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Sunlight Real Estate Investment Trust

Sunlight Real Estate Investment Trust

0.22
EUR
+0.00
(-0.88%)
383.08MMarket Cap
Sep 07Next Earn
Sunlight Real Estate Investment Trust
FRA:Q9R
(Frankfurt Stock Exchange)

Recent

price

0.22

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
HKD
0.31
0.34
0.36
0.39
0.43
0.46
0.47
0.48
0.5
0.52
0.52
0.48
0.48
0.46
- -
0.45
- -
Revenue per Share
0.89
1.05
0.64
1.04
0.76
1.17
0.5
0.45
0.88
0.97
-0.45
-0.14
0.06
-0.02
- -
-0.16
- -
Basic EPS, GAAP
0.22
0.24
0.26
0.28
0.29
0.3
0.3
0.32
0.32
0.33
0.32
0.32
0.3
0.31
- -
0.28
- -
Free Cash Flow per Basic Share
0.17
0.14
0.16
0.17
0.19
0.21
0.24
0.24
0.33
0.27
0.27
0.26
0.25
0.24
- -
0.18
- -
Dividend per Share
4.3
5.21
5.62
6.52
7.06
7.99
8.26
8.49
9.03
9.68
8.89
8.45
8.36
8.06
- -
7.09
6.92
Book Value per Share
4.3
5.08
5.49
6.39
6.94
7.87
8.24
8.46
9.01
9.66
8.87
8.42
8.33
8.04
- -
7.07
6.9
Tangible Book Value per Share
1,555
1,573
1,597
1,611
1,620
1,632
1,637
1,637
1,641
1,647
1,656
1,666
1,676
1,687
1,702
1,737
193
Basic Weighted Avg Shares
489
532
582
630
689
754
770
788
817
851
855
799
803
783
- -
778
- -
Sales/Revenue/Turnover
337.9
344.08
63.4
64.7
63.9
63.35
66.27
66.45
65.27
66.27
67.27
66.57
66.41
64.43
- -
64.27
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1,389
1,655
1,027
1,675
1,230
1,903
825
744
1,442
1,591
-751
-234
103
-28
- -
-275
- -
Net Income, GAAP
1.95
1.76
4.02
2.96
4.68
3.29
7.72
8.42
5.25
4.86
- -
- -
42.52
173.32
- -
- -
- -
Effective Tax Rate (%)
284.32
310.84
176.6
265.73
178.55
252.23
107.22
94.34
176.45
187.03
-87.93
-29.24
12.82
-3.63
- -
-35.4
- -
Profit Margin (%)
-19
-3,919
12
61
32
875
824
784
339
-350
-1,449
-1,733
-947
-508
- -
-1,016
218
Working Capital
3,944
- -
3,916
3,875
3,872
3,884
3,896
3,902
4,231
3,638
2,597
2,398
2,990
4,164
- -
3,616
4,805
LT Debt
6,722
8,262
9,022
10,532
11,495
13,097
13,518
13,899
14,857
15,992
14,771
14,124
14,051
13,669
- -
12,403
12,168
Total Equity
17.02
15.55
8.9
13.06
8.97
12.38
5.47
4.76
8.17
8.56
- -
- -
0.86
-0.68
- -
- -
- -
Return on Invested Capital (%)
17.03
15.55
8.81
12.91
8.87
12.35
5.28
4.66
8.2
8.55
- -
- -
0.85
-0.69
- -
- -
- -
Return on Capital (%)
25.29
22.09
11.89
17.13
11.17
15.47
6.2
5.42
10.03
10.32
-4.89
-1.62
0.73
-0.21
- -
- -
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Dec'25
Jun'26
ST Debt
- -
1,199
30
LT Borrowings
4,873
3,616
4,805
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,703
1,748
1,757
Market Capitalization
3,376
3,643
3,432

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Dec'25
Jun'26
Total Current Assets
489
497
559
Cash, Cash Equivalents & STI
414
452
514
Accounts Receivable, Net
37
28
26
Inventories
- -
- -
- -
Total Current Liabilities
337
1,514
342
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,199
30
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
778
2026
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
-0.16
2026
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
0.18
2026
- -
- -
- -
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Business
Sunlight Real Estate Investment Trust (0435.HK) is a Hong Kong-listed real estate investment trust that owns and invests in a diversified portfolio of income-producing office and retail properties in Hong Kong. Listed on The Stock Exchange of Hong Kong since December 21, 2006 and constituted by a trust deed dated May 26, 2006, Sunlight REIT offers investors exposure to 11 office properties, including Grade A Dah Sing Financial Centre in Wan Chai, Strand 50 and other Grade B assets in Sheung Wan, Central, Mong Kok, North Point and Yau Ma Tei such as Righteous Centre, The Harvest, Winsome House Property, 135 Bonham Strand Trade Centre, 235 Wing Lok Street Trade Centre, Java Road 108 Commercial Centre, On Loong Commercial Building, Sun Fai Commercial Centre Property and Wai Ching Commercial Building Property; and six retail properties, comprising Sheung Shui Centre Shopping Arcade and Metro City Phase I Property in new towns, Kwong Wah Plaza Property in Yuen Long, and West 9 Zone Kids in Tai Kok Tsui, Supernova Stand Property in North Point and Beverley Commercial Centre Property in Tsim Sha Tsui, with a total gross rentable area of approximately 1.3 million sq. ft. and an aggregate appraised value of HK$17,630.5 million as at June 30, 2025. The properties are strategically located in core and decentralized business districts for offices, and regional transportation hubs, new towns and high-density urban areas for retail, targeting financial services, trade, food and beverage, fashion, healthcare, education and lifestyle tenants. Managed externally by Henderson Sunlight Asset Management Limited, an indirect wholly-owned subsidiary of Henderson Land Development Company Limited and headquartered at 30th Floor, Dah Sing Financial Centre, 248 Queen's Road East, Wan Chai, Hong Kong, the REIT maintains a gearing ratio of 27.4% and focuses on delivering regular stable cash distributions to unitholders. Recent developments include the renewal of key agreements on April 30, 2024, with the Henderson Land Development-related group for a term extending to December 31, 2026, covering master leasing, joint carparking, property management and master services arrangements; refinancing initiatives such as a new four-year HK$500 million unsecured term loan in the first half of 2025 and two additional term loan facilities totaling HK$700 million entered in August 2025 to refinance maturing debt; execution of interest rate swaps with HK$650 million notional to fix 55.3% of borrowings at 30 June 2025; and ongoing asset enhancements like smart control systems at Grade B offices, the H- COINS membership programme, lift replacements at Dah Sing Financial Centre, ground floor refurbishments at Metro City Phase I and renovation of West 9 Zone Kids targeting completion by end-2025.