Sunlight Real Estate Investment Trust Full Year 2024 Earnings: EPS: HK$0.094 (vs HK$0.017 loss in FY 2023)

Sunlight Real Estate Investment Trust (HKG:435) Full Year 2024 Results

Key Financial Results

• Revenue: HK$830.3m (up 6.0% from FY 2023).
• Net income: HK$159.2m (up from HK$28.4m loss in FY 2023).
• Profit margin: 19% (up from net loss in FY 2023).
• EPS: HK$0.094 (up from HK$0.017 loss in FY 2023).

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

Sunlight Real Estate Investment Trust Earnings Insights

The primary driver behind last 12 months revenue was the Retail Properties segment contributing a total revenue of HK$448.2m (54% of total revenue). The most substantial expense, totaling HK$380.3m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 435's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to fall by 6.3% p.a. on average during the next 2 years compared to a 1.5% decline forecast for the REITs industry in Asia.

Performance of the market in Hong Kong.

The company's shares are up 6.8% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Sunlight Real Estate Investment Trust that you should be aware of before investing here.

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