EC World Real Estate Investment Trust (BWCU) AI Stock Analysis

• Market Cap: S$226.75M
• Dividend Yield: 14.45%
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.08
• Revenue Growth: -23.02%
• EPS Growth: 84.15%
• Country: SG
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 47
• Industry: REIT - Industrial
• EPS (TTM): 0.00
• Shares Outstanding: 809,838,260
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: ―

The overall stock score for EC World Real Estate Investment Trust is driven by its weak financial performance and poor valuation metrics. The financial challenges, including declining revenues and high leverage, are significant concerns. The technical analysis provides a neutral perspective, with no momentum indicated. The lack of profitability and absence of a dividend yield further impact the stock's attractiveness, resulting in a low overall score.

EC World Real Estate Investment Trust Business Overview & Revenue Model

Company Description

EC World Real Estate Investment Trust (BWCU) is a Singapore-based real estate investment trust focusing on specialized logistics and e-commerce sectors. The company primarily invests in properties located in China, with a portfolio that includes logistics facilities, e-commerce logistics assets, and port logistics properties. EC World REIT aims to provide investors with stable distributions through its diversified portfolio of income-generating real estate assets.

How the Company Makes Money

EC World REIT generates revenue primarily through rental income from its portfolio of logistics and e-commerce properties. The company leases its properties to a variety of tenants, including major logistics companies and e-commerce businesses, which provide a steady stream of income. Additionally, EC World REIT may benefit from asset appreciation and strategically timed property sales, although its primary focus remains on generating rental income. Significant partnerships with local and international logistics operators and e-commerce firms enhance its leasing capabilities, contributing to its overall earnings.

EC World Real Estate Investment Trust Financial Statement Overview

Summary

EC World Real Estate Investment Trust faces significant financial challenges with declining revenues, negative profitability, and high leverage. The balance sheet shows decreasing equity, while cash flow statements reflect reduced operational cash generation. These issues suggest financial instability and highlight the need for strategic improvements to regain profitability and financial health.

Income Statement

The company's revenue has been decreasing over the years, with a significant drop in the latest year. The gross profit margin has remained relatively stable, but the net profit margin is negative due to substantial losses. The shift from positive EBIT and EBITDA to negative figures in the latest year indicates deteriorating profitability.

Balance Sheet

The debt-to-equity ratio is high, reflecting significant leverage, which is a potential risk. The equity ratio has decreased over the years, indicating declining financial stability. Return on equity has turned negative recently due to net losses, which is concerning for the company's financial health.

Cash Flow

The operating cash flow has declined significantly, and free cash flow has also decreased. The ratios of operating cash flow and free cash flow to net income are not meaningful due to negative net income, which highlights cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	70.55M	92.21M	107.77M	121.57M	125.22M	109.48M
Gross Profit	55.99M	76.42M	95.54M	106.02M	106.31M	94.75M
EBITDA	-11.97M	-21.09M	90.29M	64.34M	74.26M	67.23M
Net Income	-71.33M	-64.86M	-449.27M	10.11M	24.48M	15.42M
Balance Sheet
Total Assets	876.69M	887.08M	1.01B	1.67B	1.90B	1.82B
Cash, Cash Equivalents and Short-Term Investments	4.18M	4.51M	100.96M	113.83M	169.25M	53.65M
Total Debt	477.92M	480.38M	559.08M	593.14M	721.49M	683.83M
Total Liabilities	850.17M	855.02M	910.42M	1.06B	1.14B	1.10B
Stockholders Equity	26.52M	32.06M	94.86M	606.99M	751.75M	715.51M
Cash Flow
Free Cash Flow	4.01M	4.78M	38.95M	93.56M	70.21M	81.06M
Operating Cash Flow	4.01M	4.78M	38.95M	93.56M	70.21M	81.06M
Investing Cash Flow	-1.55M	-1.64M	25.84M	53.62M	-375.00K	1.06M
Financing Cash Flow	-3.79M	-6.06M	-63.79M	-163.14M	-85.98M	-80.03M

EC World Real Estate Investment Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DHLU	73 Outperform	S$409.43M	13.64	5.87%	8.11%	-5.80%	-27.16%
Sector *	65 Neutral	$2.03B	16.82	4.04%	5.06%	2.46%	2.10%
CMOU	57 Neutral	$219.33M	―	-2.12%	24.56%	-1.55%	78.22%
UD1U	56 Neutral	S$376.55M	28.57	1.69%	8.81%	-11.29%	―
BTOU	47 Neutral	$113.70M	―	-48.17%	―	-19.44%	53.13%
BWCU	46 Neutral	S$226.75M	―	-109.63%	14.45%	-23.02%	84.15%
OXMU	46 Neutral	$227.64M	82.86	0.38%	1.97%	-12.01%	―

EC World Real Estate Investment Trust Corporate Events

EC World REIT Updates on Forchn Holdings Reorganization

EC World Real Estate Investment Trust, managed by EC World Asset Management Pte. Ltd., has announced an update regarding the reorganization of its sponsor, Forchn Holdings Group Co., Ltd. The Fuyang District People’s Court has decided to consolidate Forchn Holdings and its 68 related entities into a single reorganization arrangement. This reorganization does not include any entities under EC World REIT. The reorganization process is being overseen by Capital Equity Legal Group, appointed as the administrator. The administrator has begun promoting the assets of the sponsor entities and is seeking potential investors. However, there is uncertainty about the success of the reorganization and its potential impact on the control of EC World REIT.

EC World REIT Announces Board Reshuffle Amid Succession Planning

EC World Real Estate Investment Trust has announced significant changes to its Board of Directors as part of its succession planning. Four Independent Directors, who have served for nine years, will step down by June 2025, and Mr. Koh Kew Siong will join as an Independent Non-Executive Director. The company is actively seeking candidates to fill the remaining vacancies to comply with governance requirements.

EC World REIT Conducts Successful Annual General Meeting

EC World REIT held its Annual General Meeting on April 30, 2025, at the Oasia Hotel Downtown in Singapore. The meeting was presided over by Mr. Chan Heng Wing, the Acting Chairman and Lead Independent Director. The meeting was attended by the Board of Directors, the Trustee, and other professionals. The meeting’s proceedings were conducted smoothly with the necessary quorum present, ensuring the trust’s governance and operational transparency.