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Healthpeak Properties（DOC）与Gaming & Leisure Properties, Inc.（GLPI）财务数据对比。点击上方公司名可切换其他公司
Healthpeak Properties的季度营收约是Gaming & Leisure Properties, Inc.的1.7倍（$719.4M vs $420.0M），Healthpeak Properties净利率更高（73.2% vs 57.0%，领先16.2%），Gaming & Leisure Properties, Inc.同比增速更快（6.3% vs 3.1%），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 5.0%）
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。
博彩与休闲地产公司（GLPI）是一家专注于赌场物业的房地产投资信托（REIT），总部位于宾夕法尼亚州怀奥米辛。公司于2013年11月从宾州国民娱乐分拆成立，目前持有62处赌场物业，全部对外出租给其他企业运营。
DOC vs GLPI — 直观对比
营收规模更大
DOC
是对方的1.7倍
$420.0M
营收增速更快
GLPI
高出3.2%
3.1%
净利率更高
DOC
高出16.2%
57.0%
两年增速更快
DOC
近两年复合增速
5.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $420.0M |
| 净利润 | $114.0M | $239.4M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 79.4% |
| 净利率 | 73.2% | 57.0% |
| 营收同比 | 3.1% | 6.3% |
| 净利润同比 | 2406.4% | 40.5% |
| 每股收益（稀释后） | $0.16 | — |
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DOCGLPI
| Q1 26 | — | $420.0M | ||
| Q4 25 | $719.4M | $407.0M | ||
| Q3 25 | $705.9M | $397.6M | ||
| Q2 25 | $694.3M | $394.9M | ||
| Q1 25 | $702.9M | $395.2M | ||
| Q4 24 | $698.0M | $389.6M | ||
| Q3 24 | $700.4M | $385.3M | ||
| Q2 24 | $695.5M | $380.6M |
净利润DOCGLPI
| Q1 26 | — | $239.4M | ||
| Q4 25 | $114.0M | $275.4M | ||
| Q3 25 | $-117.1M | $241.2M | ||
| Q2 25 | $31.7M | $151.4M | ||
| Q1 25 | $42.8M | $165.2M | ||
| Q4 24 | $4.5M | $223.6M | ||
| Q3 24 | $85.9M | $184.7M | ||
| Q2 24 | $146.0M | $208.3M |
毛利率DOCGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 58.6% | — | ||
| Q2 25 | 60.2% | — | ||
| Q1 25 | 61.1% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | 60.6% | — |
营业利润率DOCGLPI
| Q1 26 | — | 79.4% | ||
| Q4 25 | 17.4% | 89.3% | ||
| Q3 25 | 9.2% | 84.8% | ||
| Q2 25 | 5.7% | 61.3% | ||
| Q1 25 | 7.7% | 65.5% | ||
| Q4 24 | -2.2% | 79.1% | ||
| Q3 24 | 14.1% | 70.4% | ||
| Q2 24 | 22.3% | 77.1% |
净利率DOCGLPI
| Q1 26 | — | 57.0% | ||
| Q4 25 | 73.2% | 67.6% | ||
| Q3 25 | -16.6% | 60.7% | ||
| Q2 25 | 4.6% | 38.4% | ||
| Q1 25 | 6.1% | 41.8% | ||
| Q4 24 | 0.7% | 57.4% | ||
| Q3 24 | 12.3% | 47.9% | ||
| Q2 24 | 21.0% | 54.7% |
每股收益（稀释后）DOCGLPI
| Q1 26 | — | — | ||
| Q4 25 | $0.16 | $0.96 | ||
| Q3 25 | $-0.17 | $0.85 | ||
| Q2 25 | $0.05 | $0.54 | ||
| Q1 25 | $0.06 | $0.60 | ||
| Q4 24 | $0.02 | $0.79 | ||
| Q3 24 | $0.12 | $0.67 | ||
| Q2 24 | $0.21 | $0.77 |
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 | $274.5M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $5.0B |
| 总资产 | $20.3B | $13.8B |
| 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DOCGLPI
| Q1 26 | — | $274.5M | ||
| Q4 25 | $467.5M | — | ||
| Q3 25 | $91.0M | — | ||
| Q2 25 | $89.4M | — | ||
| Q1 25 | $70.6M | — | ||
| Q4 24 | $119.8M | $560.8M | ||
| Q3 24 | $180.4M | $560.8M | ||
| Q2 24 | $106.9M | $560.8M |
总债务DOCGLPI
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | $7.2B | ||
| Q3 25 | $9.1B | $7.2B | ||
| Q2 25 | $9.0B | $6.9B | ||
| Q1 25 | $8.9B | $6.9B | ||
| Q4 24 | $8.7B | $7.7B | ||
| Q3 24 | $8.6B | $7.4B | ||
| Q2 24 | $8.6B | $6.6B |
股东权益DOCGLPI
| Q1 26 | — | $5.0B | ||
| Q4 25 | $7.5B | $4.6B | ||
| Q3 25 | $7.6B | $4.6B | ||
| Q2 25 | $7.9B | $4.6B | ||
| Q1 25 | $8.2B | $4.2B | ||
| Q4 24 | $8.4B | $4.3B | ||
| Q3 24 | $8.6B | $4.3B | ||
| Q2 24 | $8.8B | $4.1B |
总资产DOCGLPI
| Q1 26 | — | $13.8B | ||
| Q4 25 | $20.3B | $12.9B | ||
| Q3 25 | $19.6B | $12.8B | ||
| Q2 25 | $19.8B | $12.5B | ||
| Q1 25 | $19.8B | $12.1B | ||
| Q4 24 | $19.9B | $13.1B | ||
| Q3 24 | $20.0B | $12.7B | ||
| Q2 24 | $20.2B | $11.8B |
负债/权益比DOCGLPI
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | 1.56× | ||
| Q3 25 | 1.20× | 1.57× | ||
| Q2 25 | 1.14× | 1.51× | ||
| Q1 25 | 1.08× | 1.63× | ||
| Q4 24 | 1.04× | 1.81× | ||
| Q3 24 | 1.00× | 1.74× | ||
| Q2 24 | 0.98× | 1.60× |
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DOCGLPI
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $315.0M | $240.3M | ||
| Q2 25 | $363.5M | $293.4M | ||
| Q1 25 | $279.4M | $252.5M | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $318.2M | $270.4M | ||
| Q2 24 | $316.2M | $252.1M |
自由现金流DOCGLPI
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | — | ||
| Q3 25 | — | $183.0M | ||
| Q2 25 | — | $272.3M | ||
| Q1 25 | — | $239.6M | ||
| Q4 24 | $333.7M | $1.1B | ||
| Q3 24 | — | $261.5M | ||
| Q2 24 | — | $245.0M |
自由现金流率DOCGLPI
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | — | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 69.0% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | 47.8% | 275.3% | ||
| Q3 24 | — | 67.9% | ||
| Q2 24 | — | 64.4% |
资本支出强度DOCGLPI
| Q1 26 | — | — | ||
| Q4 25 | 124.4% | — | ||
| Q3 25 | — | 14.4% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | 105.6% | 0.0% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 1.9% |
现金转化率DOCGLPI
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 4.10× | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | 11.48× | 1.94× | ||
| Q1 25 | 6.52× | 1.53× | ||
| Q4 24 | 235.43× | 4.80× | ||
| Q3 24 | 3.71× | 1.46× | ||
| Q2 24 | 2.17× | 1.21× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
