Yuexiu Real Estate Investment Trust (HK:0405)
:0405
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Yuexiu Real Estate Investment
(0405)
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Rating:52Neutral
Price Target:
HK$0.86
▲(1.06% Upside)
Action:ReiteratedDate:03/12/26
The score is held back primarily by weak profitability (recent net losses) alongside a meaningfully leveraged balance sheet, which reduces financial flexibility. Offsetting factors include consistently positive operating/free cash flow and an attractive dividend yield, while technical indicators are broadly neutral with mild softness.
Positive Factors
Business model diversification
The firm earns from development sales, recurring rental income and property-management fees, creating multiple cash channels. This structural mix reduces reliance on any single cycle, smoothing cash flow across 2–6 months and providing resilience if new sales slow.
Negative Factors
Elevated leverage
Debt materially exceeds equity, constraining financial flexibility. Elevated leverage increases interest expense sensitivity, raises refinancing risk and limits capacity for new projects or accelerated deleveraging, making the company vulnerable to slower sales or higher funding costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model diversification
The firm earns from development sales, recurring rental income and property-management fees, creating multiple cash channels. This structural mix reduces reliance on any single cycle, smoothing cash flow across 2–6 months and providing resilience if new sales slow.
Read all positive factors
Yuexiu Real Estate Investment (0405) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.00B
Dividend Yield7.4%
Average Volume (3M)3.01M
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue Growth-6.57%
EPS Growth-390.60%
CountryHK
Employees726
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)-0.07
Shares Outstanding5,338,808,000
10 Day Avg. Volume1,877,750
30 Day Avg. Volume3,014,080
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.28
Price to Sales (P/S)2.18
P/FCF Ratio10.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$0.86Price Target Upside0.59% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.07
Revenue Forecast (FY)HK$1.95B
Yuexiu Real Estate Investment Business Overview & Revenue Model
Company Description
Yuexiu Real Estate Investment Trust ("Yuexiu REIT") was listed on the Hong Kong Stock Exchange of Hong Kong Limited on 21 December 2005 and is the first listed real estate investment trust only investing in properties in the People's Republic of C...
How the Company Makes Money
Yuexiu Real Estate Investment generally generates earnings through multiple real-estate-driven income streams: (1) Property development sales: The core cash-generating activity is developing residential and/or commercial projects and recognizing r...
Yuexiu Real Estate Investment Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
44
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.83B | 2.03B | 2.09B | 1.87B | 1.80B |
| Gross Profit | 1.00B | 1.43B | 1.67B | 1.31B | 1.30B |
| EBITDA | 346.41M | 1.18B | 1.30B | 424.21M | 1.41B |
| Net Income | -641.46M | -320.58M | 4.63M | -529.04M | 645.00M |
Balance Sheet | |||||
| Total Assets | 42.07B | 43.28B | 43.85B | 43.87B | 43.86B |
| Cash, Cash Equivalents and Short-Term Investments | 6.64B | 1.40B | 1.24B | 1.37B | 1.48B |
| Total Debt | 20.42B | 20.59B | 20.28B | 19.94B | 17.63B |
| Total Liabilities | 26.81B | 27.27B | 27.01B | 26.54B | 27.94B |
| Stockholders Equity | 14.10B | 14.83B | 15.63B | 16.10B | 14.72B |
Cash Flow | |||||
| Free Cash Flow | 398.12M | 202.91M | 428.81M | 338.72M | 756.79M |
| Operating Cash Flow | 434.89M | 218.65M | 451.11M | 354.14M | 774.54M |
| Investing Cash Flow | 4.40B | 22.17M | -91.81M | -3.71B | -4.16B |
| Financing Cash Flow | 241.53M | -269.98M | -276.98M | 3.27B | 3.04B |
Yuexiu Real Estate Investment Technical Analysis
Negative
0.85
Price Trends
0.81
Negative
0.83
Negative
0.84
Negative
Market Momentum
-0.02
Positive
34.50
Neutral
9.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0405, the sentiment is Negative. The current price of 0.85 is above the 20-day moving average (MA) of 0.78, above the 50-day MA of 0.81, and above the 200-day MA of 0.84, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 34.50 is Neutral, neither overbought nor oversold. The STOCH value of 9.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0405.
Yuexiu Real Estate Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$2.61B | 12.36 | 8.86% | 6.95% | 5.13% | -38.76% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | HK$2.32B | -8.95 | -2.04% | 8.01% | -7.79% | -73.32% | |
58 Neutral | HK$3.92B | -9.94 | ― | 7.90% | ― | ― | |
52 Neutral | HK$4.00B | -6.20 | -4.08% | 7.40% | -6.57% | -390.60% | |
48 Neutral | HK$2.34B | -12.70 | -2.11% | 9.27% | -10.55% | -314.81% | |
46 Neutral | ¥2.84B | -4.55 | -3.49% | 0.54% | -8.25% | -55.79% |
* Real Estate Sector Average
HK:0405
Yuexiu Real Estate Investment
0.75
0.07
9.81%
HK:0808
Prosperity Real Estate Investment
1.46
0.38
34.81%
HK:1426
Spring Real Estate Investment
1.58
-0.02
-1.31%
HK:0435
Sunlight Real Estate Investment
2.24
0.56
33.57%
HK:6626
Yuexiu Services Group Ltd.
1.74
-0.92
-34.64%
HK:87001
Hui Xian Real Estate Investment Trust
0.44
-0.02
-3.33%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.