5B | $2.4B | ||
| Q1 24 | $1.5B | $2.4B |
总资产CDPEPR
| Q4 25 | $4.7B | $5.7B | ||
| Q3 25 | $4.4B | $5.5B | ||
| Q2 25 | $4.3B | $5.6B | ||
| Q1 25 | $4.3B | $5.5B | ||
| Q4 24 | $4.3B | $5.6B | ||
| Q3 24 | $4.2B | $5.7B | ||
| Q2 24 | $4.2B | $5.6B | ||
| Q1 24 | $4.2B | $5.7B |
负债/权益比CDPEPR
| Q4 25 | 1.83× | 1.26× | ||
| Q3 25 | 1.62× | 1.19× | ||
| Q2 25 | 1.63× | 1.20× | ||
| Q1 25 | 1.62× | 1.20× | ||
| Q4 24 | 1.60× | 1.23× | ||
| Q3 24 | 1.61× | 1.19× | ||
| Q2 24 | 1.61× | 1.16× | ||
| Q1 24 | 1.63× | 1.15× |
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 | $309.9M | $421.0M |
| 自由现金流经营现金流 - 资本支出 | $288.9M | $269.2M |
| 自由现金流率自由现金流/营收 | 146.4% | 147.1% |
| 资本支出强度资本支出/营收 | 10.7% | 82.9% |
| 现金转化率经营现金流/净利润 | 7.87× | 6.29× |
| 过去12个月自由现金流最近4个季度 | $501.5M | $568.5M |
8季度趋势，按日历期对齐
经营现金流CDPEPR
| Q4 25 | $309.9M | $421.0M | ||
| Q3 25 | $68.6M | $136.5M | ||
| Q2 25 | $87.9M | $87.3M | ||
| Q1 25 | $72.1M | $99.4M | ||
| Q4 24 | $331.0M | $393.1M | ||
| Q3 24 | $65.1M | $122.0M | ||
| Q2 24 | $93.8M | $78.7M | ||
| Q1 24 | $71.0M | $99.5M |
自由现金流CDPEPR
| Q4 25 | $288.9M | $269.2M | ||
| Q3 25 | $62.9M | $132.1M | ||
| Q2 25 | $84.5M | $82.4M | ||
| Q1 25 | $65.1M | $84.7M | ||
| Q4 24 | $299.6M | $129.2M | ||
| Q3 24 | $61.0M | $121.5M | ||
| Q2 24 | $88.4M | $71.3M | ||
| Q1 24 | $57.9M | $65.0M |
自由现金流率CDPEPR
| Q4 25 | 146.4% | 147.1% | ||
| Q3 25 | 33.3% | 72.5% | ||
| Q2 25 | 44.5% | 46.3% | ||
| Q1 25 | 34.7% | 48.4% | ||
| Q4 24 | 163.3% | 72.9% | ||
| Q3 24 | 32.3% | 67.3% | ||
| Q2 24 | 47.2% | 41.2% | ||
| Q1 24 | 30.0% | 38.9% |
资本支出强度CDPEPR
| Q4 25 | 10.7% | 82.9% | ||
| Q3 25 | 3.0% | 2.4% | ||
| Q2 25 | 1.8% | 2.7% | ||
| Q1 25 | 3.7% | 8.4% | ||
| Q4 24 | 17.1% | 148.9% | ||
| Q3 24 | 2.1% | 0.3% | ||
| Q2 24 | 2.9% | 4.2% | ||
| Q1 24 | 6.8% | 20.6% |
现金转化率CDPEPR
| Q4 25 | 7.87× | 6.29× | ||
| Q3 25 | 1.57× | 2.05× | ||
| Q2 25 | 2.19× | 1.15× | ||
| Q1 25 | 1.99× | 1.51× | ||
| Q4 24 | 9.08× | — | ||
| Q3 24 | 1.74× | 2.62× | ||
| Q2 24 | 2.58× | 1.74× | ||
| Q1 24 | 2.11× | 1.59× |
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
CDP
暂无分部数据
EPR
| Experiential Reportable Operating Segment | $173.3M | 95% |
| Education Reportable Operating Segment | $9.5M | 5% |
