Sunlight Real Estate Investment Trust First Half 2024 Earnings: EPS: HK$0.047 (vs HK$0.16 loss in 1H 2023)

Sunlight Real Estate Investment Trust (HKG:435) First Half 2024 Results

Key Financial Results

• Revenue: HK$419.2m (up 7.9% from 1H 2023).
• Net income: HK$79.7m (up from HK$274.4m loss in 1H 2023).
• Profit margin: 19% (up from net loss in 1H 2023). The move to profitability was primarily driven by lower expenses.
• EPS: HK$0.047 (up from HK$0.16 loss in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sunlight Real Estate Investment Trust Earnings Insights

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the REITs industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 4.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Sunlight Real Estate Investment Trust that we have uncovered.

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