Regal REIT is a Hong Kong collective investment scheme authorised under section 104 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and its Units were listed on The Stock Exchange of Hong Kong Limited on 30th March, 2007.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$1.45|
|52 Week High||HK$1.13|
|52 Week Low||HK$1.80|
|1 Month Change||6.62%|
|3 Month Change||-13.17%|
|1 Year Change||26.09%|
|3 Year Change||-32.87%|
|5 Year Change||-29.95%|
|Change since IPO||-46.10%|
Recent News & Updates
|1881||HK REITs||HK Market|
Return vs Industry: 1881 exceeded the Hong Kong REITs industry which returned 9.8% over the past year.
Return vs Market: 1881 exceeded the Hong Kong Market which returned 5.9% over the past year.
Stable Share Price: 1881 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 1881's weekly volatility (3%) has been stable over the past year.
About the Company
Regal REIT is a Hong Kong collective investment scheme authorised under section 104 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and its Units were listed on The Stock Exchange of Hong Kong Limited on 30th March, 2007. Regal REIT is governed by a trust deed dated 11th December, 2006 (as amended by the first supplemental trust deed dated 2nd March, 2007, the second supplemental trust deed dated 15th May, 2008, the third supplemental trust deed dated 8th May, 2009, the fourth supplemental trust deed dated 23rd July, 2010, the fifth supplemental trust deed dated 3rd May, 2011, the sixth supplemental trust deed dated 21st July, 2011 and the seventh supplemental trust deed dated 14th April, 2015) constituting Regal REIT (the “Trust Deed”) and the REIT Code. The principal activity of Regal REIT and its subsidiaries (collectively, the “Group”) is to own and invest in income-producing hotels, serviced apartments or commercial properties (including office premises) with the objectives of producing stable and growing distributions to Unitholders and to achieve long-term growth in the net asset value per Unit.
Regal Real Estate Investment Trust Fundamentals Summary
|1881 fundamental statistics|
Is 1881 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1881 income statement (TTM)|
|Cost of Revenue||HK$100.06m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.088|
|Net Profit Margin||-39.39%|
How did 1881 perform over the long term?See historical performance and comparison
9.4%Current Dividend Yield
Is Regal Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1881 (HK$1.45) is trading below our estimate of fair value (HK$2.07)
Significantly Below Fair Value: 1881 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1881 is unprofitable, so we can't compare its PE Ratio to the Hong Kong REITs industry average.
PE vs Market: 1881 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1881's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1881 is good value based on its PB Ratio (0.4x) compared to the HK REITs industry average (0.6x).
How is Regal Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1881 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: 1881 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 1881's is expected to become profitable in the next 3 years.
Revenue vs Market: 1881's revenue is expected to decline over the next 3 years (-8.3% per year).
High Growth Revenue: 1881's revenue is forecast to decline over the next 3 years (-8.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 1881's Return on Equity is forecast to be high in 3 years time
How has Regal Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1881 is currently unprofitable.
Growing Profit Margin: 1881 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 1881 is unprofitable, and losses have increased over the past 5 years at a rate of 49.1% per year.
Accelerating Growth: Unable to compare 1881's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 1881 is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-1.7%).
Return on Equity
High ROE: 1881 has a negative Return on Equity (-2.48%), as it is currently unprofitable.
How is Regal Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: 1881's short term assets (HK$142.3M) do not cover its short term liabilities (HK$4.7B).
Long Term Liabilities: 1881's short term assets (HK$142.3M) do not cover its long term liabilities (HK$6.0B).
Debt to Equity History and Analysis
Debt Level: 1881's debt to equity ratio (85.8%) is considered high.
Reducing Debt: 1881's debt to equity ratio has increased from 61.1% to 85.8% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 1881 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1881 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 4.9% per year.
What is Regal Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1881's dividend (9.38%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.22%).
High Dividend: 1881's dividend (9.38%) is in the top 25% of dividend payers in the Hong Kong market (6.77%)
Stability and Growth of Payments
Stable Dividend: 1881's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1881's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (100.9%), 1881's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Regal Real Estate Investment Trust has no CEO, or we have no data on them.
Experienced Board: 1881's board of directors are seasoned and experienced ( 11.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Regal Real Estate Investment Trust's employee growth, exchange listings and data sources
- Name: Regal Real Estate Investment Trust
- Ticker: 1881
- Exchange: SEHK
- Founded: 2006
- Industry: Hotel and Resort REITs
- Sector: Real Estate
- Market Cap: HK$4.723b
- Shares outstanding: 3.26b
- Website: https://www.regalreit.com
- Regal Real Estate Investment Trust
- Unit No. 2001
- 20th Floor
- Causeway Bay
- New Territories
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/23 10:04|
|End of Day Share Price||2021/10/22 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.