Company DescriptionChina Merchants Commercial REIT is a Hong Kong collective investment scheme constituted as a unit trust and authorised under section 104 of the SFO. China Merchants Commercial REIT is a REIT formed to primarily own and invest in high quality income-generating commercial properties in the PRC (including Hong Kong and Macao but excluding the CML Cities).

How the Company Makes Money

China Merchants Commercial Real Estate Investment Trust Financial Statement Overview

Summary

China Merchants Commercial Real Estate Investment Trust shows mixed financial health. While revenue and EBIT margins are improving, persistent net losses and absence of EBITDA impact profitability. Moderate leverage is accompanied by declining equity ratios, indicating potential financial risks. Cash flow constraints further complicate financial stability, signaling the need for enhanced cash management strategies.

Income Statement

Neutral

The revenue growth rate from 2023 to 2024 was 8.22%, indicating a moderate upward trajectory. Despite positive EBIT and gross profit, the company has consistent net losses, resulting in negative net profit margins. The EBIT margin for 2024 was strong at 96.93%, but the lack of EBITDA data affects comprehensive margin analysis.

Balance Sheet

Neutral

The debt-to-equity ratio in 2024 was 0.77, reflecting moderate leverage. However, the company has faced declining equity ratio trends, with 2024's equity ratio at 30.71%. Persistent net losses have negatively impacted return on equity, demonstrating potential financial instability.

Cash Flow

Negative

The absence of free cash flow in 2024 prevents growth rate analysis. Operating cash flow to net income ratio is unavailable due to missing OCF data. The company's cash flow management appears challenging given financing cash outflows and no recorded free cash flow.

Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
529.36M	489.16M	431.70M	432.83M	370.13M
	Gross Profit
383.72M	355.23M	318.29M	320.30M	273.94M
	EBIT
357.13M	328.01M	293.37M	288.34M	249.56M
	EBITDA
0.00	-39.87M	-2.64M	98.23M	109.82M
	Net Income Common Stockholders
-178.35M	-189.39M	-209.54M	267.70M	285.05M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.09B	1.08B	1.14B	734.09M	355.32M
	Total Assets
10.08B	10.39B	10.82B	7.56B	7.21B
	Total Debt
4.09B	4.05B	4.05B	2.21B	2.01B
	Net Debt
3.10B	2.97B	2.91B	1.48B	1.66B
	Total Liabilities
5.52B	5.51B	6.78B	27.19M	3.30B
	Stockholders Equity
3.10B	3.39B	3.66B	4.01B	3.91B
Cash Flow		Free Cash Flow
0.00	274.87M	200.36M	235.09M	194.39M
	Operating Cash Flow
0.00	274.91M	200.37M	235.09M	194.71M
	Investing Cash Flow
0.00	-67.55M	-1.07B	119.28M	-132.32M
	Financing Cash Flow
0.00	-269.07M	1.27B	24.40M	-1.17B

China Merchants Commercial Real Estate Investment Trust Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5C3		€149.77M	―	-5.63%	10.29%	―	―
Sector *	61 Neutral	$2.83B	10.92	0.41%	8438.90%	5.75%	-21.03%
CMPNF		$1.57B	―	-4.63%	7.98%	―	―
TMPPF		$49.81M	―	-3320.67%	―	―	―
WRFRF		$7.73B	61.77	0.47%	6.84%	―	―

* Real Estate Sector Average

Performance Comparison

DE:5C3

China Merchants Commercial Real Estate Investment Trust

0.13

0.01

8.33%

CMPNF

Champion Real Estate Investment

0.23

0.03

15.00%

TMPPF

Times China Holdings

0.05

-0.02

-28.57%

WRFRF

Wharf Real Estate Investment Co

2.32

-0.35

-13.11%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.