vs
Regency Centers（REG）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
Regency Centers的季度营收约是医疗房产信托的1.4倍（$404.2M vs $296.5M），Regency Centers净利率更高（50.1% vs -0.3%，领先50.4%），Regency Centers同比增速更快（8.5% vs -17.0%），过去两年Regency Centers的营收复合增速更高（5.4% vs -6.1%）
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。
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。
REG vs SVC — 直观对比
营收规模更大
REG
是对方的1.4倍
$296.5M
营收增速更快
REG
高出25.5%
-17.0%
净利率更高
REG
高出50.4%
-0.3%
两年增速更快
REG
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $296.5M |
| 净利润 | $202.5M | $-782.0K |
| 毛利率 | — | — |
| 营业利润率 | 71.0% | -3.9% |
| 净利率 | 50.1% | -0.3% |
| 营收同比 | 8.5% | -17.0% |
| 净利润同比 | 134.1% | 99.0% |
| 每股收益（稀释后） | — | $-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REGSVC
| Q4 25 | $404.2M | $296.5M | ||
| Q3 25 | $387.6M | $377.6M | ||
| Q2 25 | $380.8M | $404.4M | ||
| Q1 25 | $380.9M | $335.0M | ||
| Q4 24 | $372.5M | $357.0M | ||
| Q3 24 | $360.3M | $390.9M | ||
| Q2 24 | $357.3M | $412.5M | ||
| Q1 24 | $363.9M | $336.2M |
净利润REGSVC
| Q4 25 | $202.5M | $-782.0K | ||
| Q3 25 | $109.4M | $-46.9M | ||
| Q2 25 | $106.0M | $-38.2M | ||
| Q1 25 | $109.6M | $-116.4M | ||
| Q4 24 | $86.5M | $-76.4M | ||
| Q3 24 | $101.5M | $-46.9M | ||
| Q2 24 | $102.7M | $-73.8M | ||
| Q1 24 | $109.8M | $-78.4M |
营业利润率REGSVC
| Q4 25 | 71.0% | -3.9% | ||
| Q3 25 | 72.7% | -12.8% | ||
| Q2 25 | 73.8% | -9.2% | ||
| Q1 25 | 71.8% | -33.3% | ||
| Q4 24 | 71.1% | -19.4% | ||
| Q3 24 | 72.5% | -12.8% | ||
| Q2 24 | 72.3% | -17.1% | ||
| Q1 24 | 72.3% | -21.4% |
净利率REGSVC
| Q4 25 | 50.1% | -0.3% | ||
| Q3 25 | 28.2% | -12.4% | ||
| Q2 25 | 27.8% | -9.4% | ||
| Q1 25 | 28.8% | -34.8% | ||
| Q4 24 | 23.2% | -21.4% | ||
| Q3 24 | 28.2% | -12.0% | ||
| Q2 24 | 28.7% | -17.9% | ||
| Q1 24 | 30.2% | -23.3% |
每股收益（稀释后）REGSVC
| Q4 25 | — | $-0.01 | ||
| Q3 25 | — | $-0.28 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.70 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | — | $-0.28 | ||
| Q2 24 | — | $-0.45 | ||
| Q1 24 | — | $-0.48 |
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 | — | $346.8M |
| 总债务越低越好 | $4.7B | $5.5B |
| 股东权益账面价值 | $6.9B | $646.1M |
| 总资产 | $13.0B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.69× | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资REGSVC
| Q4 25 | — | $346.8M | ||
| Q3 25 | — | $417.4M | ||
| Q2 25 | — | $63.2M | ||
| Q1 25 | — | $80.1M | ||
| Q4 24 | — | $143.5M | ||
| Q3 24 | — | $48.6M | ||
| Q2 24 | — | $14.6M | ||
| Q1 24 | — | $71.3M |
总债务REGSVC
| Q4 25 | $4.7B | $5.5B | ||
| Q3 25 | $4.9B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.4B | $5.8B | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $4.4B | — |
股东权益REGSVC
| Q4 25 | $6.9B | $646.1M | ||
| Q3 25 | $6.8B | $647.9M | ||
| Q2 25 | $6.7B | $695.9M | ||
| Q1 25 | $6.7B | $734.6M | ||
| Q4 24 | $6.7B | $851.9M | ||
| Q3 24 | $6.8B | $929.0M | ||
| Q2 24 | $6.8B | $1.0B | ||
| Q1 24 | $7.0B | $1.1B |
总资产REGSVC
| Q4 25 | $13.0B | $6.5B | ||
| Q3 25 | $13.1B | $7.0B | ||
| Q2 25 | $12.7B | $6.9B | ||
| Q1 25 | $12.6B | $7.0B | ||
| Q4 24 | $12.4B | $7.1B | ||
| Q3 24 | $12.4B | $7.1B | ||
| Q2 24 | $12.4B | $7.1B | ||
| Q1 24 | $12.7B | $7.2B |
负债/权益比REGSVC
| Q4 25 | 0.69× | 8.52× | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.66× | 6.85× | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.64× | — | ||
| Q1 24 | 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 | $203.9M | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-95.2M |
| 自由现金流率自由现金流/营收 | — | -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 | 1.01× | — |
| 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REGSVC
| Q4 25 | $203.9M | $-18.5M | ||
| Q3 25 | $218.7M | $98.1M | ||
| Q2 25 | $244.0M | $-7.0K | ||
| Q1 25 | $161.0M | $38.2M | ||
| Q4 24 | $191.4M | $-9.7M | ||
| Q3 24 | $227.6M | $106.2M | ||
| Q2 24 | $203.5M | $43.8M | ||
| Q1 24 | $167.8M | $-926.0K |
自由现金流REGSVC
| Q4 25 | — | $-95.2M | ||
| Q3 25 | — | $57.9M | ||
| Q2 25 | — | $-46.6M | ||
| Q1 25 | — | $-23.2M | ||
| Q4 24 | — | $-88.9M | ||
| Q3 24 | — | $24.1M | ||
| Q2 24 | — | $-22.3M | ||
| Q1 24 | — | $-77.2M |
自由现金流率REGSVC
| Q4 25 | — | -32.1% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | -11.5% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | -24.9% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | -23.0% |
资本支出强度REGSVC
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | 16.0% | ||
| Q1 24 | — | 22.7% |
现金转化率REGSVC
| Q4 25 | 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
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
SVC
暂无分部数据
