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Hong Kong (HSI) REITS Industry Analysis
UpdatedDec 28, 2024
DataAggregated Company Financials
Companies4
- 7D0.9%
- 3M-9.2%
- 1Y-28.3%
- YTD-26.7%
Over the last 7 days, the REITS industry has remained flat. Unfortunately though, the industry is down 28% over the past 12 months. Earnings are forecast to grow by 14% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 29 Dec 2024 | HK$12.6b | HK$6.0b | -HK$726,061,728.60 | 20.1x | -17.4x | 2.1x |
| Tue, 26 Nov 2024 | HK$12.9b | HK$6.0b | -HK$730,058,440.89 | 19.6x | -17.6x | 2.1x |
| Thu, 24 Oct 2024 | HK$13.7b | HK$6.1b | -HK$735,970,820.07 | 20.8x | -18.6x | 2.3x |
| Sat, 21 Sep 2024 | HK$12.9b | HK$6.1b | -HK$741,464,600.33 | 20.5x | -17.4x | 2.1x |
| Mon, 19 Aug 2024 | HK$12.6b | HK$6.1b | -HK$735,051,282.75 | 20.3x | -17.1x | 2.1x |
| Wed, 17 Jul 2024 | HK$13.6b | HK$6.0b | -HK$416,434,355.80 | 512.5x | -32.6x | 2.3x |
| Fri, 14 Jun 2024 | HK$13.7b | HK$6.0b | -HK$416,931,860.79 | 516.1x | -32.8x | 2.3x |
| Sun, 12 May 2024 | HK$13.6b | HK$6.0b | -HK$417,661,521.73 | 499.2x | -32.5x | 2.2x |
| Tue, 09 Apr 2024 | HK$13.1b | HK$6.1b | -HK$417,917,036.47 | 497.9x | -31.4x | 2.2x |
| Thu, 07 Mar 2024 | HK$14.3b | HK$5.9b | -HK$502,604,934.64 | 27.6x | -28.5x | 2.4x |
| Sat, 03 Feb 2024 | HK$15.3b | HK$5.9b | -HK$858,623,305.00 | 46.4x | -17.8x | 2.6x |
| Mon, 01 Jan 2024 | HK$17.2b | HK$5.9b | -HK$858,500,304.00 | 56x | -20x | 2.9x |
| Wed, 29 Nov 2023 | HK$16.8b | HK$5.9b | -HK$857,131,072.00 | 56.5x | -19.7x | 2.9x |
| Fri, 27 Oct 2023 | HK$16.4b | HK$5.8b | -HK$854,261,697.00 | 52.6x | -19.1x | 2.8x |
| Sun, 24 Sep 2023 | HK$17.8b | HK$5.8b | -HK$854,657,930.00 | 61.1x | -20.9x | 3.1x |
| Tue, 22 Aug 2023 | HK$18.8b | HK$5.8b | -HK$1,204,977,979.00 | 69.8x | -15.6x | 3.3x |
| Thu, 20 Jul 2023 | HK$21.8b | HK$5.6b | -HK$2,511,540,935.00 | n/a | -8.7x | 3.9x |
| Sat, 17 Jun 2023 | HK$22.2b | HK$5.7b | -HK$2,525,290,195.00 | n/a | -8.8x | 3.9x |
| Mon, 15 May 2023 | HK$23.8b | HK$5.7b | -HK$2,545,475,247.00 | n/a | -9.3x | 4.2x |
| Wed, 12 Apr 2023 | HK$24.0b | HK$5.8b | -HK$2,554,929,772.00 | n/a | -9.4x | 4.2x |
| Fri, 10 Mar 2023 | HK$196.9b | HK$24.2b | HK$14.8b | 8.8x | 13.3x | 8.1x |
| Sun, 05 Feb 2023 | HK$215.8b | HK$24.6b | HK$17.2b | 9.6x | 12.5x | 8.8x |
| Tue, 03 Jan 2023 | HK$190.2b | HK$24.7b | HK$17.2b | 8.9x | 11.1x | 7.7x |
| Thu, 01 Dec 2022 | HK$170.2b | HK$24.6b | HK$17.2b | 8.2x | 9.9x | 6.9x |
| Sat, 29 Oct 2022 | HK$156.7b | HK$24.4b | HK$9.5b | 12.6x | 16.5x | 6.4x |
| Mon, 26 Sep 2022 | HK$195.1b | HK$24.5b | HK$9.5b | 15.3x | 20.5x | 8x |
| Wed, 24 Aug 2022 | HK$203.7b | HK$24.4b | HK$9.2b | 9.5x | 22.1x | 8.3x |
| Fri, 22 Jul 2022 | HK$209.8b | HK$24.7b | HK$9.9b | 9.9x | 21.2x | 8.5x |
| Sun, 19 Jun 2022 | HK$209.7b | HK$24.7b | HK$9.9b | 9.6x | 21.1x | 8.5x |
| Tue, 17 May 2022 | HK$223.1b | HK$24.3b | HK$14.6b | 10.2x | 15.3x | 9.2x |
| Thu, 14 Apr 2022 | HK$223.3b | HK$24.5b | HK$14.7b | 10.3x | 15.2x | 9.1x |
| Sat, 12 Mar 2022 | HK$218.8b | HK$24.5b | HK$13.4b | 15.6x | 16.3x | 8.9x |
| Mon, 07 Feb 2022 | HK$231.4b | HK$24.6b | HK$8.0b | 11.6x | 28.8x | 9.4x |
| Wed, 05 Jan 2022 | HK$236.2b | HK$24.6b | HK$8.0b | 11.3x | 29.4x | 9.6x |
Price to Earnings Ratio
29.4x
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 5.1x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 37% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Real Estate industry?
| HK Market | 2.11% | |
| Real Estate | 1.83% | |
| REITS | 0.89% | |
| Office REITs | 4.24% | |
| Retail REITs | 2.33% | |
| Industrial REITs | 1.96% | |
| Diversified REITs | 0.89% | |
| Residential REITs | 0% | |
| Specialized REITs | 0% | |
| Healthcare REITs | 0% | |
| Hotel and Resort REITs | -2.13% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 17.6x.
- Analysts are expecting annual earnings growth of 54.4%, which is higher than its past year's earnings decline of 73.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 63% over the next 5 years.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 68% 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 | |
|---|---|---|---|---|---|
| 405 Yuexiu Real Estate Investment Trust | HK$0.96 | 2.1% +HK$101.4m | -23.8% | PB0.3x | |
| 435 Sunlight Real Estate Investment Trust | HK$1.85 | 2.2% +HK$69.1m | -15.1% | PB0.2x | |
| 1503 China Merchants Commercial Real Estate Investment Trust | HK$1.20 | 0.8% +HK$11.3m | -10.4% | PB0.4x |