SHTR.F Stock Overview

Listed on The Stock Exchange of Hong Kong Limited since 21 December 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission and constituted by the trust deed dated 26 May 2006 (as amended and restated) (the "Trust Deed"). More details

SHTR.F fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	3/6
Past Performance	0/6
Financial Health	2/6
Dividends	6/6

Rewards

Trading at 13.5% below our estimate of its fair value

Earnings are forecast to grow 116.31% per year

Pays a high and reliable dividend of 7.14%

Risk Analysis

Shares are highly illiquid

My Notes

Capture your thoughts, links and company narrative

Sunlight Real Estate Investment Trust Competitors

Gladstone Commercial

NasdaqGS:GOOD

US$705.1m

One Liberty Properties

NYSE:OLP

US$587.5m

Alexander & Baldwin

NYSE:ALEX

US$1.3b

CTO Realty Growth

NYSE:CTO

US$583.6m

Price History & Performance

Summary of share price highs, lows and changes for Sunlight Real Estate Investment Trust
Historical stock prices
Current Share Price	HK$0.38
52 Week High	HK$0.48
52 Week Low	HK$0.38
Beta	0.77
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-15.56%

Recent updates

Shareholder Returns

	SHTR.F	US REITs	US Market
7D	0%	-5.0%	-2.7%
1Y	n/a	-4.8%	23.4%

Return vs Industry: Insufficient data to determine how SHTR.F performed against the US REITs industry.

Return vs Market: Insufficient data to determine how SHTR.F performed against the US Market.

Price Volatility

Is SHTR.F's price volatile compared to industry and market?
SHTR.F volatility
SHTR.F Average Weekly Movement	n/a
REITs Industry Average Movement	3.3%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	3.2%

Stable Share Price: SHTR.F has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine SHTR.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2006	n/a	Keith Wu	www.sunlightreit.com

Sunlight REIT (Stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission and constituted by the trust deed dated 26 May 2006 (as amended and supplemented by six supplemental deeds) (the “Trust Deed”), and has been listed on The Stock Exchange of Hong Kong Limited on 21 December 2006. Sunlight REIT offers investors the opportunity to invest in a diversified portfolio of 11 office and five retail properties in Hong Kong with a total gross rentable area of over 1.2 million sq. ft..

Sunlight Real Estate Investment Trust Fundamentals Summary

How do Sunlight Real Estate Investment Trust's earnings and revenue compare to its market cap?
SHTR.F fundamental statistics
Market cap	US$753.23m
Earnings (TTM)	-US$51.71m
Revenue (TTM)	US$100.34m

7.5x

P/S Ratio

-14.6x

P/E Ratio

Is SHTR.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SHTR.F income statement (TTM)
Revenue	HK$787.12m
Cost of Revenue	HK$157.77m
Gross Profit	HK$629.36m
Other Expenses	HK$1.04b
Earnings	-HK$405.67m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.24
Gross Margin	79.96%
Net Profit Margin	-51.54%
Debt/Equity Ratio	31.9%

How did SHTR.F perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

85%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/02/18 10:49
End of Day Share Price	2022/11/21 00:00
Earnings	2022/12/31
Annual Earnings	2022/06/30

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 here.

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 .

Analyst Sources

Sunlight 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
Jonas Kan	Daiwa Securities Co. Ltd.
Sumwai Wong	DBS Bank Ltd
Jeff Yau	DBS Vickers Research