Listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) since 21 December 2006, Sunlight Real Estate Investment Trust (“Sunlight REIT”) (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission (the “SFC”) and constituted by the trust deed dated 26 May 2006 (as amended and restated) (the “Trust Deed”). It offers investors the opportunity to invest in a diversified portfolio of 11 office and six retail properties in Hong Kong with a total gross rentable area (“GRA”) of approximately 1.3 million sq. ft. and an aggregate appraised value of HK$17,630.5 million at 30 June 2025. The office properties are located in both core and decentralized business areas, while the retail properties are situated in regional transportation hubs, new towns and urban areas with high population density. Sunlight REIT is managed by Henderson Sunlight Asset Management Limited (the “Manager”) which is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited (“HLD”). The Manager’s main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.
Metrics to compare | 0435 | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship Relationship0435PeersSector | |
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P/E Ratio | −10.6x | −7.2x | 9.1x | |
PEG Ratio | 0.05 | 0.03 | 0.01 | |
Price/Book | 0.3x | 0.6x | 0.9x | |
Price / LTM Sales | 4.8x | 5.3x | 4.1x | |
Upside (Analyst Target) | 24.7% | 8.4% | 13.1% | |
Fair Value Upside | Unlock | 2.4% | −0.9% | Unlock |