SF Real Estate Investment Trust (2191) AI Stock Analysis

• Market Cap: HK$2.31B
• Dividend Yield: 9.18%
• Average Volume (3M): 791.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.38
• Revenue Growth: 4.47%
• EPS Growth: -885.70%
• Country: HK
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): -0.44
• Shares Outstanding: 820,355,700
• 10 Day Avg. Volume: 741,003
• 30 Day Avg. Volume: 791,494
• PEG Ratio: 0.04
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 5.69
• P/FCF Ratio: 10.25
• 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$3.61
• Price Target Upside: 29.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: HK$3.00 ▲(7.91% Upside)

The overall stock score of 50 reflects significant financial challenges, particularly with declining profitability and cash flow issues. The technical analysis indicates a lack of strong momentum, and the valuation is impacted by a negative P/E ratio, although the high dividend yield offers some appeal. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Diversified Portfolio

A diversified portfolio across multiple real estate sectors reduces risk and provides stable income streams, enhancing long-term resilience.

Strategic Partnerships

Strategic partnerships enhance investment capabilities and access to new opportunities, supporting sustainable growth and competitive positioning.

High Dividend Yield

A high dividend yield can attract income-focused investors, providing a stable return and supporting stock price stability over time.

Negative Factors

Declining Profitability

Declining profitability indicates operational challenges, which can hinder reinvestment and growth, impacting long-term financial health.

Cash Flow Issues

Lack of positive cash flows limits the ability to sustain operations and invest in growth without external financing, posing a risk to stability.

Rising Debt Levels

Increased debt levels can strain financial flexibility and increase risk, potentially impacting the company's ability to navigate economic downturns.

SF Real Estate Investment Trust Business Overview & Revenue Model

Company Description

SF Real Estate Investment Trust (2191) is a prominent entity in the real estate investment sector, primarily focused on acquiring, developing, and managing a diversified portfolio of income-generating properties. The company operates across various segments, including residential, commercial, and industrial sectors, providing investors with exposure to a broad range of real estate opportunities. SF Real Estate Investment Trust aims to deliver strong returns through strategic property investments and effective asset management.

How the Company Makes Money

The company generates revenue primarily through rental income from its properties, which are leased to commercial and residential tenants. This recurring income forms the backbone of its revenue model. Additionally, SF Real Estate Investment Trust may realize profits through property appreciation and sales of assets when market conditions are favorable. The company also benefits from strategic partnerships with real estate developers and financial institutions, which can enhance its investment capabilities and broaden its access to new opportunities. Other potential revenue streams include management fees from third-party property management services and income from ancillary services associated with its real estate holdings.

SF Real Estate Investment Trust Financial Statement Overview

Summary

SF Real Estate Investment Trust is facing significant financial challenges, particularly with declining profitability and cash flow issues. The income statement shows a decline in revenue growth with a negative net income, and the cash flow statement indicates zero operating and free cash flows, implying potential liquidity issues. While the balance sheet remains relatively stable, the overall financial health is concerning.

Income Statement

The income statement shows a decline in revenue growth with a negative net income in the most recent year, indicating potential operational challenges. Margins have significantly deteriorated, with the EBIT margin turning negative in 2024, which is a concern for profitability.

Balance Sheet

The balance sheet reflects a stable equity position with a moderate debt-to-equity ratio. However, the equity ratio indicates a reliance on liabilities, and the recent increase in total debt could pose future financial risks if not managed properly.

Cash Flow

The cash flow statement indicates a concerning trend with zero operating and free cash flows reported in 2024, implying potential liquidity issues. The absence of positive cash flows could impact the company's ability to sustain operations without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	448.74M	445.99M	444.92M	421.47M	252.64M	279.00M
Gross Profit	349.24M	343.25M	357.65M	343.56M	303.08M	221.93M
EBITDA	334.04M	-248.04M	388.61M	317.88M	174.93M	218.72M
Net Income	-668.95M	-294.53M	219.47M	439.67M	174.27M	26.88M
Balance Sheet
Total Assets	6.45B	6.98B	7.69B	7.82B	7.01B	6.16B
Cash, Cash Equivalents and Short-Term Investments	138.28M	133.52M	190.25M	274.14M	397.45M	24.75M
Total Debt	2.48B	2.50B	2.56B	2.65B	2.14B	2.93B
Total Liabilities	3.20B	3.30B	3.46B	3.56B	2.92B	3.95B
Stockholders Equity	3.25B	3.68B	4.23B	4.26B	4.09B	2.21B
Cash Flow
Free Cash Flow	194.74M	247.73M	241.27M	161.42M	108.59M	209.42M
Operating Cash Flow	195.62M	249.30M	245.87M	163.77M	108.77M	213.84M
Investing Cash Flow	-20.75M	36.77M	93.46M	-187.09M	-1.42B	-117.36M
Financing Cash Flow	-279.59M	-382.38M	-422.84M	-98.87M	1.71B	-78.79M

SF Real Estate Investment Trust Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2191, the sentiment is Neutral. The current price of 2.78 is below the 20-day moving average (MA) of 2.79, below the 50-day MA of 2.81, and below the 200-day MA of 2.80, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.06 is Neutral, neither overbought nor oversold. The STOCH value of 55.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2191.

SF Real Estate Investment Trust 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%
2270	64 Neutral	HK$2.28B	58.32	11.60%	―	21.08%	-18.26%
0808	59 Neutral	$2.20B	-16.33	-2.04%	8.01%	-7.79%	-73.32%
1881	54 Neutral	$1.27B	-1.83	-5.47%	―	5.54%	-592.13%
1426	52 Neutral	HK$2.39B	―	-2.11%	9.38%	-10.55%	-314.81%
1503	52 Neutral	€1.43B	-13.57	-3.25%	8.42%	-5.78%	61.05%
2191	50 Neutral	HK$2.31B	-3.43	-18.66%	9.18%	4.47%	-885.70%