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Hong Kong (HSI) REITS Industry Analysis
UpdatedMay 06, 2025
DataAggregated Company Financials
Companies4
- 7D0.7%
- 3M-6.2%
- 1Y-14.5%
- YTD-8.8%
In the last week, the REITS industry is up 1.1%, with Sunlight Real Estate Investment Trust up 3.7%. In contrast, the industry has lost 14% in the last 12 months. Earnings are forecast to grow by 61% 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 |
|---|---|---|---|---|---|---|
| Tue, 06 May 2025 | HK$11.5b | HK$6.0b | -HK$1,390,960,517.15 | n/a | -8.3x | 1.9x |
| Thu, 03 Apr 2025 | HK$11.9b | HK$6.0b | -HK$1,393,260,324.43 | n/a | -8.5x | 2x |
| Sat, 01 Mar 2025 | HK$12.3b | HK$6.0b | -HK$728,069,848.56 | 20.1x | -16.9x | 2x |
| Mon, 27 Jan 2025 | HK$12.3b | HK$6.0b | -HK$730,355,582.93 | 20.1x | -16.9x | 2x |
| Wed, 25 Dec 2024 | HK$12.6b | HK$6.0b | -HK$726,459,529.85 | 20.1x | -17.4x | 2.1x |
| Fri, 22 Nov 2024 | HK$13.2b | HK$6.0b | -HK$730,319,630.26 | 20x | -18.1x | 2.2x |
| Sun, 20 Oct 2024 | HK$13.9b | HK$6.1b | -HK$737,534,420.57 | 21.3x | -18.9x | 2.3x |
| Tue, 17 Sep 2024 | HK$12.3b | HK$6.1b | -HK$739,031,704.31 | 20.3x | -16.7x | 2x |
| Thu, 15 Aug 2024 | HK$12.6b | HK$6.1b | -HK$513,762,941.98 | 485x | -24.5x | 2.1x |
| Sat, 13 Jul 2024 | HK$13.6b | HK$6.0b | -HK$416,855,911.19 | 511.4x | -32.7x | 2.3x |
| Mon, 10 Jun 2024 | HK$13.8b | HK$6.0b | -HK$417,087,334.53 | 510.8x | -33.1x | 2.3x |
| Wed, 08 May 2024 | HK$13.2b | HK$6.1b | -HK$418,052,873.52 | 478.1x | -31.5x | 2.2x |
| Fri, 05 Apr 2024 | HK$13.3b | HK$6.1b | -HK$417,818,169.42 | 508.3x | -31.9x | 2.2x |
| Sun, 03 Mar 2024 | HK$15.2b | HK$5.9b | -HK$502,735,580.95 | 28.8x | -30.2x | 2.6x |
| Tue, 30 Jan 2024 | HK$15.6b | HK$5.9b | -HK$856,842,794.00 | 49.2x | -18.3x | 2.7x |
| Thu, 28 Dec 2023 | HK$16.2b | HK$5.9b | -HK$857,485,924.00 | 53.2x | -18.9x | 2.8x |
| Sat, 25 Nov 2023 | HK$17.2b | HK$5.9b | -HK$857,077,860.00 | 60.1x | -20x | 2.9x |
| Mon, 23 Oct 2023 | HK$16.7b | HK$5.8b | -HK$854,383,012.00 | 53x | -19.6x | 2.9x |
| Wed, 20 Sep 2023 | HK$18.3b | HK$5.8b | -HK$854,759,037.00 | 61.5x | -21.4x | 3.1x |
| Fri, 18 Aug 2023 | HK$19.3b | HK$5.8b | -HK$1,205,281,323.00 | 66.5x | -16x | 3.4x |
| Sun, 16 Jul 2023 | HK$21.9b | HK$5.6b | -HK$2,520,932,820.00 | n/a | -8.7x | 3.9x |
| Tue, 13 Jun 2023 | HK$22.6b | HK$5.7b | -HK$2,522,869,563.00 | n/a | -9x | 4x |
| Thu, 11 May 2023 | HK$24.1b | HK$5.7b | -HK$2,548,053,474.00 | n/a | -9.5x | 4.2x |
| Sat, 08 Apr 2023 | HK$24.3b | HK$5.8b | -HK$2,556,831,025.00 | n/a | -9.5x | 4.2x |
| Mon, 06 Mar 2023 | HK$205.4b | HK$24.3b | HK$14.8b | 8.9x | 13.9x | 8.5x |
| Wed, 01 Feb 2023 | HK$210.0b | HK$24.6b | HK$17.2b | 9.8x | 12.2x | 8.5x |
| Fri, 30 Dec 2022 | HK$187.2b | HK$24.7b | HK$17.2b | 8.9x | 10.9x | 7.6x |
| Sun, 27 Nov 2022 | HK$168.9b | HK$24.6b | HK$17.2b | 8.1x | 9.8x | 6.9x |
| Tue, 25 Oct 2022 | HK$159.0b | HK$24.4b | HK$9.5b | 12.6x | 16.8x | 6.5x |
| Thu, 22 Sep 2022 | HK$199.0b | HK$24.5b | HK$9.5b | 15.7x | 20.9x | 8.1x |
| Sat, 20 Aug 2022 | HK$208.1b | HK$24.5b | HK$8.1b | 9.5x | 25.8x | 8.5x |
| Mon, 18 Jul 2022 | HK$211.4b | HK$24.7b | HK$9.9b | 9.7x | 21.3x | 8.6x |
| Wed, 15 Jun 2022 | HK$223.0b | HK$24.7b | HK$9.9b | 10.1x | 22.5x | 9x |
| Fri, 13 May 2022 | HK$219.3b | HK$24.3b | HK$14.6b | 10.3x | 15x | 9x |
Price to Earnings Ratio
15x
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 4.3x is higher than the industry's current PS ratio of 1.9x.
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 | 1.46% | |
| Real Estate | 1.57% | |
| REITS | 0.75% | |
| Office REITs | 6.31% | |
| Retail REITs | 2.87% | |
| Industrial REITs | 1.12% | |
| Diversified REITs | 0.75% | |
| Hotel and Resort REITs | -2.50% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 141% over the next 5 years.
- In contrast, the Retail REITs industry is expected to see its earnings grow by 39% 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 | |
|---|---|---|---|---|---|
| 435 Sunlight Real Estate Investment Trust | HK$1.93 | 1.6% +HK$52.2m | 9.7% | PB0.3x | |
| 405 Yuexiu Real Estate Investment Trust | HK$0.75 | 1.4% +HK$51.4m | -21.1% | PB0.2x |