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MEDICAL PROPERTIES TRUST INC（MPW）与Regency Centers（REG）财务数据对比。点击上方公司名可切换其他公司
Regency Centers的季度营收约是MEDICAL PROPERTIES TRUST INC的1.5倍（$404.2M vs $270.3M），Regency Centers净利率更高（50.1% vs 6.5%，领先43.6%），MEDICAL PROPERTIES TRUST INC同比增速更快（16.6% vs 8.5%），过去两年Regency Centers的营收复合增速更高（5.4% vs -0.2%）
Medical Properties Trust, Inc.（MPT）是一家总部位于美国阿拉巴马州伯明翰的跨国房地产投资信托基金（REIT），主要在美欧地区收购、投资医疗保健设施与营利性医疗控股公司，资产收购多采用售后回租模式，原业主出售资产后成为其租户，租户通常需签署长期三净租赁协议。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
MPW vs REG — 直观对比
营收规模更大
REG
是对方的1.5倍
$270.3M
营收增速更快
MPW
高出8.1%
8.5%
净利率更高
REG
高出43.6%
6.5%
两年增速更快
REG
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.3M | $404.2M |
| 净利润 | $17.6M | $202.5M |
| 毛利率 | 95.8% | — |
| 营业利润率 | 9.7% | 71.0% |
| 净利率 | 6.5% | 50.1% |
| 营收同比 | 16.6% | 8.5% |
| 净利润同比 | 104.3% | 134.1% |
| 每股收益（稀释后） | $0.03 | — |
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MPWREG
| Q4 25 | $270.3M | $404.2M | ||
| Q3 25 | $237.5M | $387.6M | ||
| Q2 25 | $240.4M | $380.8M | ||
| Q1 25 | $223.8M | $380.9M | ||
| Q4 24 | $231.8M | $372.5M | ||
| Q3 24 | $225.8M | $360.3M | ||
| Q2 24 | $266.6M | $357.3M | ||
| Q1 24 | $271.3M | $363.9M |
净利润MPWREG
| Q4 25 | $17.6M | $202.5M | ||
| Q3 25 | $-77.7M | $109.4M | ||
| Q2 25 | $-98.4M | $106.0M | ||
| Q1 25 | $-118.3M | $109.6M | ||
| Q4 24 | $-412.3M | $86.5M | ||
| Q3 24 | $-801.2M | $101.5M | ||
| Q2 24 | $-320.6M | $102.7M | ||
| Q1 24 | $-875.6M | $109.8M |
毛利率MPWREG
| Q4 25 | 95.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 91.8% | — | ||
| Q1 25 | 63.6% | — | ||
| Q4 24 | 90.9% | — | ||
| Q3 24 | 96.5% | — | ||
| Q2 24 | 98.4% | — | ||
| Q1 24 | 84.9% | — |
营业利润率MPWREG
| Q4 25 | 9.7% | 71.0% | ||
| Q3 25 | -28.0% | 72.7% | ||
| Q2 25 | -36.7% | 73.8% | ||
| Q1 25 | -48.5% | 71.8% | ||
| Q4 24 | -173.7% | 71.1% | ||
| Q3 24 | -350.7% | 72.5% | ||
| Q2 24 | -114.5% | 72.3% | ||
| Q1 24 | -318.6% | 72.3% |
净利率MPWREG
| Q4 25 | 6.5% | 50.1% | ||
| Q3 25 | -32.7% | 28.2% | ||
| Q2 25 | -40.9% | 27.8% | ||
| Q1 25 | -52.8% | 28.8% | ||
| Q4 24 | -177.8% | 23.2% | ||
| Q3 24 | -354.8% | 28.2% | ||
| Q2 24 | -120.3% | 28.7% | ||
| Q1 24 | -322.7% | 30.2% |
每股收益（稀释后）MPWREG
| Q4 25 | $0.03 | — | ||
| Q3 25 | $-0.13 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.20 | — | ||
| Q4 24 | $-0.68 | — | ||
| Q3 24 | $-1.34 | — | ||
| Q2 24 | $-0.54 | — | ||
| Q1 24 | $-1.46 | — |
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 | $540.9M | — |
| 总债务越低越好 | $9.7B | $4.7B |
| 股东权益账面价值 | $4.6B | $6.9B |
| 总资产 | $15.0B | $13.0B |
| 负债/权益比越低杠杆越低 | 2.11× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资MPWREG
| Q4 25 | $540.9M | — | ||
| Q3 25 | $396.6M | — | ||
| Q2 25 | $509.8M | — | ||
| Q1 25 | $673.5M | — | ||
| Q4 24 | $332.3M | — | ||
| Q3 24 | $275.6M | — | ||
| Q2 24 | $606.5M | — | ||
| Q1 24 | $224.3M | — |
总债务MPWREG
| Q4 25 | $9.7B | $4.7B | ||
| Q3 25 | $9.6B | $4.9B | ||
| Q2 25 | $9.6B | $4.8B | ||
| Q1 25 | $9.5B | $4.6B | ||
| Q4 24 | $8.8B | $4.4B | ||
| Q3 24 | $9.2B | $4.4B | ||
| Q2 24 | $9.4B | $4.4B | ||
| Q1 24 | $10.1B | $4.4B |
股东权益MPWREG
| Q4 25 | $4.6B | $6.9B | ||
| Q3 25 | $4.7B | $6.8B | ||
| Q2 25 | $4.8B | $6.7B | ||
| Q1 25 | $4.8B | $6.7B | ||
| Q4 24 | $4.8B | $6.7B | ||
| Q3 24 | $5.4B | $6.8B | ||
| Q2 24 | $6.2B | $6.8B | ||
| Q1 24 | $6.7B | $7.0B |
总资产MPWREG
| Q4 25 | $15.0B | $13.0B | ||
| Q3 25 | $14.9B | $13.1B | ||
| Q2 25 | $15.2B | $12.7B | ||
| Q1 25 | $14.9B | $12.6B | ||
| Q4 24 | $14.3B | $12.4B | ||
| Q3 24 | $15.2B | $12.4B | ||
| Q2 24 | $16.2B | $12.4B | ||
| Q1 24 | $17.3B | $12.7B |
负债/权益比MPWREG
| Q4 25 | 2.11× | 0.69× | ||
| Q3 25 | 2.06× | 0.72× | ||
| Q2 25 | 2.00× | 0.72× | ||
| Q1 25 | 1.99× | 0.69× | ||
| Q4 24 | 1.83× | 0.66× | ||
| Q3 24 | 1.69× | 0.65× | ||
| Q2 24 | 1.51× | 0.64× | ||
| Q1 24 | 1.51× | 0.63× |
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 | $230.8M | $203.9M |
| 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 | 13.11× | 1.01× |
| 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MPWREG
| Q4 25 | $230.8M | $203.9M | ||
| Q3 25 | $18.6M | $218.7M | ||
| Q2 25 | $51.7M | $244.0M | ||
| Q1 25 | $384.0K | $161.0M | ||
| Q4 24 | $245.5M | $191.4M | ||
| Q3 24 | $59.2M | $227.6M | ||
| Q2 24 | $35.3M | $203.5M | ||
| Q1 24 | $74.3M | $167.8M |
现金转化率MPWREG
| Q4 25 | 13.11× | 1.01× | ||
| Q3 25 | — | 2.00× | ||
| Q2 25 | — | 2.30× | ||
| Q1 25 | — | 1.47× | ||
| Q4 24 | — | 2.21× | ||
| Q3 24 | — | 2.24× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | — | 1.53× |
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
MPW
暂无分部数据
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
