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CENTERSPACE（CSR）与弗雷斯特研究公司（FORR）财务数据对比。点击上方公司名可切换其他公司
弗雷斯特研究公司的季度营收约是CENTERSPACE的1.5倍（$101.1M vs $66.6M），CENTERSPACE净利率更高（-27.7% vs -33.5%，领先5.9%），CENTERSPACE同比增速更快（0.3% vs -6.5%），CENTERSPACE自由现金流更多（$64.3M vs $-4.3M），过去两年CENTERSPACE的营收复合增速更高（1.6% vs 0.5%）
Centerspace是一家专注于多户住宅物业持有、运营与开发的房地产投资企业，核心业务覆盖美国中西部及落基山西部区域，面向不同租户群体提供经济型及高端住宅选择，重视租户体验与资产长期价值增长。
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
CSR vs FORR — 直观对比
营收规模更大
FORR
是对方的1.5倍
$66.6M
营收增速更快
CSR
高出6.8%
-6.5%
净利率更高
CSR
高出5.9%
-33.5%
自由现金流更多
CSR
多$68.6M
$-4.3M
两年增速更快
CSR
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $101.1M |
| 净利润 | $-18.4M | $-33.9M |
| 毛利率 | 96.5% | 56.7% |
| 营业利润率 | -15.9% | -36.6% |
| 净利率 | -27.7% | -33.5% |
| 营收同比 | 0.3% | -6.5% |
| 净利润同比 | -262.9% | -7941.4% |
| 每股收益（稀释后） | $-1.08 | $-1.75 |
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CSRFORR
| Q4 25 | $66.6M | $101.1M | ||
| Q3 25 | $71.4M | $94.3M | ||
| Q2 25 | $68.5M | $111.7M | ||
| Q1 25 | $67.1M | $89.9M | ||
| Q4 24 | $66.4M | $108.0M | ||
| Q3 24 | $65.0M | $102.5M | ||
| Q2 24 | $65.0M | $121.8M | ||
| Q1 24 | $64.5M | $100.1M |
净利润CSRFORR
| Q4 25 | $-18.4M | $-33.9M | ||
| Q3 25 | $53.8M | $-2.1M | ||
| Q2 25 | $-14.5M | $3.9M | ||
| Q1 25 | $-3.7M | $-87.3M | ||
| Q4 24 | $-5.1M | $432.0K | ||
| Q3 24 | $-1.0M | $-5.8M | ||
| Q2 24 | $-1.3M | $6.3M | ||
| Q1 24 | $-3.9M | $-6.7M |
毛利率CSRFORR
| Q4 25 | 96.5% | 56.7% | ||
| Q3 25 | 96.5% | 60.0% | ||
| Q2 25 | 96.5% | 55.5% | ||
| Q1 25 | 96.4% | 55.9% | ||
| Q4 24 | 96.5% | 58.8% | ||
| Q3 24 | 96.6% | 60.5% | ||
| Q2 24 | 96.6% | 57.3% | ||
| Q1 24 | 96.4% | 54.9% |
营业利润率CSRFORR
| Q4 25 | -15.9% | -36.6% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | -9.9% | 6.2% | ||
| Q1 25 | 7.1% | -97.5% | ||
| Q4 24 | 4.3% | -0.5% | ||
| Q3 24 | 9.8% | -0.7% | ||
| Q2 24 | 11.1% | 9.3% | ||
| Q1 24 | 6.3% | -9.3% |
净利率CSRFORR
| Q4 25 | -27.7% | -33.5% | ||
| Q3 25 | 75.3% | -2.3% | ||
| Q2 25 | -21.2% | 3.5% | ||
| Q1 25 | -5.6% | -97.1% | ||
| Q4 24 | -7.6% | 0.4% | ||
| Q3 24 | -1.6% | -5.7% | ||
| Q2 24 | -2.0% | 5.2% | ||
| Q1 24 | -6.1% | -6.7% |
每股收益（稀释后）CSRFORR
| Q4 25 | $-1.08 | $-1.75 | ||
| Q3 25 | $3.19 | $-0.11 | ||
| Q2 25 | $-0.87 | $0.20 | ||
| Q1 25 | $-0.22 | $-4.62 | ||
| Q4 24 | $-0.31 | $0.02 | ||
| Q3 24 | $-0.40 | $-0.30 | ||
| Q2 24 | $-0.19 | $0.33 | ||
| Q1 24 | $-0.37 | $-0.35 |
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 | $12.8M | $63.3M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $719.2M | $126.5M |
| 总资产 | $1.9B | $404.0M |
| 负债/权益比越低杠杆越低 | 1.42× | — |
8季度趋势，按日历期对齐
现金及短期投资CSRFORR
| Q4 25 | $12.8M | $63.3M | ||
| Q3 25 | $12.9M | $65.1M | ||
| Q2 25 | $12.4M | $67.8M | ||
| Q1 25 | $11.9M | $75.6M | ||
| Q4 24 | $12.0M | $56.1M | ||
| Q3 24 | $14.5M | $62.8M | ||
| Q2 24 | $14.3M | $58.9M | ||
| Q1 24 | $12.7M | $61.4M |
总债务CSRFORR
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $955.5M | — | ||
| Q4 24 | $955.4M | — | ||
| Q3 24 | $921.3M | — | ||
| Q2 24 | $931.7M | — | ||
| Q1 24 | $929.1M | — |
股东权益CSRFORR
| Q4 25 | $719.2M | $126.5M | ||
| Q3 25 | $748.6M | $157.7M | ||
| Q2 25 | $710.1M | $159.5M | ||
| Q1 25 | $636.8M | $147.4M | ||
| Q4 24 | $752.0M | $229.5M | ||
| Q3 24 | $672.5M | $234.3M | ||
| Q2 24 | $680.7M | $237.1M | ||
| Q1 24 | $688.1M | $230.9M |
总资产CSRFORR
| Q4 25 | $1.9B | $404.0M | ||
| Q3 25 | $2.1B | $414.2M | ||
| Q2 25 | $2.0B | $436.0M | ||
| Q1 25 | $1.9B | $439.8M | ||
| Q4 24 | $1.9B | $503.9M | ||
| Q3 24 | $1.9B | $505.3M | ||
| Q2 24 | $1.9B | $524.2M | ||
| Q1 24 | $1.9B | $555.7M |
负债/权益比CSRFORR
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.50× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 1.35× | — |
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 | $98.5M | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $-4.3M |
| 自由现金流率自由现金流/营收 | 96.5% | -4.2% |
| 资本支出强度资本支出/营收 | 51.3% | 1.1% |
| 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 | $125.9M | $18.1M |
8季度趋势，按日历期对齐
经营现金流CSRFORR
| Q4 25 | $98.5M | $-3.2M | ||
| Q3 25 | $35.1M | $1.2M | ||
| Q2 25 | $25.3M | $-3.6M | ||
| Q1 25 | $25.4M | $26.7M | ||
| Q4 24 | $98.2M | $-1.8M | ||
| Q3 24 | $32.3M | $264.0K | ||
| Q2 24 | $22.9M | $-2.9M | ||
| Q1 24 | $24.4M | $611.0K |
自由现金流CSRFORR
| Q4 25 | $64.3M | $-4.3M | ||
| Q3 25 | $25.7M | $524.0K | ||
| Q2 25 | $15.5M | $-4.2M | ||
| Q1 25 | $20.4M | $26.1M | ||
| Q4 24 | $41.6M | $-2.5M | ||
| Q3 24 | $20.5M | $-223.0K | ||
| Q2 24 | $9.1M | $-3.7M | ||
| Q1 24 | $2.6M | $-815.0K |
自由现金流率CSRFORR
| Q4 25 | 96.5% | -4.2% | ||
| Q3 25 | 36.0% | 0.6% | ||
| Q2 25 | 22.7% | -3.8% | ||
| Q1 25 | 30.4% | 29.0% | ||
| Q4 24 | 62.6% | -2.3% | ||
| Q3 24 | 31.5% | -0.2% | ||
| Q2 24 | 14.0% | -3.1% | ||
| Q1 24 | 4.0% | -0.8% |
资本支出强度CSRFORR
| Q4 25 | 51.3% | 1.1% | ||
| Q3 25 | 13.1% | 0.7% | ||
| Q2 25 | 14.2% | 0.5% | ||
| Q1 25 | 7.5% | 0.7% | ||
| Q4 24 | 85.3% | 0.6% | ||
| Q3 24 | 18.2% | 0.5% | ||
| Q2 24 | 21.2% | 0.7% | ||
| Q1 24 | 33.8% | 1.4% |
现金转化率CSRFORR
| Q4 25 | — | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | — | -0.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.46× | ||
| 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
CSR
| Multi Family Residential | $57.3M | 86% |
| Other | $8.1M | 12% |
| Other Property Revenue | $1.2M | 2% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
