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Digital Realty（DLR）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是Digital Realty的1.1倍（$1.8B vs $1.6B），西蒙地产集团净利率更高（197.6% vs 6.0%，领先191.6%），Digital Realty同比增速更快（16.1% vs 13.2%），过去两年西蒙地产集团的营收复合增速更高（11.4% vs 9.8%）
Digital Realty是一家全球知名的不动产投资信托企业，核心业务涵盖全球各地运营商中立数据中心的持有、运营与投资，可为客户提供数据中心部署、主机托管、网络互联等多元专业服务，能够满足不同企业对算力基础设施、数据存储及网络连接的多样化需求。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
DLR vs SPG — 直观对比
营收规模更大
SPG
是对方的1.1倍
$1.6B
营收增速更快
DLR
高出2.9%
13.2%
净利率更高
SPG
高出191.6%
6.0%
两年增速更快
SPG
近两年复合增速
9.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.8B |
| 净利润 | $98.6M | $3.5B |
| 毛利率 | — | — |
| 营业利润率 | 6.9% | 49.7% |
| 净利率 | 6.0% | 197.6% |
| 营收同比 | 16.1% | 13.2% |
| 净利润同比 | -10.3% | 358.7% |
| 每股收益（稀释后） | $0.22 | $9.34 |
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DLRSPG
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.4B | $1.5B |
净利润DLRSPG
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $3.5B | ||
| Q3 25 | $67.8M | $702.7M | ||
| Q2 25 | $1.0B | $643.7M | ||
| Q1 25 | $110.0M | $477.9M | ||
| Q4 24 | $189.6M | $771.8M | ||
| Q3 24 | $51.2M | $546.7M | ||
| Q2 24 | $80.2M | $569.4M |
营业利润率DLRSPG
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 49.7% | ||
| Q3 25 | 8.8% | 50.8% | ||
| Q2 25 | 14.2% | 49.7% | ||
| Q1 25 | 13.9% | 49.4% | ||
| Q4 24 | 10.1% | 52.8% | ||
| Q3 24 | 11.8% | 51.9% | ||
| Q2 24 | 0.7% | 51.7% |
净利率DLRSPG
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 197.6% | ||
| Q3 25 | 4.3% | 43.9% | ||
| Q2 25 | 69.1% | 43.0% | ||
| Q1 25 | 7.8% | 32.4% | ||
| Q4 24 | 13.2% | 48.8% | ||
| Q3 24 | 3.6% | 36.9% | ||
| Q2 24 | 5.9% | 39.0% |
每股收益（稀释后）DLRSPG
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $9.34 | ||
| Q3 25 | $0.15 | $1.86 | ||
| Q2 25 | $2.94 | $1.70 | ||
| Q1 25 | $0.27 | $1.27 | ||
| Q4 24 | $0.50 | $2.04 | ||
| Q3 24 | $0.09 | $1.46 | ||
| Q2 24 | $0.20 | $1.51 |
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 | $3.5B | $823.1M |
| 总债务越低越好 | — | $28.4B |
| 股东权益账面价值 | $22.9B | $5.2B |
| 总资产 | $49.4B | $40.6B |
| 负债/权益比越低杠杆越低 | — | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资DLRSPG
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $823.1M | ||
| Q3 25 | $3.3B | $1.6B | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $3.9B | $1.4B | ||
| Q3 24 | $2.2B | $2.5B | ||
| Q2 24 | $2.3B | $2.5B |
总债务DLRSPG
| Q1 26 | — | — | ||
| Q4 25 | — | $28.4B | ||
| Q3 25 | — | $25.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $24.8B | ||
| Q4 24 | — | $24.3B | ||
| Q3 24 | — | $25.4B | ||
| Q2 24 | — | $25.3B |
股东权益DLRSPG
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $5.2B | ||
| Q3 25 | $23.0B | $2.3B | ||
| Q2 25 | $22.9B | $2.5B | ||
| Q1 25 | $21.3B | $2.6B | ||
| Q4 24 | $21.3B | $2.9B | ||
| Q3 24 | $21.2B | $2.7B | ||
| Q2 24 | $20.5B | $2.9B |
总资产DLRSPG
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $40.6B | ||
| Q3 25 | $48.7B | $33.6B | ||
| Q2 25 | $48.7B | $33.3B | ||
| Q1 25 | $45.1B | $32.5B | ||
| Q4 24 | $45.3B | $32.4B | ||
| Q3 24 | $45.3B | $33.3B | ||
| Q2 24 | $43.6B | $33.4B |
负债/权益比DLRSPG
| Q1 26 | — | — | ||
| Q4 25 | — | 5.46× | ||
| Q3 25 | — | 10.98× | ||
| Q2 25 | — | 10.36× | ||
| Q1 25 | — | 9.50× | ||
| Q4 24 | — | 8.25× | ||
| Q3 24 | — | 9.37× | ||
| Q2 24 | — | 8.59× |
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 | — | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $948.8M |
| 自由现金流率自由现金流/营收 | — | 53.0% |
| 资本支出强度资本支出/营收 | — | 14.2% |
| 现金转化率经营现金流/净利润 | — | 0.34× |
| 过去12个月自由现金流最近4个季度 | — | $3.2B |
8季度趋势，按日历期对齐
经营现金流DLRSPG
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $1.2B | ||
| Q3 25 | $652.9M | $890.3M | ||
| Q2 25 | $641.2M | $1.2B | ||
| Q1 25 | $399.1M | $827.2M | ||
| Q4 24 | $769.5M | $1.1B | ||
| Q3 24 | $566.5M | $892.9M | ||
| Q2 24 | $573.2M | $1.1B |
自由现金流DLRSPG
| Q1 26 | — | — | ||
| Q4 25 | — | $948.8M | ||
| Q3 25 | — | $685.0M | ||
| Q2 25 | — | $971.3M | ||
| Q1 25 | — | $597.0M | ||
| Q4 24 | — | $867.7M | ||
| Q3 24 | — | $706.5M | ||
| Q2 24 | — | $874.8M |
自由现金流率DLRSPG
| Q1 26 | — | — | ||
| Q4 25 | — | 53.0% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 64.8% | ||
| Q1 25 | — | 40.5% | ||
| Q4 24 | — | 54.8% | ||
| Q3 24 | — | 47.7% | ||
| Q2 24 | — | 60.0% |
资本支出强度DLRSPG
| Q1 26 | — | — | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 15.6% | ||
| Q4 24 | — | 13.8% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 12.9% |
现金转化率DLRSPG
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | 0.34× | ||
| Q3 25 | 9.63× | 1.27× | ||
| Q2 25 | 0.62× | 1.89× | ||
| Q1 25 | 3.63× | 1.73× | ||
| Q4 24 | 4.06× | 1.41× | ||
| Q3 24 | 11.07× | 1.63× | ||
| Q2 24 | 7.15× | 1.87× |
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
DLR
暂无分部数据
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
