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牛津地产（IIPR）与香港置地（LAND）财务数据对比。点击上方公司名可切换其他公司
牛津地产的季度营收约是香港置地的1.6倍（$66.7M vs $41.5M），牛津地产净利率更高（47.8% vs 10.2%，领先37.6%），香港置地同比增速更快（96.5% vs -13.1%），过去两年香港置地的营收复合增速更高（43.1% vs -6.0%）
牛津地产是一家加拿大跨国企业，业务涵盖房地产投资、开发与物业管理。其投资组合包含写字楼、零售、工业、多户住宅、生命科学及酒店类资产。该公司1960年以私营企业形式创立，自2003年起成为安大略省市政雇员退休系统（OMERS）的全资子公司，总部设于多伦多，在纽约、伦敦、澳大利亚、新加坡及卢森堡均设有区域总部。
香港置地是一家专注于房地产投资、管理及开发的集团，在亚洲各地布局商业与住宅地产业务。目前集团在亚洲持有并运营约85万平方米的写字楼及商业零售物业，核心布局中国香港与新加坡两地，其中香港中环的商业物业规模居当地首位，新加坡则主要通过合资持有约16.5万平方米的写字楼空间。
IIPR vs LAND — 直观对比
营收规模更大
IIPR
是对方的1.6倍
$41.5M
营收增速更快
LAND
高出109.6%
-13.1%
净利率更高
IIPR
高出37.6%
10.2%
两年增速更快
LAND
近两年复合增速
-6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.7M | $41.5M |
| 净利润 | $31.8M | $4.2M |
| 毛利率 | — | — |
| 营业利润率 | 47.8% | — |
| 净利率 | 47.8% | 10.2% |
| 营收同比 | -13.1% | 96.5% |
| 净利润同比 | -20.4% | 680.0% |
| 每股收益（稀释后） | $1.07 | $-0.05 |
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IIPRLAND
| Q4 25 | $66.7M | $41.5M | ||
| Q3 25 | $64.7M | $17.8M | ||
| Q2 25 | $62.9M | $12.3M | ||
| Q1 25 | $71.7M | $16.8M | ||
| Q4 24 | $76.7M | $21.1M | ||
| Q3 24 | $76.5M | $22.6M | ||
| Q2 24 | $79.8M | $21.3M | ||
| Q1 24 | $75.5M | $20.3M |
净利润IIPRLAND
| Q4 25 | $31.8M | $4.2M | ||
| Q3 25 | $29.3M | $2.1M | ||
| Q2 25 | $26.0M | $-7.9M | ||
| Q1 25 | $31.1M | $15.1M | ||
| Q4 24 | $40.0M | $540.0K | ||
| Q3 24 | $40.2M | $6.0K | ||
| Q2 24 | $42.0M | $-823.0K | ||
| Q1 24 | $39.4M | $13.6M |
营业利润率IIPRLAND
| Q4 25 | 47.8% | — | ||
| Q3 25 | 45.5% | — | ||
| Q2 25 | 45.9% | — | ||
| Q1 25 | 47.4% | — | ||
| Q4 24 | 54.7% | — | ||
| Q3 24 | 54.8% | — | ||
| Q2 24 | 53.1% | — | ||
| Q1 24 | 55.7% | — |
净利率IIPRLAND
| Q4 25 | 47.8% | 10.2% | ||
| Q3 25 | 45.3% | 11.7% | ||
| Q2 25 | 41.4% | -64.1% | ||
| Q1 25 | 43.3% | 89.9% | ||
| Q4 24 | 52.2% | 2.6% | ||
| Q3 24 | 52.6% | 0.0% | ||
| Q2 24 | 52.6% | -3.9% | ||
| Q1 24 | 52.3% | 67.0% |
每股收益（稀释后）IIPRLAND
| Q4 25 | $1.07 | $-0.05 | ||
| Q3 25 | $0.97 | $-0.11 | ||
| Q2 25 | $0.86 | $-0.38 | ||
| Q1 25 | $1.03 | $0.25 | ||
| Q4 24 | $1.35 | $-0.15 | ||
| Q3 24 | $1.37 | $-0.16 | ||
| Q2 24 | $1.44 | $-0.19 | ||
| Q1 24 | $1.36 | $0.21 |
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 | $47.6M | $27.2M |
| 总债务越低越好 | $393.7M | $473.6M |
| 股东权益账面价值 | $1.8B | $670.3M |
| 总资产 | $2.4B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.21× | 0.71× |
8季度趋势，按日历期对齐
现金及短期投资IIPRLAND
| Q4 25 | $47.6M | $27.2M | ||
| Q3 25 | $41.9M | $11.3M | ||
| Q2 25 | $104.9M | $30.5M | ||
| Q1 25 | $133.3M | $42.9M | ||
| Q4 24 | $151.2M | $18.3M | ||
| Q3 24 | $172.4M | $13.2M | ||
| Q2 24 | $160.9M | $49.8M | ||
| Q1 24 | $173.5M | $51.6M |
总债务IIPRLAND
| Q4 25 | $393.7M | $473.6M | ||
| Q3 25 | — | $480.4M | ||
| Q2 25 | — | $496.4M | ||
| Q1 25 | — | $498.8M | ||
| Q4 24 | — | $527.5M | ||
| Q3 24 | — | $530.7M | ||
| Q2 24 | — | $549.4M | ||
| Q1 24 | — | $552.2M |
股东权益IIPRLAND
| Q4 25 | $1.8B | $670.3M | ||
| Q3 25 | $1.9B | $661.8M | ||
| Q2 25 | $1.9B | $670.1M | ||
| Q1 25 | $1.9B | $689.9M | ||
| Q4 24 | $1.9B | $687.2M | ||
| Q3 24 | $1.9B | $691.2M | ||
| Q2 24 | $1.9B | $708.5M | ||
| Q1 24 | $2.0B | $723.3M |
总资产IIPRLAND
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $2.4B | $1.4B | ||
| Q1 24 | $2.4B | $1.4B |
负债/权益比IIPRLAND
| Q4 25 | 0.21× | 0.71× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.74× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.76× |
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 | $198.2M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 6.22× | 1.66× |
| 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IIPRLAND
| Q4 25 | $198.2M | $7.0M | ||
| Q3 25 | $45.6M | $-12.0M | ||
| Q2 25 | $48.4M | $3.9M | ||
| Q1 25 | $54.2M | $4.5M | ||
| Q4 24 | $258.4M | $29.5M | ||
| Q3 24 | $64.9M | $-1.4M | ||
| Q2 24 | $64.2M | $15.9M | ||
| Q1 24 | $71.6M | $3.4M |
现金转化率IIPRLAND
| Q4 25 | 6.22× | 1.66× | ||
| Q3 25 | 1.56× | -5.77× | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | 1.75× | 0.30× | ||
| Q4 24 | 6.46× | 54.72× | ||
| Q3 24 | 1.61× | -227.83× | ||
| Q2 24 | 1.53× | — | ||
| Q1 24 | 1.82× | 0.25× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
