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LXP Industrial Trust（LXP）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LXP Industrial Trust的1.1倍（$97.9M vs $86.7M），LXP Industrial Trust净利率更高（33.2% vs 28.5%，领先4.7%），Safehold Inc.同比增速更快（6.5% vs -14.0%），过去两年Safehold Inc.的营收复合增速更高（2.5% vs 0.3%）
LXP工业信托是一家公开上市的房地产投资信托，专注于持有、运营和投资美国核心市场的优质工业地产，主要涵盖配送中心、物流设施及轻型工业物业，服务电商、第三方物流、先进制造等领域租户，为投资者创造长期稳定收益。
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。
LXP vs SAFE — 直观对比
营收规模更大
SAFE
是对方的1.1倍
$86.7M
营收增速更快
SAFE
高出20.5%
-14.0%
净利率更高
LXP
高出4.7%
28.5%
两年增速更快
SAFE
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.7M | $97.9M |
| 净利润 | $28.8M | $27.9M |
| 毛利率 | 81.5% | 98.6% |
| 营业利润率 | 34.6% | 27.4% |
| 净利率 | 33.2% | 28.5% |
| 营收同比 | -14.0% | 6.5% |
| 净利润同比 | — | 7.1% |
| 每股收益（稀释后） | — | $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LXPSAFE
| Q4 25 | $86.7M | $97.9M | ||
| Q3 25 | $86.9M | $96.2M | ||
| Q2 25 | $87.7M | $93.8M | ||
| Q1 25 | $88.9M | $97.7M | ||
| Q4 24 | $100.9M | $91.9M | ||
| Q3 24 | $85.6M | $90.7M | ||
| Q2 24 | $85.8M | $89.9M | ||
| Q1 24 | $86.3M | $93.2M |
净利润LXPSAFE
| Q4 25 | $28.8M | $27.9M | ||
| Q3 25 | $36.3M | $29.3M | ||
| Q2 25 | $29.1M | $27.9M | ||
| Q1 25 | $19.0M | $29.4M | ||
| Q4 24 | — | $26.0M | ||
| Q3 24 | $6.3M | $19.3M | ||
| Q2 24 | $5.4M | $29.7M | ||
| Q1 24 | $-269.0K | $30.7M |
毛利率LXPSAFE
| Q4 25 | 81.5% | 98.6% | ||
| Q3 25 | 82.3% | 98.5% | ||
| Q2 25 | 81.9% | 99.1% | ||
| Q1 25 | 80.7% | 98.8% | ||
| Q4 24 | 85.3% | 98.8% | ||
| Q3 24 | 82.5% | 98.8% | ||
| Q2 24 | 82.0% | 98.8% | ||
| Q1 24 | 82.4% | 98.8% |
营业利润率LXPSAFE
| Q4 25 | 34.6% | 27.4% | ||
| Q3 25 | 50.4% | 25.9% | ||
| Q2 25 | 33.7% | 25.5% | ||
| Q1 25 | 21.8% | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | 7.9% | 17.5% | ||
| Q2 24 | 6.9% | 26.7% | ||
| Q1 24 | 1.0% | 26.4% |
净利率LXPSAFE
| Q4 25 | 33.2% | 28.5% | ||
| Q3 25 | 41.7% | 30.5% | ||
| Q2 25 | 33.2% | 29.8% | ||
| Q1 25 | 21.4% | 30.1% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | 7.4% | 21.3% | ||
| Q2 24 | 6.3% | 33.0% | ||
| Q1 24 | -0.3% | 33.0% |
每股收益（稀释后）LXPSAFE
| Q4 25 | — | $0.38 | ||
| Q3 25 | $0.12 | $0.41 | ||
| Q2 25 | $0.09 | $0.39 | ||
| Q1 25 | $0.06 | $0.41 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | $0.02 | $0.27 | ||
| Q2 24 | $0.01 | $0.42 | ||
| Q1 24 | $-0.01 | $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 | $170.4M | $21.7M |
| 总债务越低越好 | $1.4B | $4.6B |
| 股东权益账面价值 | $2.0B | $2.4B |
| 总资产 | $3.5B | $7.2B |
| 负债/权益比越低杠杆越低 | 0.66× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资LXPSAFE
| Q4 25 | $170.4M | $21.7M | ||
| Q3 25 | $229.7M | $12.1M | ||
| Q2 25 | $71.0M | $13.9M | ||
| Q1 25 | $70.9M | $17.3M | ||
| Q4 24 | $101.8M | $8.3M | ||
| Q3 24 | $55.0M | $15.6M | ||
| Q2 24 | $48.7M | $13.4M | ||
| Q1 24 | $293.8M | $11.3M |
总债务LXPSAFE
| Q4 25 | $1.4B | $4.6B | ||
| Q3 25 | $1.5B | $4.5B | ||
| Q2 25 | $1.5B | $4.4B | ||
| Q1 25 | $1.5B | $4.3B | ||
| Q4 24 | $1.6B | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
股东权益LXPSAFE
| Q4 25 | $2.0B | $2.4B | ||
| Q3 25 | $2.1B | $2.4B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.1B | $2.4B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.1B | $2.3B | ||
| Q2 24 | $2.1B | $2.3B | ||
| Q1 24 | $2.2B | $2.3B |
总资产LXPSAFE
| Q4 25 | $3.5B | $7.2B | ||
| Q3 25 | $3.7B | $7.1B | ||
| Q2 25 | $3.7B | $7.1B | ||
| Q1 25 | $3.8B | $6.9B | ||
| Q4 24 | $3.8B | $6.9B | ||
| Q3 24 | $3.9B | $6.8B | ||
| Q2 24 | $3.9B | $6.8B | ||
| Q1 24 | $4.2B | $6.7B |
负债/权益比LXPSAFE
| Q4 25 | 0.66× | 1.90× | ||
| Q3 25 | 0.72× | 1.89× | ||
| Q2 25 | 0.72× | 1.87× | ||
| Q1 25 | 0.73× | 1.85× | ||
| Q4 24 | 0.75× | 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 | $188.7M | $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 | 6.56× | 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LXPSAFE
| Q4 25 | $188.7M | $47.8M | ||
| Q3 25 | $63.5M | $-1.4M | ||
| Q2 25 | $44.3M | $28.0M | ||
| Q1 25 | $39.0M | $8.9M | ||
| Q4 24 | $211.2M | $37.9M | ||
| Q3 24 | $64.6M | $8.3M | ||
| Q2 24 | $38.5M | $24.8M | ||
| Q1 24 | $38.9M | $-3.1M |
现金转化率LXPSAFE
| Q4 25 | 6.56× | 1.72× | ||
| Q3 25 | 1.75× | -0.05× | ||
| Q2 25 | 1.52× | 1.00× | ||
| Q1 25 | 2.05× | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 10.18× | 0.43× | ||
| Q2 24 | 7.09× | 0.83× | ||
| Q1 24 | — | -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
LXP
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% |
