vs
牛津地产（IIPR）与Safehold Inc.（SAFE）财务数据对比。点击上方公司名可切换其他公司
Safehold Inc.的季度营收约是牛津地产的1.5倍（$97.9M vs $66.7M），牛津地产净利率更高（47.8% vs 28.5%，领先19.3%），Safehold Inc.同比增速更快（6.5% vs -13.1%），过去两年Safehold Inc.的营收复合增速更高（2.5% 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。
SAFE投资有限公司是一家位于中国香港的中国主权财富基金，主要承担主权财富相关的投资运营职能，依托香港的国际金融中心优势开展相关投资业务。
IIPR vs SAFE — 直观对比
营收规模更大
SAFE
是对方的1.5倍
$66.7M
营收增速更快
SAFE
高出19.7%
-13.1%
净利率更高
IIPR
高出19.3%
28.5%
两年增速更快
SAFE
近两年复合增速
-6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $66.7M | $97.9M |
| 净利润 | $31.8M | $27.9M |
| 毛利率 | — | 98.6% |
| 营业利润率 | 47.8% | 27.4% |
| 净利率 | 47.8% | 28.5% |
| 营收同比 | -13.1% | 6.5% |
| 净利润同比 | -20.4% | 7.1% |
| 每股收益（稀释后） | $1.07 | $0.38 |
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IIPRSAFE
| Q4 25 | $66.7M | $97.9M | ||
| Q3 25 | $64.7M | $96.2M | ||
| Q2 25 | $62.9M | $93.8M | ||
| Q1 25 | $71.7M | $97.7M | ||
| Q4 24 | $76.7M | $91.9M | ||
| Q3 24 | $76.5M | $90.7M | ||
| Q2 24 | $79.8M | $89.9M | ||
| Q1 24 | $75.5M | $93.2M |
净利润IIPRSAFE
| Q4 25 | $31.8M | $27.9M | ||
| Q3 25 | $29.3M | $29.3M | ||
| Q2 25 | $26.0M | $27.9M | ||
| Q1 25 | $31.1M | $29.4M | ||
| Q4 24 | $40.0M | $26.0M | ||
| Q3 24 | $40.2M | $19.3M | ||
| Q2 24 | $42.0M | $29.7M | ||
| Q1 24 | $39.4M | $30.7M |
毛利率IIPRSAFE
| Q4 25 | — | 98.6% | ||
| Q3 25 | — | 98.5% | ||
| Q2 25 | — | 99.1% | ||
| Q1 25 | — | 98.8% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 98.8% | ||
| Q2 24 | — | 98.8% | ||
| Q1 24 | — | 98.8% |
营业利润率IIPRSAFE
| Q4 25 | 47.8% | 27.4% | ||
| Q3 25 | 45.5% | 25.9% | ||
| Q2 25 | 45.9% | 25.5% | ||
| Q1 25 | 47.4% | 25.9% | ||
| Q4 24 | 54.7% | 24.6% | ||
| Q3 24 | 54.8% | 17.5% | ||
| Q2 24 | 53.1% | 26.7% | ||
| Q1 24 | 55.7% | 26.4% |
净利率IIPRSAFE
| Q4 25 | 47.8% | 28.5% | ||
| Q3 25 | 45.3% | 30.5% | ||
| Q2 25 | 41.4% | 29.8% | ||
| Q1 25 | 43.3% | 30.1% | ||
| Q4 24 | 52.2% | 28.3% | ||
| Q3 24 | 52.6% | 21.3% | ||
| Q2 24 | 52.6% | 33.0% | ||
| Q1 24 | 52.3% | 33.0% |
每股收益（稀释后）IIPRSAFE
| Q4 25 | $1.07 | $0.38 | ||
| Q3 25 | $0.97 | $0.41 | ||
| Q2 25 | $0.86 | $0.39 | ||
| Q1 25 | $1.03 | $0.41 | ||
| Q4 24 | $1.35 | $0.36 | ||
| Q3 24 | $1.37 | $0.27 | ||
| Q2 24 | $1.44 | $0.42 | ||
| Q1 24 | $1.36 | $0.43 |
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 | $21.7M |
| 总债务越低越好 | $393.7M | $4.6B |
| 股东权益账面价值 | $1.8B | $2.4B |
| 总资产 | $2.4B | $7.2B |
| 负债/权益比越低杠杆越低 | 0.21× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资IIPRSAFE
| Q4 25 | $47.6M | $21.7M | ||
| Q3 25 | $41.9M | $12.1M | ||
| Q2 25 | $104.9M | $13.9M | ||
| Q1 25 | $133.3M | $17.3M | ||
| Q4 24 | $151.2M | $8.3M | ||
| Q3 24 | $172.4M | $15.6M | ||
| Q2 24 | $160.9M | $13.4M | ||
| Q1 24 | $173.5M | $11.3M |
总债务IIPRSAFE
| Q4 25 | $393.7M | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
股东权益IIPRSAFE
| Q4 25 | $1.8B | $2.4B | ||
| Q3 25 | $1.9B | $2.4B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | $1.9B | $2.3B | ||
| Q3 24 | $1.9B | $2.3B | ||
| Q2 24 | $1.9B | $2.3B | ||
| Q1 24 | $2.0B | $2.3B |
总资产IIPRSAFE
| Q4 25 | $2.4B | $7.2B | ||
| Q3 25 | $2.3B | $7.1B | ||
| Q2 25 | $2.3B | $7.1B | ||
| Q1 25 | $2.4B | $6.9B | ||
| Q4 24 | $2.4B | $6.9B | ||
| Q3 24 | $2.4B | $6.8B | ||
| Q2 24 | $2.4B | $6.8B | ||
| Q1 24 | $2.4B | $6.7B |
负债/权益比IIPRSAFE
| Q4 25 | 0.21× | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.81× |
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 | $47.8M |
| 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× | 1.72× |
| 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IIPRSAFE
| Q4 25 | $198.2M | $47.8M | ||
| Q3 25 | $45.6M | $-1.4M | ||
| Q2 25 | $48.4M | $28.0M | ||
| Q1 25 | $54.2M | $8.9M | ||
| Q4 24 | $258.4M | $37.9M | ||
| Q3 24 | $64.9M | $8.3M | ||
| Q2 24 | $64.2M | $24.8M | ||
| Q1 24 | $71.6M | $-3.1M |
现金转化率IIPRSAFE
| Q4 25 | 6.22× | 1.72× | ||
| Q3 25 | 1.56× | -0.05× | ||
| Q2 25 | 1.86× | 1.00× | ||
| Q1 25 | 1.75× | 0.30× | ||
| Q4 24 | 6.46× | 1.45× | ||
| Q3 24 | 1.61× | 0.43× | ||
| Q2 24 | 1.53× | 0.83× | ||
| Q1 24 | 1.82× | -0.10× |
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
IIPR
暂无分部数据
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
