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Yuexiu Real Estate Investment Trust

Yuexiu Real Estate Investment Trust

0.60
HKD
+0.02
(+3.48%)
3.47BMarket Cap
Mar 11Next Earn
Yuexiu Real Estate Investment Trust
HKEX:405
(Hong Kong Exchange)

Recent

price

0.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.45
0.48
0.49
0.49
0.56
0.6
0.64
0.62
0.66
0.65
0.55
0.53
0.41
0.43
0.41
0.36
- -
Revenue per Share
0.59
1.24
0.47
0.19
0.33
0.26
0.24
0.48
0.3
0.28
0.18
0.19
-0.12
- -
-0.06
-0.13
- -
Basic EPS, GAAP
0.24
0.24
0.05
0.2
0.26
0.22
0.3
0.2
0.25
0.25
0.21
0.22
0.07
0.09
0.04
0.07
- -
Free Cash Flow per Basic Share
0.22
0.21
0.19
0.2
0.23
0.24
0.26
0.28
0.28
0.27
0.22
0.2
0.19
0.09
0.07
0.06
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.15
-0.15
-0.66
-0.64
-0.61
-0.82
-0.78
-0.75
-0.71
-0.68
-0.64
-0.61
-0.43
-0.41
-0.38
-0.36
-0.35
Tangible Book Value per Share
1,078
1,078
1,455
2,787
2,818
2,850
2,887
2,972
3,064
3,157
3,221
3,368
4,597
4,842
5,003
5,152
5,233
Basic Weighted Avg Shares
485
522
712
1,371
1,571
1,710
1,838
1,854
2,032
2,058
1,759
1,797
1,873
2,087
2,032
1,856
- -
Sales/Revenue/Turnover
89.64
59.22
51.32
39.95
41.49
38.11
47.53
48.01
53.62
54.65
55.31
52.76
51.81
51.99
55.09
51.9
- -
Operating Margin (%)
18
1
35
144
148
152
157
146
130
131
142
145
147
150
152
147
- -
Depreciation Expense
636
1,337
686
525
926
736
706
1,430
912
877
565
645
-529
5
-321
-659
- -
Net Income, GAAP
2.16
2.47
6.83
22.09
16.04
25.98
28.59
16.19
32.17
31.96
25.78
28.1
- -
101.6
- -
- -
- -
Effective Tax Rate (%)
131.15
256.04
96.39
38.27
58.91
43.04
38.4
77.13
44.87
42.6
32.15
35.9
-28.25
0.22
-15.78
-35.48
- -
Profit Margin (%)
-1,496
576
276
-170
84
-2,749
-1,036
-5,156
-1,993
-2,719
-2,425
-6,037
-3,728
-5,147
-3,910
-7,076
-2,089
Working Capital
- -
1,978
8,058
7,542
7,809
8,136
10,422
8,322
11,599
11,054
10,703
14,728
15,564
14,422
15,973
7,327
12,274
LT Debt
- -
- -
83
83
87
93
100
1,087
1,142
1,205
1,188
1,206
1,217
1,207
1,189
1,152
1,135
Total Equity
11.95
16.02
8.19
5.2
6.78
5
5.37
5.72
6.48
5.69
5.49
3.96
- -
-0.08
- -
- -
- -
Return on Invested Capital (%)
17.7
73.19
15.75
10.28
15.13
10.14
8.25
13.26
8.09
7.59
5.7
5
- -
-0.01
- -
- -
- -
Return on Capital (%)
35.44
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
10,156
13,088
3,241
LT Borrowings
10,415
7,308
12,260
LT Finance Leases
- -
19
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,141
5,259
5,339
Market Capitalization
4,082
4,064
3,002

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
1,729
6,850
1,903
Cash, Cash Equivalents & STI
365
2,329
350
Accounts Receivable, Net
20
18
23
Inventories
3
3
2
Total Current Liabilities
11,039
13,926
3,992
Payables & Accruals
- -
- -
- -
ST Debt
10,156
13,088
3,241
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
100.16%
-0.61%
-3.14%
Free Cash Flow
4.14%
4.18%
88.59%
Net Income, GAAP
-717.18%
-1,438.96%
105.41%
Sales/Revenue/Turnover
1.12%
1.31%
-8.65%
Total Cash Common Dividend
-5.1%
-11.21%
-9.94%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2,032
2025
- -
- -
1,856
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.06
2025
- -
- -
-0.13
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.07
2025
- -
- -
0.06
2026
- -
- -
- -
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Business
Yuexiu Real Estate Investment Trust (stock code: 0405.HK) operates as a Hong Kong-listed real estate investment trust that owns and leases a portfolio of commercial properties in the People's Republic of China and Hong Kong; its core assets include Grade-A office buildings such as Guangzhou International Finance Centre, Yuexiu Financial Tower and Shanghai Yue Xiu Tower; retail and wholesale centers like White Horse Building, Fortune Plaza, City Development Plaza, Victory Plaza and Starry Victoria Shopping Centre; hotel and serviced apartment facilities within Guangzhou International Finance Centre; and additional properties including Wuhan Yuexiu Fortune Centre, Hangzhou Victory Business Centre and units in Hong Kong Yue Xiu Building, with a total rentable area of approximately 804,000 square meters concentrated in central business districts of Guangzhou, Shanghai, Wuhan, Hangzhou and Hong Kong. Constituted by a trust deed dated December 7, 2005 and listed on the Hong Kong Stock Exchange on December 21, 2005, Yuexiu REIT focuses on generating rental income from office leasing, retail operations, specialized apparel markets, hotels and serviced apartments targeting corporate tenants, retailers and consumers across these key markets. In September 2025, the REIT announced a major strategic reorganization by disposing of its 50% interest in Yuexiu Financial Tower to Guangzhou Yue Xiu Development Group Co., Ltd. for approximately RMB3.433 billion, reducing its effective ownership to 49.495% as a qualified minority-owned property while optimizing capital structure, lowering the gearing ratio from 48.1% to about 41.2%, reducing interest expenses and achieving distribution per unit accretion through refinancing and debt repayment.