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.
Metrics to compare | 1426 | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship Relationship1426PeersSector | |
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P/E Ratio | −18.4x | 7.9x | 8.9x | |
PEG Ratio | 0.06 | 0.03 | 0.01 | |
Price/Book | 0.4x | 0.6x | 0.9x | |
Price / LTM Sales | 3.4x | 5.3x | 4.0x | |
Upside (Analyst Target) | - | 8.8% | 11.0% | |
Fair Value Upside | Unlock | 4.6% | −1.3% | Unlock |