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1 Comment
Spring Real Estate Investment Trust is currently in a long term uptrend where the price is trading 5.8% above its 200 day moving average.
From a valuation standpoint, the stock is 12.7% more expensive than other stocks from the Real Estate sector with a price to sales ratio of 6.6.
Spring Real Estate Investment Trust's total revenue sank by 6.2% to $260M since the same quarter in the previous year.
Its net income has increased by 7.9% to $76M since the same quarter in the previous year.
Finally, its free cash flow fell by 28.3% to $71M since the same quarter in the previous year.
Based on the above factors, Spring Real Estate Investment Trust gets an overall score of 2/5.
Sector | Real Estate |
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Exchange | HK |
CurrencyCode | HKD |
ISIN | HK0000174232 |
Industry | REIT - Diversified |
Market Cap | 3B |
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PE Ratio | None |
Dividend Yield | 8.9% |
Beta | 0.42 |
Target Price | 0.52 |
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's property portfolio comprises (i) two Premium Grade office buildings strategically located in the Central Business District of Beijing, (ii) a landmark shopping mall Huamao Place in Huizhou, Greater Bay Area, and (iii) a long-income portfolio of commercial properties in the United Kingdom ("UK Portfolio"). Spring REIT seeks to offer to Unitholders stable distributions and the potential for sustainable long-term growth through investing in a diversified portfolio of income-producing real estate. Spring REIT is managed by Spring Asset Management Limited, a company incorporated in Hong Kong. As at 31 December 2024, the Manager is 80.4% owned by Mercuria Holdings Co., Ltd. ("Mercuria Holdings"), which is an investment holding company listed on the Tokyo Stock Exchange (Stock Code: 7347) with notable shareholders such as Development Bank of Japan, Itochu Corporation and Sumitomo Mitsui Trust Bank, Limited.
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