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Pebblebrook Hotel Trust（PEB）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
Pebblebrook Hotel Trust的季度营收约是医疗房产信托的1.2倍（$345.7M vs $296.5M），医疗房产信托净利率更高（-0.3% vs -5.3%，领先5.1%），Pebblebrook Hotel Trust同比增速更快（7.9% vs -17.0%），Pebblebrook Hotel Trust自由现金流更多（$114.5M vs $-95.2M），过去两年医疗房产信托的营收复合增速更高（-6.1% vs -6.7%）
Pebblebrook Hotel Trust是一家公开上市的房地产投资信托，主要在美国核心城市及休闲目的地持有、运营并投资高端、奢华及精品酒店物业，服务商务与休闲旅客，聚焦高需求市场以推动长期价值增长。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
PEB vs SVC — 直观对比
营收规模更大
PEB
是对方的1.2倍
$296.5M
营收增速更快
PEB
高出24.9%
-17.0%
净利率更高
SVC
高出5.1%
-5.3%
自由现金流更多
PEB
多$209.7M
$-95.2M
两年增速更快
SVC
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $345.7M | $296.5M |
| 净利润 | $-18.4M | $-782.0K |
| 毛利率 | — | — |
| 营业利润率 | — | -3.9% |
| 净利率 | -5.3% | -0.3% |
| 营收同比 | 7.9% | -17.0% |
| 净利润同比 | 42.9% | 99.0% |
| 每股收益（稀释后） | $-0.26 | $-0.01 |
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PEBSVC
| Q1 26 | $345.7M | — | ||
| Q4 25 | $349.0M | $296.5M | ||
| Q3 25 | $398.7M | $377.6M | ||
| Q2 25 | $407.5M | $404.4M | ||
| Q1 25 | $320.3M | $335.0M | ||
| Q4 24 | $337.6M | $357.0M | ||
| Q3 24 | $404.5M | $390.9M | ||
| Q2 24 | $397.1M | $412.5M |
净利润PEBSVC
| Q1 26 | $-18.4M | — | ||
| Q4 25 | $-17.9M | $-782.0K | ||
| Q3 25 | $-33.1M | $-46.9M | ||
| Q2 25 | $18.1M | $-38.2M | ||
| Q1 25 | $-32.9M | $-116.4M | ||
| Q4 24 | $-50.5M | $-76.4M | ||
| Q3 24 | $43.7M | $-46.9M | ||
| Q2 24 | $30.9M | $-73.8M |
营业利润率PEBSVC
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | -3.9% | ||
| Q3 25 | -2.6% | -12.8% | ||
| Q2 25 | 12.9% | -9.2% | ||
| Q1 25 | -2.3% | -33.3% | ||
| Q4 24 | -6.7% | -19.4% | ||
| Q3 24 | 11.6% | -12.8% | ||
| Q2 24 | 15.4% | -17.1% |
净利率PEBSVC
| Q1 26 | -5.3% | — | ||
| Q4 25 | -5.1% | -0.3% | ||
| Q3 25 | -8.3% | -12.4% | ||
| Q2 25 | 4.4% | -9.4% | ||
| Q1 25 | -10.3% | -34.8% | ||
| Q4 24 | -15.0% | -21.4% | ||
| Q3 24 | 10.8% | -12.0% | ||
| Q2 24 | 7.8% | -17.9% |
每股收益（稀释后）PEBSVC
| Q1 26 | $-0.26 | — | ||
| Q4 25 | $-0.22 | $-0.01 | ||
| Q3 25 | $-0.37 | $-0.28 | ||
| Q2 25 | $0.06 | $-0.23 | ||
| Q1 25 | $-0.37 | $-0.70 | ||
| Q4 24 | $-0.47 | $-0.46 | ||
| Q3 24 | $0.24 | $-0.28 | ||
| Q2 24 | $0.16 | $-0.45 |
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 | $196.2M | $346.8M |
| 总债务越低越好 | — | $5.5B |
| 股东权益账面价值 | $2.4B | $646.1M |
| 总资产 | $5.3B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资PEBSVC
| Q1 26 | $196.2M | — | ||
| Q4 25 | $184.2M | $346.8M | ||
| Q3 25 | $223.2M | $417.4M | ||
| Q2 25 | $256.1M | $63.2M | ||
| Q1 25 | $208.1M | $80.1M | ||
| Q4 24 | $206.7M | $143.5M | ||
| Q3 24 | $134.0M | $48.6M | ||
| Q2 24 | $101.7M | $14.6M |
总债务PEBSVC
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $5.5B | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | $5.8B | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.2B | — |
股东权益PEBSVC
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.5B | $646.1M | ||
| Q3 25 | $2.5B | $647.9M | ||
| Q2 25 | $2.6B | $695.9M | ||
| Q1 25 | $2.6B | $734.6M | ||
| Q4 24 | $2.7B | $851.9M | ||
| Q3 24 | $2.8B | $929.0M | ||
| Q2 24 | $2.7B | $1.0B |
总资产PEBSVC
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.3B | $6.5B | ||
| Q3 25 | $5.6B | $7.0B | ||
| Q2 25 | $5.7B | $6.9B | ||
| Q1 25 | $5.7B | $7.0B | ||
| Q4 24 | $5.7B | $7.1B | ||
| Q3 24 | $5.7B | $7.1B | ||
| Q2 24 | $5.7B | $7.1B |
负债/权益比PEBSVC
| Q1 26 | — | — | ||
| Q4 25 | 0.86× | 8.52× | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.83× | 6.85× | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — |
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 | — | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | $114.5M | $-95.2M |
| 自由现金流率自由现金流/营收 | 33.1% | -32.1% |
| 资本支出强度资本支出/营收 | — | 25.9% |
| 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 | — | $-107.0M |
8季度趋势，按日历期对齐
经营现金流PEBSVC
| Q1 26 | — | — | ||
| Q4 25 | $249.7M | $-18.5M | ||
| Q3 25 | $77.6M | $98.1M | ||
| Q2 25 | $90.5M | $-7.0K | ||
| Q1 25 | $50.3M | $38.2M | ||
| Q4 24 | $275.0M | $-9.7M | ||
| Q3 24 | $76.1M | $106.2M | ||
| Q2 24 | $83.7M | $43.8M |
自由现金流PEBSVC
| Q1 26 | $114.5M | — | ||
| Q4 25 | $152.3M | $-95.2M | ||
| Q3 25 | $6.8M | $57.9M | ||
| Q2 25 | — | $-46.6M | ||
| Q1 25 | — | $-23.2M | ||
| Q4 24 | $146.3M | $-88.9M | ||
| Q3 24 | $-24.8M | $24.1M | ||
| Q2 24 | — | $-22.3M |
自由现金流率PEBSVC
| Q1 26 | 33.1% | — | ||
| Q4 25 | 43.6% | -32.1% | ||
| Q3 25 | 1.7% | 15.3% | ||
| Q2 25 | — | -11.5% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | 43.3% | -24.9% | ||
| Q3 24 | -6.1% | 6.2% | ||
| Q2 24 | — | -5.4% |
资本支出强度PEBSVC
| Q1 26 | — | — | ||
| Q4 25 | 27.9% | 25.9% | ||
| Q3 25 | 17.7% | 10.6% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | 38.1% | 22.2% | ||
| Q3 24 | 24.9% | 21.0% | ||
| Q2 24 | — | 16.0% |
现金转化率PEBSVC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.70× | — |
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
PEB
| Room | $214.5M | 62% |
| Food and beverage | $91.1M | 26% |
| Other | $40.0M | 12% |
SVC
暂无分部数据
