Prosperity Real Estate Investment Trust

Prosperity Real Estate Investment Trust

1.37
HKD
+0.02
(+1.11%)
2.26BMarket Cap
Mar 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.25
0.29
0.31
0.31
0.3
0.3
0.31
0.3
0.29
0.29
0.29
0.28
0.26
- -
Basic EPS, GAAP
0.5
0.33
0.48
0.39
0.51
0.46
0.22
-0.58
0.04
0.05
- -
-0.05
-0.16
- -
Free Cash Flow per Basic Share
0.18
0.22
0.22
0.22
0.22
0.21
0.24
0.19
0.2
0.2
0.2
0.18
0.17
- -
Dividend per Share
0.14
0.16
0.17
0.18
0.18
0.18
0.18
0.18
0.18
0.17
0.15
0.13
0.11
- -
Book Value per Share
4.56
4.7
4.98
5.17
5.48
5.74
5.75
4.95
4.83
4.71
4.56
4.31
3.97
3.97
Tangible Book Value per Share
4.56
4.7
4.98
5.17
5.48
5.74
5.75
4.95
4.83
4.71
4.56
4.31
3.97
3.97
Basic Weighted Avg Shares
1,392
1,413
1,433
1,450
1,466
1,481
1,498
1,518
1,528
1,506
1,519
1,539
1,574
1,574
Sales/Revenue/Turnover
342
403
439
453
446
447
462
453
445
434
437
425
409
- -
Operating Margin (%)
64.19
63.74
65.53
65.64
65.9
64.9
65.59
65.8
66.31
64.87
64.35
63.3
61.79
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
696
466
693
565
748
688
333
-875
57
75
-6
-75
-252
- -
Effective Tax Rate (%)
3.96
6.35
4.96
6.28
5.04
5.23
11.18
- -
41.99
38.18
126.41
- -
- -
- -
Profit Margin (%)
203.5
115.64
157.87
124.8
167.72
153.89
72.05
-193.09
12.81
17.26
-1.3
-17.55
-61.58
- -
Working Capital
-241
-263
-270
303
36
23
13
-809
-1,680
-177
-255
-1,161
-1,062
-1,062
LT Debt
1,754
2,801
2,813
2,833
2,304
2,312
2,320
1,530
788
2,307
2,316
1,449
1,584
1,584
Total Equity
6,361
6,669
7,156
7,516
8,054
8,524
8,637
7,543
7,263
7,098
6,889
6,676
6,285
6,285
Return on Invested Capital (%)
2.65
2.59
2.81
2.68
2.69
2.59
2.47
- -
1.76
1.83
-0.8
- -
- -
- -
Return on Capital (%)
9.36
6.01
7.83
6.25
8.02
7.03
3.65
- -
0.77
1.18
-0.44
- -
- -
- -
Return on Common Equity (%)
11.42
7.16
10.02
7.71
9.61
8.3
3.88
-10.81
0.77
1.04
-0.08
-1.1
-3.88
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
954
956
853
LT Borrowings
1,449
1,452
1,584
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,548
1,566
1,582
Market Capitalization
1,919
2,162
2,262

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
74
67
72
Cash, Cash Equivalents & STI
47
50
54
Accounts Receivable, Net
3
3
3
Inventories
- -
- -
- -
Total Current Liabilities
1,235
1,247
1,133
Payables & Accruals
- -
- -
- -
ST Debt
954
956
853
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.12%
-3.58%
-5.86%
Free Cash Flow
-1.02%
-0.88%
0.17%
Net Income, GAAP
86.17%
253.99%
237.06%
Sales/Revenue/Turnover
-0.68%
-2.03%
-3.97%
Total Cash Common Dividend
-2.67%
-7.81%
-9.92%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
437
2024
- -
- -
425
2025
- -
- -
409

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
-0.05
2025
- -
- -
-0.16

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.15
2024
- -
- -
0.13
2025
- -
- -
0.11

Company Description

CEO
Lai Hung Wong
Full Time Employees
1
Sector
Finance
Industry
Real estate investment trusts
Address
Unit 901, Level 9, Fortune Metropolis, 6 The Metropolis Drive, Hunghom, Kowloon Hong Kong Hong Kong
IPO Date
Dec 16, 2005
Business
Prosperity Real Estate Investment Trust (808.HK) operates as Hong Kong's first private sector real estate investment trust listed on the Main Board of the Stock Exchange of Hong Kong Limited, owning a diversified portfolio of seven high-quality commercial properties in the decentralized business districts of Hong Kong with a total gross rentable area of approximately 1.28 million sq. ft. and 498 car park spaces; the portfolio comprises three Grade A office buildings including The Metropolis Tower, Prosperity Millennia Plaza, and 9 Chong Yip Street; one commercial building, Prosperity Place; two industrial/office buildings, Trendy Centre and a portion of Prosperity Center; and one industrial building, a portion of New Treasure Centre. Prosperity REIT, founded in 2005 and headquartered at Unit 901, Level 9, Fortune Metropolis, 6 The Metropolis Drive, Hunghom, Kowloon, Hong Kong, focuses on generating stable rental income from office, commercial, and industrial tenants while maintaining an occupancy rate of 94.2% as of December 31, 2024, and investment properties valuation of HK$9,547 million. The REIT is externally managed by ESR Asset Management (Prosperity) Limited, a wholly-owned subsidiary of ESR Group Limited, which was taken private in late 2024 by a consortium led by Starwood Capital Group, Sixth Street, and SSW Partners valuing ESR at HK$55.2 billion; recently, the REIT Manager increased its holdings to approximately 6.87% through the issuance of new units to settle base and variable management fees for the quarter ended June 30, 2025, and Prosperity REIT reported 2025 interim results with distribution per unit of HK$0.0585 alongside flexible leasing strategies to navigate market conditions in Kowloon East.