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Hong Kong (HSI) REITS Industry Analysis

UpdatedNov 27, 2022
DataAggregated Company Financials
Companies11
  • 7D-3.3%
  • 3M-16.9%
  • 1Y-29.3%
  • YTD-28.0%

Over the last 7 days, the REITS industry has dropped 3.3%, driven by a pullback from Link Real Estate Investment Trust of 5.9%. However, the industry is down 29% over the past year. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

Has the Hong Kong REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 27 Nov 2022HK$168.9bHK$24.6bHK$17.2b8.1x9.8x6.9x
Tue, 25 Oct 2022HK$159.0bHK$24.4bHK$9.5b12.6x16.8x6.5x
Thu, 22 Sep 2022HK$199.0bHK$24.5bHK$9.5b15.7x20.9x8.1x
Sat, 20 Aug 2022HK$208.1bHK$24.5bHK$8.1b9.5x25.8x8.5x
Mon, 18 Jul 2022HK$211.4bHK$24.7bHK$9.9b9.7x21.3x8.6x
Wed, 15 Jun 2022HK$223.0bHK$24.7bHK$9.9b10.1x22.5x9x
Fri, 13 May 2022HK$219.3bHK$24.3bHK$14.6b10.3x15x9x
Sun, 10 Apr 2022HK$229.4bHK$24.5bHK$14.7b10.5x15.6x9.4x
Tue, 08 Mar 2022HK$210.3bHK$24.6bHK$14.8b10.9x14.2x8.6x
Thu, 03 Feb 2022HK$229.9bHK$24.6bHK$8.0b11.5x28.6x9.4x
Sat, 01 Jan 2022HK$228.5bHK$24.6bHK$8.0b9.5x28.4x9.3x
Mon, 29 Nov 2021HK$232.4bHK$24.6bHK$8.0b9.8x29x9.5x
Wed, 27 Oct 2021HK$229.5bHK$23.7b-HK$2,361,821,029.0010x-97.2x9.7x
Fri, 24 Sep 2021HK$226.7bHK$23.7b-HK$2,384,021,874.0010.8x-95.1x9.6x
Sun, 22 Aug 2021HK$250.0bHK$23.7b-HK$2,387,656,589.1511.3x-104.7x10.5x
Fri, 09 Jul 2021HK$251.2bHK$23.7b-HK$2,387,656,589.1511.2x-105.2x10.6x
Thu, 01 Apr 2021HK$236.3bHK$23.4b-HK$10,485,247,399.3649.7x-22.5x10.1x
Sun, 03 Jan 2021HK$232.7bHK$23.4b-HK$33,098,383,827.7913x-7x9.9x
Wed, 07 Oct 2020HK$205.3bHK$23.4b-HK$48,578,141,159.8832.8x-4.2x8.8x
Tue, 30 Jun 2020HK$212.5bHK$23.7b-HK$43,513,247,005.94290.5x-4.9x9x
Fri, 03 Apr 2020HK$222.7bHK$24.1b-HK$26,686,017,378.90218.3x-8.3x9.2x
Mon, 06 Jan 2020HK$283.4bHK$24.4bHK$2.2b16.3x126.6x11.6x
Price to Earnings Ratio

10.7x


Total Market Cap: HK$273.5bTotal Earnings: HK$25.5bTotal Revenue: HK$24.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong REITS Industry Price to Earnings3Y Average 1.2x202020212022
Current Industry PE
  • Investors are optimistic on the Hong Kong REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 9.8x which is higher than its 3-year average PE of 1.2x.
  • The 3-year average PS ratio of 9.4x is higher than the industry's current PS ratio of 6.9x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 12% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Hong Kong Real Estate industry?

HK Market-0.24%
Real Estate3.07%
REITS-3.28%
Industrial REITs3.50%
Office REITs2.68%
Residential REITs0%
Specialized REITs0%
Healthcare REITs0%
Diversified REITs-0.044%
Hotel and Resort REITs-1.01%
Retail REITs-5.01%
Industry PE
  • Investors are most optimistic about the Office REITs industry even though it's trading below its 3-year average PE ratio of 217x.
    • Analysts are expecting annual earnings growth of 18.0%, which is lower than the prior year's growth of 35.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 78% over the next 5 years.
  • This is better than its past earnings decline of 72% per year.
  • In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 98% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
2778 Champion Real Estate Investment TrustHK$2.754.6%
+HK$716.8m
-34.4%PB0.3x
778 Fortune Real Estate Investment TrustHK$5.634.6%
+HK$496.9m
-31.4%PB0.4x
405 Yuexiu Real Estate Investment TrustHK$1.832.2%
+HK$188.4m
-45.2%PB0.5x
2191 SF Real Estate Investment TrustHK$2.663.5%
+HK$72.0m
-24.9%PB0.5x
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Latest News

87001

CN¥0.81

Hui Xian Real Estate Investment Trust

7D

-2.4%

1Y

-41.7%

778

HK$5.63

Fortune Real Estate Investment Trust

7D

4.6%

1Y

-31.4%

2191

HK$2.66

SF Real Estate Investment Trust

7D

3.5%

1Y

-24.9%

1426

HK$2.21

Spring Real Estate Investment Trust

7D

-1.8%

1Y

-16.6%

405

HK$1.83

Yuexiu Real Estate Investment Trust

7D

2.2%

1Y

-45.2%