Hong Kong (HSI) REITS Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies4
- 7D-8.9%
- 3M-25.6%
- 1Y-52.0%
- YTD-29.9%
Over the last 7 days, the REITS industry has dropped 8.0%, driven by pullbacks from every company within the industry. Overall the industry is down 52% in 12 months. As for the next few years, earnings are expected to grow by 9.2% per annum.
Industry Valuation and Performance
Has the Hong Kong REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | HK$11.9b | HK$6.1b | -HK$417,766,603.98 | 418.3x | -28.4x | 2x |
| Sat, 16 Mar 2024 | HK$13.5b | HK$6.1b | -HK$418,603,264.61 | 512.8x | -32.3x | 2.2x |
| Mon, 12 Feb 2024 | HK$15.2b | HK$5.9b | -HK$857,502,856.30 | 47.2x | -17.8x | 2.6x |
| Wed, 10 Jan 2024 | HK$16.4b | HK$5.9b | -HK$857,884,904.00 | 51.5x | -19.1x | 2.8x |
| Fri, 08 Dec 2023 | HK$16.1b | HK$5.9b | -HK$857,707,829.00 | 52.7x | -18.8x | 2.7x |
| Sun, 05 Nov 2023 | HK$17.0b | HK$5.8b | -HK$854,574,982.00 | 56.6x | -19.9x | 2.9x |
| Tue, 03 Oct 2023 | HK$18.0b | HK$5.8b | -HK$854,842,089.00 | 60.1x | -21x | 3.1x |
| Thu, 31 Aug 2023 | HK$19.3b | HK$5.8b | -HK$1,205,462,687.00 | 67.7x | -16x | 3.3x |
| Sat, 29 Jul 2023 | HK$21.9b | HK$5.6b | -HK$2,517,479,904.00 | n/a | -8.7x | 3.9x |
| Mon, 26 Jun 2023 | HK$21.6b | HK$5.6b | -HK$2,518,427,683.00 | n/a | -8.6x | 3.8x |
| Wed, 24 May 2023 | HK$23.4b | HK$5.7b | -HK$2,533,147,478.00 | n/a | -9.2x | 4.1x |
| Fri, 21 Apr 2023 | HK$24.6b | HK$5.8b | -HK$2,555,334,033.00 | n/a | -9.6x | 4.3x |
| Sun, 19 Mar 2023 | HK$24.1b | HK$5.7b | -HK$2,198,401,508.00 | 19.2x | -11x | 4.2x |
| Tue, 14 Feb 2023 | HK$192.8b | HK$24.6b | HK$17.2b | 9.2x | 11.2x | 7.8x |
| Thu, 12 Jan 2023 | HK$197.6b | HK$24.8b | HK$17.2b | 9.7x | 11.5x | 8x |
| Sat, 10 Dec 2022 | HK$182.2b | HK$24.7b | HK$17.2b | 8.8x | 10.6x | 7.4x |
| Mon, 07 Nov 2022 | HK$159.0b | HK$24.4b | HK$9.5b | 12.2x | 16.8x | 6.5x |
| Wed, 05 Oct 2022 | HK$175.8b | HK$24.5b | HK$9.5b | 14.4x | 18.5x | 7.2x |
| Fri, 02 Sep 2022 | HK$200.6b | HK$24.4b | HK$9.6b | 16.2x | 20.9x | 8.2x |
| Sun, 31 Jul 2022 | HK$215.3b | HK$24.7b | HK$9.9b | 10.1x | 21.7x | 8.7x |
| Tue, 28 Jun 2022 | HK$215.1b | HK$24.7b | HK$9.9b | 10.4x | 21.7x | 8.7x |
| Thu, 26 May 2022 | HK$226.5b | HK$24.3b | HK$14.6b | 10.3x | 15.5x | 9.3x |
| Sat, 23 Apr 2022 | HK$223.8b | HK$24.4b | HK$14.7b | 10.3x | 15.3x | 9.2x |
| Mon, 21 Mar 2022 | HK$221.3b | HK$24.6b | HK$13.7b | 11.6x | 16.2x | 9x |
| Wed, 16 Feb 2022 | HK$230.5b | HK$24.6b | HK$8.0b | 11.6x | 28.7x | 9.4x |
| Fri, 14 Jan 2022 | HK$226.9b | HK$24.6b | HK$8.0b | 9.8x | 28.2x | 9.2x |
| Sun, 12 Dec 2021 | HK$231.1b | HK$24.6b | HK$8.0b | 11.5x | 28.8x | 9.4x |
| Tue, 09 Nov 2021 | HK$233.4b | HK$23.7b | -HK$2,363,842,406.00 | 10x | -98.7x | 9.8x |
| Thu, 07 Oct 2021 | HK$224.3b | HK$23.7b | -HK$2,379,017,566.00 | 10.6x | -94.3x | 9.5x |
| Sat, 04 Sep 2021 | HK$243.6b | HK$23.7b | -HK$2,387,656,589.15 | 11.5x | -102x | 10.3x |
| Mon, 02 Aug 2021 | HK$251.2b | HK$23.7b | -HK$2,387,656,589.15 | 11.1x | -105.2x | 10.6x |
| Thu, 06 May 2021 | HK$242.5b | HK$23.4b | -HK$10,485,247,399.36 | 50.3x | -23.1x | 10.3x |
Price to Earnings Ratio
-23.1x
Current Industry PE
- Investors are pessimistic on the Hong Kong REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 6.9x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the REITs industry have improved over the last three years.
- Meanwhile revenues for these companies have declined 36% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.
Industry Trends
Which industries have driven the changes within the Hong Kong Real Estate industry?
| HK Market | -2.76% | |
| Real Estate | -5.51% | |
| REITS | -8.89% | |
| Residential REITs | 0% | |
| Specialized REITs | 0% | |
| Healthcare REITs | 0% | |
| Industrial REITs | -4.70% | |
| Office REITs | -5.16% | |
| Hotel and Resort REITs | -7.53% | |
| Diversified REITs | -8.89% | |
| Retail REITs | -9.56% | |
Industry PE
- Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 28.3% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 35% over the next 5 years.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 30% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| No data available | |||||