新基准ExPhy让模型同时预测轨迹和物理属性，提升对运动规律的理解。

Understanding object dynamics requires not only predicting future trajectories but also examining whether a model captures the physical properties that govern motion. However, existing benchmarks rarely expose object-level physical properties as explicit evaluation targets alongside trajectory forecasting. To address this gap, we introduce \emph{ExPhy}, a multi-object trajectory forecasting benchmark containing 24,000 simulated physical scenes with explicit object-level labels for mass, friction, and restitution. ExPhy provides observed and future trajectories together with an in-distribution (ID) split and two out-of-distribution (OOD) splits over physical parameters (OOD-Parameter) and initial states (OOD-Initial) for jointly evaluating trajectory forecasting and physical property estimation. We further instantiate \textsc{PhyODE}, a physics-guided model with an explicit property interface that estimates physical properties from observed trajectories and uses them for differentiable future rollout. On the long-horizon OOD-Initial setting, \textsc{PhyODE} reduces ADE and FDE by 33.1\% and 31.0\%, respectively, compared with the strongest baseline. Zero-shot evaluation on ComPhy further assesses cross-benchmark transfer. Property-level analyses reveal that accurate trajectory forecasting does not necessarily imply accurate recovery of the underlying physical properties. Code and data are available at https://github.com/Zest86/ExPhy.