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SUN COMMUNITIES INC（SUI）与VORNADO REALTY TRUST（VNO）财务数据对比。点击上方公司名可切换其他公司
SUN COMMUNITIES INC的季度营收约是VORNADO REALTY TRUST的1.5倍（$697.2M vs $453.7M），SUN COMMUNITIES INC净利率更高（1.7% vs 1.1%，领先0.7%），VORNADO REALTY TRUST同比增速更快（-0.9% vs -25.8%），过去两年VORNADO REALTY TRUST的营收复合增速更高（2.0% vs -2.1%）
Sun Communities是一家上市房地产投资信托基金，核心投资品类为预制住宅社区及房车营地物业。截至2025年6月2日，该公司在美国、加拿大、英国三地合计持有500处相关资产的权益，专注于居住及休闲类不动产投资领域。
Vornado Realty Trust是1982年于美国马里兰州注册成立的房地产投资信托，总部设立在纽约市，核心业务为投资曼哈顿核心区域的优质写字楼及临街零售商业地产，是纽约当地颇具影响力的商业地产投资运营机构。
SUI vs VNO — 直观对比
营收规模更大
SUI
是对方的1.5倍
$453.7M
营收增速更快
VNO
高出24.9%
-25.8%
净利率更高
SUI
高出0.7%
1.1%
两年增速更快
VNO
近两年复合增速
-2.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $697.2M | $453.7M |
| 净利润 | $12.1M | $4.9M |
| 毛利率 | — | — |
| 营业利润率 | — | 2.8% |
| 净利率 | 1.7% | 1.1% |
| 营收同比 | -25.8% | -0.9% |
| 净利润同比 | -96.0% | -14.7% |
| 每股收益（稀释后） | $0.07 | $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SUIVNO
| Q4 25 | — | $453.7M | ||
| Q3 25 | $697.2M | $453.7M | ||
| Q2 25 | $623.5M | $441.4M | ||
| Q1 25 | $470.2M | $461.6M | ||
| Q4 24 | $745.9M | $457.8M | ||
| Q3 24 | $939.9M | $443.3M | ||
| Q2 24 | $864.0M | $450.3M | ||
| Q1 24 | $671.3M | $436.4M |
净利润SUIVNO
| Q4 25 | — | $4.9M | ||
| Q3 25 | $12.1M | $27.1M | ||
| Q2 25 | $1.3B | $759.3M | ||
| Q1 25 | $-41.2M | $102.4M | ||
| Q4 24 | $-228.4M | $5.8M | ||
| Q3 24 | $300.5M | $-3.6M | ||
| Q2 24 | $56.7M | $50.8M | ||
| Q1 24 | $-25.2M | $6.5M |
营业利润率SUIVNO
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 23.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | -3.3% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 0.1% |
净利率SUIVNO
| Q4 25 | — | 1.1% | ||
| Q3 25 | 1.7% | 6.0% | ||
| Q2 25 | 210.8% | 172.0% | ||
| Q1 25 | -8.8% | 22.2% | ||
| Q4 24 | -30.6% | 1.3% | ||
| Q3 24 | 32.0% | -0.8% | ||
| Q2 24 | 6.6% | 11.3% | ||
| Q1 24 | -3.8% | 1.5% |
每股收益（稀释后）SUIVNO
| Q4 25 | — | $0.01 | ||
| Q3 25 | $0.07 | $0.06 | ||
| Q2 25 | $10.02 | $3.70 | ||
| Q1 25 | $-0.34 | $0.43 | ||
| Q4 24 | $-1.80 | $0.01 | ||
| Q3 24 | $2.31 | $-0.10 | ||
| Q2 24 | $0.42 | $0.18 | ||
| Q1 24 | $-0.22 | $-0.05 |
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 | $542.7M | $840.9M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $7.0B | $6.0B |
| 总资产 | $12.8B | $15.5B |
| 负债/权益比越低杠杆越低 | — | 0.38× |
8季度趋势，按日历期对齐
现金及短期投资SUIVNO
| Q4 25 | — | $840.9M | ||
| Q3 25 | $542.7M | $1.0B | ||
| Q2 25 | $889.7M | $1.2B | ||
| Q1 25 | — | $568.9M | ||
| Q4 24 | $47.4M | $733.9M | ||
| Q3 24 | — | $783.6M | ||
| Q2 24 | — | $872.6M | ||
| Q1 24 | — | $892.7M |
总债务SUIVNO
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $7.4B | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $2.6B |
股东权益SUIVNO
| Q4 25 | — | $6.0B | ||
| Q3 25 | $7.0B | $6.1B | ||
| Q2 25 | $7.4B | $6.1B | ||
| Q1 25 | $6.9B | $5.3B | ||
| Q4 24 | $7.1B | $5.2B | ||
| Q3 24 | $7.5B | $5.3B | ||
| Q2 24 | $6.9B | $5.6B | ||
| Q1 24 | $6.9B | $5.5B |
总资产SUIVNO
| Q4 25 | — | $15.5B | ||
| Q3 25 | $12.8B | $15.7B | ||
| Q2 25 | $13.4B | $15.6B | ||
| Q1 25 | $16.5B | $15.6B | ||
| Q4 24 | $16.5B | $16.0B | ||
| Q3 24 | $17.1B | $16.1B | ||
| Q2 24 | $17.0B | $16.2B | ||
| Q1 24 | $17.1B | $16.2B |
负债/权益比SUIVNO
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | 1.04× | 0.50× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.46× |
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 | $197.8M | $1.3B |
| 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 | 16.35× | 256.08× |
| 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SUIVNO
| Q4 25 | — | $1.3B | ||
| Q3 25 | $197.8M | $33.2M | ||
| Q2 25 | $256.0M | $1.0B | ||
| Q1 25 | $243.9M | $52.0M | ||
| Q4 24 | $118.0M | $537.7M | ||
| Q3 24 | $189.2M | $105.4M | ||
| Q2 24 | $311.3M | $194.7M | ||
| Q1 24 | $242.5M | $31.5M |
现金转化率SUIVNO
| Q4 25 | — | 256.08× | ||
| Q3 25 | 16.35× | 1.22× | ||
| Q2 25 | 0.19× | 1.35× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 93.39× | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 5.49× | 3.83× | ||
| Q1 24 | — | 4.85× |
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
SUI
暂无分部数据
VNO
| New York Segment | $374.8M | 83% |
| Building Maintenance Service | $41.2M | 9% |
| Other | $27.7M | 6% |
| Tenant Services | $11.1M | 2% |
| Management And Leasing Fees | $2.6M | 1% |
