SF Real Estate Investment Trust Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

SEHK:2191 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
08 Apr 25	BuyHK$12,781,590	Shenzhen Mingde Holding Development Co., Ltd.	Company	4,462,846	HK$2.86
08 Apr 25	SellHK$12,781,590	Columbia Management Investment Advisers, LLC	Company	4,462,846	HK$2.86
03 Apr 25	BuyHK$12,781,606	Columbia Management Investment Advisers, LLC	Company	4,462,846	HK$2.86
22 Nov 24	BuyHK$1,200,000	China Orient Asset Management (International) Holding Limited	Company	400,000	HK$3.00
11 Sep 24	BuyHK$13,259,733	Shenzhen Mingde Holding Development Co., Ltd.	Company	4,892,896	HK$2.71
11 Sep 24	SellHK$13,259,733	Columbia Management Investment Advisers, LLC	Company	4,892,896	HK$2.71
05 Sep 24	BuyHK$13,259,741	Columbia Management Investment Advisers, LLC	Company	4,892,896	HK$2.71

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of 2191?
Owner Type	Number of Shares	Ownership Percentage
Institutions	194,013,287	23.6%
Private Companies	300,355,741	36.6%
General Public	325,986,713	39.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 21 shareholders own 60.26% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
36.6%	Shenzhen Mingde Holding Development Co., Ltd.	300,355,741	HK$817.0m	1.51%	no data
15.6%	China Orient Asset Management (International) Holding Limited	127,541,000	HK$346.9m	1.23%	5.23%
4.74%	China Orient Asset Management Corporation, Asset Management Arm	38,847,000	HK$105.7m	4.43%	2.34%
0.89%	B&I Capital AG	7,305,000	HK$19.9m	0%	0.4%
0.52%	SCB Asset Management Co., Ltd.	4,248,000	HK$11.6m	0%	0.04%
0.29%	SBI Okasan Asset Management Co., Ltd.	2,377,000	HK$6.5m	0%	0.04%
0.29%	RREEF America L.L.C.	2,377,000	HK$6.5m	0%	no data
0.28%	UB Fund Management Company Ltd.	2,300,000	HK$6.3m	0%	0.17%
0.27%	Perinvest (UK) Ltd	2,250,000	HK$6.1m	0%	0.85%
0.24%	The Vanguard Group, Inc.	1,932,000	HK$5.3m	3.82%	no data
0.16%	Dimensional Fund Advisors LP	1,351,650	HK$3.7m	58.4%	no data
0.13%	Cambria Investment Management, L.P.	1,066,962	HK$2.9m	0%	0.01%
0.079%	State Street Global Advisors, Inc.	651,000	HK$1.8m	-4.41%	no data
0.054%	AMP Capital Investors Limited	441,000	HK$1.2m	0%	1.07%
0.041%	BlackRock, Inc.	337,000	HK$916.6k	0%	no data
0.04%	Mitsubishi UFJ Asset Management Co., Ltd.	325,000	HK$884.1k	0%	no data
0.035%	Principal Global Investors, LLC	286,000	HK$777.9k	-1.04%	no data
0.017%	FMR LLC	137,000	HK$372.6k	0%	no data
0.016%	Acadian Asset Management LLC	132,000	HK$359.0k	0%	no data
0.0082%	Nissay Asset Management Corporation	67,000	HK$182.3k	0%	no data
0.0051%	Aristotle Capital Management, LLC	41,675	HK$113.4k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/05 00:28
End of Day Share Price	2025/05/02 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SF Real Estate Investment Trust is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Credit Suisse
Jianping Chen	Credit Suisse
Jeff Yau	DBS Bank Ltd