vs
CENTERSPACE（CSR）与SONIDA SENIOR LIVING, INC.（SNDA）财务数据对比。点击上方公司名可切换其他公司
SONIDA SENIOR LIVING, INC.的季度营收约是CENTERSPACE的1.5倍（$97.7M vs $66.6M），CENTERSPACE净利率更高（-27.7% vs -30.5%，领先2.8%），SONIDA SENIOR LIVING, INC.同比增速更快（6.2% vs 0.3%），CENTERSPACE自由现金流更多（$64.3M vs $-9.3M），过去两年SONIDA SENIOR LIVING, INC.的营收复合增速更高（20.3% vs 1.6%）
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。
Sonida Senior Living, Inc.是美国领先的养老社区运营商、所有者与投资方，按容纳居住人数规模位居行业前列。该公司及前身自1990年起深耕养老住房服务，截至2025年6月1日，已在美国20个州运营96个养老社区，总可容纳超1万名长者，其中83个为公司自有产权社区，13个为第三方委托管理社区。
CSR vs SNDA — 直观对比
营收规模更大
SNDA
是对方的1.5倍
$66.6M
营收增速更快
SNDA
高出5.9%
0.3%
净利率更高
CSR
高出2.8%
-30.5%
自由现金流更多
CSR
多$73.6M
$-9.3M
两年增速更快
SNDA
近两年复合增速
1.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.6M | $97.7M |
| 净利润 | $-18.4M | $-29.8M |
| 毛利率 | 96.5% | — |
| 营业利润率 | -15.9% | -30.8% |
| 净利率 | -27.7% | -30.5% |
| 营收同比 | 0.3% | 6.2% |
| 净利润同比 | -262.9% | -441.0% |
| 每股收益（稀释后） | $-1.08 | $-1.73 |
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CSRSNDA
| Q4 25 | $66.6M | $97.7M | ||
| Q3 25 | $71.4M | $98.0M | ||
| Q2 25 | $68.5M | $93.5M | ||
| Q1 25 | $67.1M | $91.9M | ||
| Q4 24 | $66.4M | $91.9M | ||
| Q3 24 | $65.0M | $74.8M | ||
| Q2 24 | $65.0M | $70.2M | ||
| Q1 24 | $64.5M | $67.4M |
净利润CSRSNDA
| Q4 25 | $-18.4M | $-29.8M | ||
| Q3 25 | $53.8M | $-26.9M | ||
| Q2 25 | $-14.5M | $-1.6M | ||
| Q1 25 | $-3.7M | $-12.5M | ||
| Q4 24 | $-5.1M | $-5.5M | ||
| Q3 24 | $-1.0M | $-13.8M | ||
| Q2 24 | $-1.3M | $-9.8M | ||
| Q1 24 | $-3.9M | $27.0M |
毛利率CSRSNDA
| Q4 25 | 96.5% | — | ||
| Q3 25 | 96.5% | — | ||
| Q2 25 | 96.5% | — | ||
| Q1 25 | 96.4% | — | ||
| Q4 24 | 96.5% | — | ||
| Q3 24 | 96.6% | — | ||
| Q2 24 | 96.6% | — | ||
| Q1 24 | 96.4% | — |
营业利润率CSRSNDA
| Q4 25 | -15.9% | -30.8% | ||
| Q3 25 | — | -27.8% | ||
| Q2 25 | -9.9% | -2.0% | ||
| Q1 25 | 7.1% | 21.9% | ||
| Q4 24 | 4.3% | -6.7% | ||
| Q3 24 | 9.8% | -19.0% | ||
| Q2 24 | 11.1% | -13.9% | ||
| Q1 24 | 6.3% | 22.1% |
净利率CSRSNDA
| Q4 25 | -27.7% | -30.5% | ||
| Q3 25 | 75.3% | -27.4% | ||
| Q2 25 | -21.2% | -1.7% | ||
| Q1 25 | -5.6% | -13.6% | ||
| Q4 24 | -7.6% | -6.0% | ||
| Q3 24 | -1.6% | -18.4% | ||
| Q2 24 | -2.0% | -14.0% | ||
| Q1 24 | -6.1% | 40.1% |
每股收益（稀释后）CSRSNDA
| Q4 25 | $-1.08 | $-1.73 | ||
| Q3 25 | $3.19 | $-1.56 | ||
| Q2 25 | $-0.87 | $-0.16 | ||
| Q1 25 | $-0.22 | $-0.77 | ||
| Q4 24 | $-0.31 | $-0.86 | ||
| Q3 24 | $-0.40 | $-0.98 | ||
| Q2 24 | $-0.19 | $-0.86 | ||
| Q1 24 | $-0.37 | $2.16 |
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 | $11.0M |
| 总债务越低越好 | $1.0B | $689.7M |
| 股东权益账面价值 | $719.2M | $-11.0K |
| 总资产 | $1.9B | $844.8M |
| 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CSRSNDA
| Q4 25 | $12.8M | $11.0M | ||
| Q3 25 | $12.9M | $17.0M | ||
| Q2 25 | $12.4M | $14.1M | ||
| Q1 25 | $11.9M | $14.0M | ||
| Q4 24 | $12.0M | $17.0M | ||
| Q3 24 | $14.5M | $24.9M | ||
| Q2 24 | $14.3M | $9.5M | ||
| Q1 24 | $12.7M | $24.2M |
总债务CSRSNDA
| Q4 25 | $1.0B | $689.7M | ||
| Q3 25 | $1.1B | $684.4M | ||
| Q2 25 | $1.1B | $677.9M | ||
| Q1 25 | $955.5M | $650.9M | ||
| Q4 24 | $955.4M | $651.4M | ||
| Q3 24 | $921.3M | $604.1M | ||
| Q2 24 | $931.7M | $583.8M | ||
| Q1 24 | $929.1M | $578.1M |
股东权益CSRSNDA
| Q4 25 | $719.2M | $-11.0K | ||
| Q3 25 | $748.6M | $29.8M | ||
| Q2 25 | $710.1M | $56.7M | ||
| Q1 25 | $636.8M | $58.8M | ||
| Q4 24 | $752.0M | $71.8M | ||
| Q3 24 | $672.5M | $77.5M | ||
| Q2 24 | $680.7M | $-34.1M | ||
| Q1 24 | $688.1M | $-41.4M |
总资产CSRSNDA
| Q4 25 | $1.9B | $844.8M | ||
| Q3 25 | $2.1B | $854.8M | ||
| Q2 25 | $2.0B | $849.8M | ||
| Q1 25 | $1.9B | $824.5M | ||
| Q4 24 | $1.9B | $841.9M | ||
| Q3 24 | $1.9B | $796.2M | ||
| Q2 24 | $1.9B | $652.2M | ||
| Q1 24 | $1.9B | $636.3M |
负债/权益比CSRSNDA
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.53× | 22.99× | ||
| Q2 25 | 1.57× | 11.96× | ||
| Q1 25 | 1.50× | 11.08× | ||
| Q4 24 | 1.27× | 9.07× | ||
| Q3 24 | 1.37× | 7.79× | ||
| 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 | $-400.0K |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $-9.3M |
| 自由现金流率自由现金流/营收 | 96.5% | -9.5% |
| 资本支出强度资本支出/营收 | 51.3% | 9.1% |
| 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 | $-8.9M |
8季度趋势，按日历期对齐
经营现金流CSRSNDA
| Q4 25 | $98.5M | $-400.0K | ||
| Q3 25 | $35.1M | $12.0M | ||
| Q2 25 | $25.3M | $8.9M | ||
| Q1 25 | $25.4M | $3.8M | ||
| Q4 24 | $98.2M | $-3.1M | ||
| Q3 24 | $32.3M | $3.0M | ||
| Q2 24 | $22.9M | $2.5M | ||
| Q1 24 | $24.4M | $-4.1M |
自由现金流CSRSNDA
| Q4 25 | $64.3M | $-9.3M | ||
| Q3 25 | $25.7M | $3.0M | ||
| Q2 25 | $15.5M | $1.9M | ||
| Q1 25 | $20.4M | $-4.5M | ||
| Q4 24 | $41.6M | $-10.4M | ||
| Q3 24 | $20.5M | $-5.1M | ||
| Q2 24 | $9.1M | $-1.7M | ||
| Q1 24 | $2.6M | $-9.9M |
自由现金流率CSRSNDA
| Q4 25 | 96.5% | -9.5% | ||
| Q3 25 | 36.0% | 3.0% | ||
| Q2 25 | 22.7% | 2.1% | ||
| Q1 25 | 30.4% | -4.9% | ||
| Q4 24 | 62.6% | -11.3% | ||
| Q3 24 | 31.5% | -6.8% | ||
| Q2 24 | 14.0% | -2.4% | ||
| Q1 24 | 4.0% | -14.6% |
资本支出强度CSRSNDA
| Q4 25 | 51.3% | 9.1% | ||
| Q3 25 | 13.1% | 9.2% | ||
| Q2 25 | 14.2% | 7.5% | ||
| Q1 25 | 7.5% | 9.1% | ||
| Q4 24 | 85.3% | 7.9% | ||
| Q3 24 | 18.2% | 10.8% | ||
| Q2 24 | 21.2% | 5.9% | ||
| Q1 24 | 33.8% | 8.5% |
现金转化率CSRSNDA
| Q4 25 | — | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.15× |
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% |
SNDA
| Health Care Resident Service | $86.3M | 88% |
| Community Reimbursement Revenue | $10.3M | 11% |
| Management Service | $1.1M | 1% |
