Sunlight Real Estate Investment (0435) AI Stock Analysis

• Market Cap: HK$3.92B
• Dividend Yield: 7.9%
• Average Volume (3M): 942.37K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 137
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): -0.10
• Shares Outstanding: 1,748,133,200
• 10 Day Avg. Volume: 522,241
• 30 Day Avg. Volume: 942,374
• PEG Ratio: -0.11
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 4.68
• P/FCF Ratio: 7.85
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$2.82
• Price Target Upside: 25.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): HK$768.00M

• Rating: 58 Neutral
• Price Target: HK$2.50 ▲(11.61% Upside)
• Action: Downgraded Date: 10/20/25
• Date: Action: Downgraded 10/20/25

The overall stock score of 58 reflects a balance between operational efficiency and financial challenges. Strong cash flow generation and a high dividend yield are positive factors, but declining revenues and net losses weigh heavily on the score. Technical indicators suggest stability, but valuation concerns due to a negative P/E ratio limit the score.

Positive Factors

Strong Cash Flow Growth

A 54.7% free cash flow growth rate shows durable cash generation from property operations, which supports sustainable distributions, funds maintenance and refurbishments, and reduces reliance on external financing. Strong FCF provides a buffer if net income remains volatile and enables long-term asset management initiatives.

Negative Factors

Declining Revenues

A persistent revenue decline (-3.36%) is a structural concern for a rent-driven REIT because falling top line reduces distributable income and limits funds for tenant retention or asset upgrades. Continued revenue erosion can compress occupancy economics and weaken long-term cashflow stability.

Sunlight Real Estate Investment Business Overview & Revenue Model

Company Description

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"), a...

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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"), a...

How the Company Makes Money

Sunlight REIT makes money primarily by earning recurring rental income from leasing space in its property portfolio to tenants. Revenue is generated through base rents under lease agreements, and may also include turnover rent (where rent is partl...

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Sunlight REIT makes money primarily by earning recurring rental income from leasing space in its property portfolio to tenants. Revenue is generated through base rents under lease agreements, and may also include turnover rent (where rent is partl...

Sunlight Real Estate Investment Financial Statement Overview

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	824.22M	783.27M	809.00M	802.93M	808.06M
Gross Profit	642.18M	626.62M	649.53M	650.07M	648.40M
EBITDA	534.21M	172.54M	517.39M	543.98M	539.94M
Net Income	-115.34M	-28.43M	-28.43M	102.94M	-233.68M
Balance Sheet
Total Assets	18.52B	19.22B	19.22B	18.96B	19.20B
Cash, Cash Equivalents and Short-Term Investments	451.61M	445.49M	485.24M	630.99M	623.30M
Total Debt	4.95B	4.87B	4.87B	4.29B	4.40B
Total Liabilities	5.51B	5.55B	5.55B	4.91B	5.08B
Stockholders Equity	13.01B	13.67B	13.67B	14.05B	14.12B
Cash Flow
Free Cash Flow	491.61M	501.87M	404.01M	409.26M	452.12M
Operating Cash Flow	491.67M	524.65M	404.06M	409.27M	452.21M
Investing Cash Flow	32.91M	-664.91M	-664.91M	107.62M	-308.76M
Financing Cash Flow	-526.24M	65.99M	65.99M	-514.39M	-367.92M

Sunlight Real Estate Investment Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0435, the sentiment is Negative. The current price of 2.24 is below the 20-day moving average (MA) of 2.40, below the 50-day MA of 2.41, and above the 200-day MA of 2.24, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 32.47 is Neutral, neither overbought nor oversold. The STOCH value of 7.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0435.

Sunlight Real Estate Investment Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
0808	60 Neutral	HK$2.32B	-8.95	-2.04%	8.01%	-7.79%	-73.32%
0435	58 Neutral	HK$3.92B	-9.94	―	7.90%	―	―
0405	52 Neutral	HK$4.00B	-6.20	-4.08%	7.40%	-6.57%	-390.60%
1426	48 Neutral	HK$2.34B	-12.70	-2.11%	9.27%	-10.55%	-314.81%
2191	47 Neutral	HK$2.08B	-6.90	-18.66%	9.24%	4.47%	-885.70%
87001	46 Neutral	¥2.84B	-4.55	-3.49%	0.54%	-8.25%	-55.79%