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KITE REALTY GROUP TRUST（KRG）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
世纪互联的季度营收约是KITE REALTY GROUP TRUST的1.8倍（$362.7M vs $200.7M），KITE REALTY GROUP TRUST净利率更高（0.2% vs -10.7%，领先10.8%），过去两年世纪互联的营收复合增速更高（17.4% vs -2.8%）
Kite Realty Group Trust是一家总部位于美国的上市房地产投资信托，主要持有、运营及开发露天购物中心与混合用途物业，资产组合覆盖美国多个核心区域市场，租户包括全国连锁零售品牌、本地独立商户及餐饮娱乐运营商，服务当地社区消费需求。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
KRG vs VNET — 直观对比
营收规模更大
VNET
是对方的1.8倍
$200.7M
净利率更高
KRG
高出10.8%
-10.7%
两年增速更快
VNET
近两年复合增速
-2.8%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $200.7M | $362.7M |
| 净利润 | $330.0K | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | 0.2% | -10.7% |
| 营收同比 | -9.2% | — |
| 净利润同比 | -51.6% | — |
| 每股收益（稀释后） | $0.06 | — |
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KRGVNET
| Q1 26 | $200.7M | — | ||
| Q4 25 | $204.2M | — | ||
| Q3 25 | $205.1M | $362.7M | ||
| Q2 25 | $213.4M | — | ||
| Q1 25 | $221.8M | $309.5M | ||
| Q4 24 | $214.7M | — | ||
| Q3 24 | $207.3M | $302.2M | ||
| Q2 24 | $212.4M | $274.4M |
净利润KRGVNET
| Q1 26 | $330.0K | — | ||
| Q4 25 | $180.8M | — | ||
| Q3 25 | $-16.2M | $-38.7M | ||
| Q2 25 | $110.3M | — | ||
| Q1 25 | $23.7M | $-2.4M | ||
| Q4 24 | $21.8M | — | ||
| Q3 24 | $16.7M | $-2.1M | ||
| Q2 24 | $-48.6M | $-1.1M |
毛利率KRGVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% |
营业利润率KRGVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | 24.2% | 0.1% | ||
| Q4 24 | 23.0% | — | ||
| Q3 24 | 21.7% | 24.5% | ||
| Q2 24 | -10.5% | 0.2% |
净利率KRGVNET
| Q1 26 | 0.2% | — | ||
| Q4 25 | 88.6% | — | ||
| Q3 25 | -7.9% | -10.7% | ||
| Q2 25 | 51.7% | — | ||
| Q1 25 | 10.7% | -0.8% | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 8.1% | -0.7% | ||
| Q2 24 | -22.9% | -0.4% |
每股收益（稀释后）KRGVNET
| Q1 26 | $0.06 | — | ||
| Q4 25 | $0.83 | — | ||
| Q3 25 | $-0.07 | — | ||
| Q2 25 | $0.50 | — | ||
| Q1 25 | $0.11 | — | ||
| Q4 24 | $0.10 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $-0.22 | — |
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 | $32.5M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $890.8M |
| 总资产 | $6.4B | $6.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资KRGVNET
| Q1 26 | $32.5M | — | ||
| Q4 25 | $36.8M | — | ||
| Q3 25 | $68.7M | $492.1M | ||
| Q2 25 | $182.0M | — | ||
| Q1 25 | $49.1M | $544.3M | ||
| Q4 24 | $478.1M | — | ||
| Q3 24 | $467.5M | $219.5M | ||
| Q2 24 | $273.8M | $247.2M |
总债务KRGVNET
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | $1.2B | ||
| Q2 24 | $3.0B | — |
股东权益KRGVNET
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.2B | $890.8M | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.3B | $927.8M | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | $902.9M | ||
| Q2 24 | $3.4B | $900.6M |
总资产KRGVNET
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.7B | — | ||
| Q3 25 | $6.6B | $6.1B | ||
| Q2 25 | $6.9B | — | ||
| Q1 25 | $6.7B | $5.4B | ||
| Q4 24 | $7.1B | — | ||
| Q3 24 | $7.1B | $4.3B | ||
| Q2 24 | $7.0B | $4.0B |
负债/权益比KRGVNET
| Q1 26 | — | — | ||
| Q4 25 | 0.98× | — | ||
| Q3 25 | 0.93× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.89× | — | ||
| Q4 24 | 0.97× | — | ||
| Q3 24 | 0.97× | 1.28× | ||
| Q2 24 | 0.88× | — |
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 | — | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | 3.3% | 84.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流KRGVNET
| Q1 26 | — | — | ||
| Q4 25 | $106.6M | — | ||
| Q3 25 | $116.2M | $113.8M | ||
| Q2 25 | $132.8M | — | ||
| Q1 25 | $74.1M | $27.0M | ||
| Q4 24 | $111.0M | — | ||
| Q3 24 | $112.4M | $108.3M | ||
| Q2 24 | $142.1M | $55.8M |
自由现金流KRGVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M |
自由现金流率KRGVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% |
资本支出强度KRGVNET
| Q1 26 | 3.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% |
现金转化率KRGVNET
| Q1 26 | — | — | ||
| Q4 25 | 0.59× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 3.12× | — | ||
| Q4 24 | 5.09× | — | ||
| Q3 24 | 6.72× | — | ||
| Q2 24 | — | — |
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
KRG
| Rental income | $198.0M | 99% |
| Fee income | $1.3M | 1% |
VNET
暂无分部数据
