Spring Real Estate Investment Trust (HK:1426)
:1426
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Spring Real Estate Investment
(1426)
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Rating:48Neutral
Price Target:
HK$1.50
▼(-7.41% Downside)
Action:ReiteratedDate:10/25/25
The overall stock score of 48 reflects significant concerns in financial performance, primarily driven by persistent net losses and high leverage, despite moderate revenue growth. Technical indicators show a neutral stance with no strong momentum, while a high dividend yield offers some appeal, though sustainability is uncertain.
Positive Factors
Strong Gross Margins
A strong gross margin indicates efficient cost management, which can support profitability and provide a buffer against market fluctuations.
Negative Factors
High Leverage
High leverage can increase financial risk and limit flexibility, potentially impacting the company's ability to invest in growth or weather downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Gross Margins
A strong gross margin indicates efficient cost management, which can support profitability and provide a buffer against market fluctuations.
Read all positive factors
Spring Real Estate Investment (1426) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.28B
Dividend Yield9.27%
Average Volume (3M)218.33K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue Growth-10.55%
EPS Growth-314.81%
CountryHK
Employees11
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)-0.11
Shares Outstanding1,483,695,200
10 Day Avg. Volume198,100
30 Day Avg. Volume218,333
Financial Highlights & Ratios
PEG Ratio1.32
Price to Book (P/B)0.46
Price to Sales (P/S)3.63
P/FCF Ratio6.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Spring Real Estate Investment Business Overview & Revenue Model
Company Description
Spring Real Estate Investment Trust ("Spring REIT", stock code: 1426) is a real estate investment trust which invests in high quality income-producing real estate. Listed on 5 December 2013 on the Hong Kong Stock Exchange, Spring REIT offers direc...
How the Company Makes Money
The company generates revenue primarily through the acquisition and appreciation of real estate assets. Key revenue streams include rental income from managed properties, profits from the sale of properties after value addition, and management fee...
Spring Real Estate Investment Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
45
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 719.87M | 747.48M | 732.45M | 577.85M | 600.63M | 590.36M |
| Gross Profit | 535.01M | 565.32M | 478.08M | 440.43M | 396.37M | 397.48M |
| EBITDA | 0.00 | 348.61M | 281.17M | 388.64M | 486.64M | 403.15M |
| Net Income | -135.22M | -49.61M | -77.54M | 32.97M | 509.95M | -213.42M |
Balance Sheet | ||||||
| Total Assets | 13.21B | 12.64B | 14.07B | 12.93B | 9.88B | 9.71B |
| Cash, Cash Equivalents and Short-Term Investments | 488.66M | 270.08M | 604.92M | 202.43M | 582.60M | 555.31M |
| Total Debt | 5.21B | 5.11B | 5.07B | 4.87B | 2.97B | 3.04B |
| Total Liabilities | 5.82B | 5.79B | 6.25B | 5.42B | 3.21B | 3.28B |
| Stockholders Equity | 6.31B | 5.89B | 6.75B | 7.42B | 8.19B | 7.64B |
Cash Flow | ||||||
| Free Cash Flow | 336.64M | 402.45M | 483.82M | 389.90M | 347.44M | 345.60M |
| Operating Cash Flow | 336.64M | 402.45M | 483.82M | 389.90M | 347.44M | 345.60M |
| Investing Cash Flow | 233.40M | -9.68M | -30.51M | -758.05M | -1.12M | -26.29M |
| Financing Cash Flow | -347.93M | -348.55M | -290.23M | 376.01M | -338.83M | -280.35M |
Spring Real Estate Investment Technical Analysis
Negative
1.62
Price Trends
1.64
Negative
1.63
Negative
1.64
Negative
Market Momentum
-0.03
Positive
39.60
Neutral
72.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1426, the sentiment is Negative. The current price of 1.62 is below the 20-day moving average (MA) of 1.63, below the 50-day MA of 1.64, and below the 200-day MA of 1.64, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 39.60 is Neutral, neither overbought nor oversold. The STOCH value of 72.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1426.
Spring Real Estate Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | HK$2.35B | -8.95 | -2.04% | 8.01% | -7.79% | -73.32% | |
58 Neutral | HK$4.02B | -9.94 | ― | 7.90% | ― | ― | |
52 Neutral | HK$4.00B | -6.20 | -4.08% | 7.40% | -6.57% | -390.60% | |
48 Neutral | HK$2.28B | -12.70 | -2.11% | 9.27% | -10.55% | -314.81% | |
47 Neutral | HK$2.12B | -6.90 | -18.66% | 9.24% | 4.47% | -885.70% | |
46 Neutral | ¥2.87B | -4.55 | -3.49% | 0.54% | -8.25% | -55.79% |
* Real Estate Sector Average
HK:1426
Spring Real Estate Investment
1.54
-0.06
-3.75%
HK:0808
Prosperity Real Estate Investment
1.48
0.40
36.66%
HK:0435
Sunlight Real Estate Investment
2.30
0.66
40.24%
HK:0405
Yuexiu Real Estate Investment
0.75
0.09
12.95%
HK:2191
SF Real Estate Investment Trust
2.58
0.21
9.04%
HK:87001
Hui Xian Real Estate Investment Trust
0.44
0.00
0.00%
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.