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Healthpeak Properties（DOC）与Extra Space Storage（EXR）财务数据对比。点击上方公司名可切换其他公司
Extra Space Storage的季度营收约是Healthpeak Properties的1.2倍（$856.0M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 28.2%，领先45.0%），Extra Space Storage同比增速更快（4.4% vs 3.1%），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 2.8%）
Healthpeak Properties是美国医疗地产领域的房地产投资信托基金，核心投资范畴覆盖老年住宅、生命科学相关物业及医疗办公楼三类资产。公司2007年于马里兰州组建，总部设在科罗拉多州丹佛市，在尔湾、纳什维尔、旧金山均设有办事处，截至2019年12月31日共持有617处物业的权益。
Extra Space Storage是总部位于美国犹他州卡顿伍德高地的房地产投资信托基金，主营自助仓储设施投资运营。旗下运营多个仓储品牌，提供温控仓、可驶入单元、储物柜、船只/房车/企业仓储等服务，截至2024年3月，在全美43个州及华盛顿特区共运营3714处网点。
DOC vs EXR — 直观对比
营收规模更大
EXR
是对方的1.2倍
$719.4M
营收增速更快
EXR
高出1.3%
3.1%
净利率更高
DOC
高出45.0%
28.2%
两年增速更快
DOC
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $856.0M |
| 净利润 | $114.0M | $241.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 42.9% |
| 净利率 | 73.2% | 28.2% |
| 营收同比 | 3.1% | 4.4% |
| 净利润同比 | 2406.4% | -11.0% |
| 每股收益（稀释后） | $0.16 | $1.14 |
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DOCEXR
| Q1 26 | — | $856.0M | ||
| Q4 25 | $719.4M | $857.5M | ||
| Q3 25 | $705.9M | $858.5M | ||
| Q2 25 | $694.3M | $841.6M | ||
| Q1 25 | $702.9M | $820.0M | ||
| Q4 24 | $698.0M | $821.9M | ||
| Q3 24 | $700.4M | $824.8M | ||
| Q2 24 | $695.5M | $810.7M |
净利润DOCEXR
| Q1 26 | — | $241.0M | ||
| Q4 25 | $114.0M | $287.4M | ||
| Q3 25 | $-117.1M | $166.0M | ||
| Q2 25 | $31.7M | $249.7M | ||
| Q1 25 | $42.8M | $270.9M | ||
| Q4 24 | $4.5M | $262.5M | ||
| Q3 24 | $85.9M | $193.2M | ||
| Q2 24 | $146.0M | $185.9M |
毛利率DOCEXR
| Q1 26 | — | — | ||
| Q4 25 | — | 73.0% | ||
| Q3 25 | 58.6% | 72.6% | ||
| Q2 25 | 60.2% | 73.0% | ||
| Q1 25 | 61.1% | 72.7% | ||
| Q4 24 | 60.3% | 73.1% | ||
| Q3 24 | 60.0% | 74.7% | ||
| Q2 24 | 60.6% | 75.7% |
营业利润率DOCEXR
| Q1 26 | — | 42.9% | ||
| Q4 25 | 17.4% | 43.3% | ||
| Q3 25 | 9.2% | 32.5% | ||
| Q2 25 | 5.7% | 44.4% | ||
| Q1 25 | 7.7% | 47.4% | ||
| Q4 24 | -2.2% | 46.2% | ||
| Q3 24 | 14.1% | 36.7% | ||
| Q2 24 | 22.3% | 37.6% |
净利率DOCEXR
| Q1 26 | — | 28.2% | ||
| Q4 25 | 73.2% | 33.5% | ||
| Q3 25 | -16.6% | 19.3% | ||
| Q2 25 | 4.6% | 29.7% | ||
| Q1 25 | 6.1% | 33.0% | ||
| Q4 24 | 0.7% | 31.9% | ||
| Q3 24 | 12.3% | 23.4% | ||
| Q2 24 | 21.0% | 22.9% |
每股收益（稀释后）DOCEXR
| Q1 26 | — | $1.14 | ||
| Q4 25 | $0.16 | $1.35 | ||
| Q3 25 | $-0.17 | $0.78 | ||
| Q2 25 | $0.05 | $1.18 | ||
| Q1 25 | $0.06 | $1.28 | ||
| Q4 24 | $0.02 | $1.23 | ||
| Q3 24 | $0.12 | $0.91 | ||
| Q2 24 | $0.21 | $0.88 |
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 | $467.5M | $139.0M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | — |
| 总资产 | $20.3B | $29.1B |
| 负债/权益比越低杠杆越低 | 1.31× | — |
8季度趋势，按日历期对齐
现金及短期投资DOCEXR
| Q1 26 | — | $139.0M | ||
| Q4 25 | $467.5M | $138.9M | ||
| Q3 25 | $91.0M | $111.9M | ||
| Q2 25 | $89.4M | $125.0M | ||
| Q1 25 | $70.6M | $119.6M | ||
| Q4 24 | $119.8M | $138.2M | ||
| Q3 24 | $180.4M | $88.9M | ||
| Q2 24 | $106.9M | $77.0M |
总债务DOCEXR
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | — | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | — | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — |
股东权益DOCEXR
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $13.4B | ||
| Q3 25 | $7.6B | $13.6B | ||
| Q2 25 | $7.9B | $13.8B | ||
| Q1 25 | $8.2B | $13.9B | ||
| Q4 24 | $8.4B | $13.9B | ||
| Q3 24 | $8.6B | $14.0B | ||
| Q2 24 | $8.8B | $14.2B |
总资产DOCEXR
| Q1 26 | — | $29.1B | ||
| Q4 25 | $20.3B | $29.3B | ||
| Q3 25 | $19.6B | $29.2B | ||
| Q2 25 | $19.8B | $29.4B | ||
| Q1 25 | $19.8B | $29.0B | ||
| Q4 24 | $19.9B | $28.8B | ||
| Q3 24 | $20.0B | $28.1B | ||
| Q2 24 | $20.2B | $27.8B |
负债/权益比DOCEXR
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 0.98× | — |
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 | $1.3B | — |
| 自由现金流经营现金流 - 资本支出 | $357.0M | — |
| 自由现金流率自由现金流/营收 | 49.6% | — |
| 资本支出强度资本支出/营收 | 124.4% | — |
| 现金转化率经营现金流/净利润 | 10.99× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DOCEXR
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $315.0M | $457.1M | ||
| Q2 25 | $363.5M | $543.9M | ||
| Q1 25 | $279.4M | $481.4M | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $318.2M | $468.4M | ||
| Q2 24 | $316.2M | $545.2M |
自由现金流DOCEXR
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | $1.6B | ||
| Q3 25 | — | $444.2M | ||
| Q2 25 | — | $382.1M | ||
| Q1 25 | — | $345.4M | ||
| Q4 24 | $333.7M | $1.6B | ||
| Q3 24 | — | $310.1M | ||
| Q2 24 | — | $517.6M |
自由现金流率DOCEXR
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | 186.5% | ||
| Q3 25 | — | 51.7% | ||
| Q2 25 | — | 45.4% | ||
| Q1 25 | — | 42.1% | ||
| Q4 24 | 47.8% | 198.2% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 63.8% |
资本支出强度DOCEXR
| Q1 26 | — | — | ||
| Q4 25 | 124.4% | 29.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 19.2% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | 105.6% | 31.4% | ||
| Q3 24 | — | 19.2% | ||
| Q2 24 | — | 3.4% |
现金转化率DOCEXR
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 6.44× | ||
| Q3 25 | — | 2.75× | ||
| Q2 25 | 11.48× | 2.18× | ||
| Q1 25 | 6.52× | 1.78× | ||
| Q4 24 | 235.43× | 7.19× | ||
| Q3 24 | 3.71× | 2.42× | ||
| Q2 24 | 2.17× | 2.93× |
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
DOC
暂无分部数据
EXR
| Property rental | $733.2M | 86% |
| Tenant reinsurance | $89.1M | 10% |
| Management fees and other income | $33.7M | 4% |
