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China Merchants Commercial Real Estate Investment Trust

China Merchants Commercial Real Estate Investment Trust

0.11
EUR
+0.00
(-0.28%)
146.91MMarket Cap
Mar 24Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.33
0.32
0.35
0.03
0.33
0.38
0.38
0.43
0.47
0.38
- -
Basic EPS, GAAP
0.31
0.64
0.97
0.03
0.25
0.24
-0.18
-0.17
-0.16
-0.09
- -
Free Cash Flow per Basic Share
0.19
0.2
0.22
0.01
0.17
0.21
0.18
0.24
0.24
0.17
- -
Dividend per Share
- -
- -
- -
- -
0.09
0.21
0.24
0.16
0.1
0.1
- -
Book Value per Share
3.79
1.18
2.16
3.36
3.47
3.55
3.24
3.01
2.75
2.57
2.57
Tangible Book Value per Share
3.79
1.18
2.16
3.36
3.47
3.55
3.24
3.01
2.75
2.57
2.57
Basic Weighted Avg Shares
1,128
1,128
1,128
1,128
1,128
1,128
1,128
1,128
1,128
1,128
123
Sales/Revenue/Turnover
367
360
389
29
370
433
432
489
529
432
- -
Operating Margin (%)
66.83
75.95
76.84
24.31
67.79
66.62
68.42
67.04
67.46
66.22
- -
Depreciation Expense
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
348
725
1,099
29
285
268
-197
-189
-185
-99
- -
Effective Tax Rate (%)
25.01
26.51
25.85
30.52
20.68
30.75
- -
- -
- -
- -
- -
Profit Margin (%)
94.97
201.76
282.23
99.16
77.02
61.85
-45.72
-38.72
-34.91
-22.81
- -
Working Capital
342
-3,085
-2,846
49
307
-1,665
812
733
-1,067
517
517
LT Debt
- -
- -
- -
1,888
2,012
- -
4,053
4,054
2,376
4,000
4,000
Total Equity
4,275
1,334
2,433
3,787
3,910
4,007
4,047
4,881
4,558
4,288
4,288
Return on Invested Capital (%)
- -
7.11
11.66
0.12
3.46
3.28
- -
- -
- -
- -
- -
Return on Capital (%)
- -
25.86
59.23
0.74
5.67
5.03
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
25.86
58.35
0.92
7.41
6.76
-5.15
-5.37
-5.7
-3.29
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
1,710
90
108
LT Borrowings
2,376
4,003
4,000
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,128
1,128
1,128
Market Capitalization
1,231
1,203
1,207

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,094
1,109
1,022
Cash, Cash Equivalents & STI
1,088
1,092
1,006
Accounts Receivable, Net
1
12
6
Inventories
- -
- -
- -
Total Current Liabilities
2,160
544
505
Payables & Accruals
- -
- -
- -
ST Debt
1,710
90
108
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
2.31%
-5.91%
Free Cash Flow
- -
2.86%
-26.57%
Net Income, GAAP
- -
-46.59%
-46.63%
Sales/Revenue/Turnover
- -
3.97%
-18.35%
Total Cash Common Dividend
- -
17.76%
3.29%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
489
2024
- -
- -
529
2025
- -
- -
432

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.17
2024
- -
- -
-0.16
2025
- -
- -
-0.09

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.16
2024
- -
- -
0.1
2025
- -
- -
0.1

Company Description

Company Profile APIChatGPT
CEO
Zhe Zhang
Sector
Finance
Industry
Real estate investment trusts
Address
22nd Floor, 308 Central Des Voeux Hong Kong Hong Kong
IPO Date
Dec 10, 2019
Website
cmcreit.com
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Business
China Merchants Commercial Real Estate Investment Trust (1503.HK) operates as a Hong Kong-listed real estate investment trust focused on owning and investing in income-producing commercial properties, primarily in mainland China, to deliver stable distributions to unitholders and long-term net asset value growth. Its property portfolio comprises seven high-quality assets located in the Shekou Industrial Zone of Shenzhen within the Greater Bay Area and the CBD of Beijing, including two Grade-A office towers, three Grade-B office complexes such as Cyberport Building and Technology Building, and a shopping mall; the combined gross rentable area stood at approximately 290,223 square meters as of late 2022, with all properties benefiting from strong public transportation access and parking facilities. Sponsored by China Merchants Shekou Industrial Zone Holdings Co., Ltd. (1979.SZ), a leading state-owned enterprise, and managed by China Merchants Land Asset Management Co., Limited—a Type 9 licensed asset manager and wholly-owned subsidiary of China Merchants Land Limited (978.HK)—the REIT was listed on the Main Board of the Hong Kong Stock Exchange in December 2019, marking the first such listing since 2014 and the first managed by a PRC state-owned corporation; its headquarters and registered manager's office are situated in Hong Kong at Room 2603-2606, 26/F, China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central. In recent developments, the REIT held an Extraordinary General Meeting on October 15, 2025, approving the acquisition of a 46.41% stake in Onward Science & Trade Center, an iconic property in Shenzhen, to expand its portfolio; it also reported unaudited operating statistics for the three months ended September 30, 2025, alongside a change in the manager's registered office address on October 31, 2025, and secured a five-year facility agreement with an independent third-party bank in January 2025 to support operations. The trust targets institutional and retail investors seeking exposure to premium commercial real estate in key Chinese growth hubs, with ongoing asset enhancement initiatives driving occupancy improvements, such as at Garden City Shopping Centre, amid a portfolio occupancy rate rising to 90.6% by year-end 2024.