Prosperity Real Estate Investment Trust is the first private sector real estate investment trust to be listed on The stock exchange of Hong Kong Limited on 16 December 2005. Prosperity REIT owns a diverse portfolio of seven high-quality properties in the decentralized business districts of Hong Kong, with a total gross rentable area of about 1.28 million sq. ft.. Prosperity Real Estate Investment Trust was established and incorporated on November 29, 2005 in Hong Kong.
Research context
Prosperity Real Estate Investment Trust appears in PyInvesting’s Hong Kong Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- HKD
- Sector
- Real Estate
- Industry
- REIT - Office
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5 years, 6 months ago
Prosperity Real Estate Investment Trust is currently in a long term uptrend where the price is trading 23.9% above its 200 day moving average.
From a valuation standpoint, the stock is 46.8% more expensive than other stocks from the Real Estate sector with a price to sales ratio of 8.6.
Prosperity Real Estate Investment Trust's total revenue sank by 3.4% to $224M since the same quarter in the previous year.
Its net income has dropped by 350.1% to $-337M since the same quarter in the previous year.
Finally, its free cash flow fell by 25.2% to $69M since the same quarter in the previous year.
Based on the above factors, Prosperity Real Estate Investment Trust gets an overall score of 1/5.