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OTCMSGRRF
Market cap351mUSD
Mar 22, Last price  
1.23USD
Name

Spring Real Estate Investment Trust

Chart & Performance

D1W1MN
OTCM:SGRRF chart
P/E
—
P/S
17.87
EPS
—
Div Yield, %
16.56%
Shrs. gr., 5y
2.91%
Rev. gr., 5y
5.61%
Revenues
732m
+26.75%
330,210,474402,090,863505,291,305622,671,186583,767,799556,009,667557,562,962546,592,000533,171,000528,446,000577,851,000732,448,000
Net income
-78m
L
1,213,270,544423,138,077455,213,759262,055,297633,927,277360,122,54032,014,866223,062,000-189,924,000509,950,000118,432,000-77,544,000
CFO
484m
+24.09%
306,223,196423,446,702476,654,362316,808,909270,599,243273,761,644254,602,654376,152,000345,604,000347,445,000389,896,000483,818,000

Profile

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 offers direct exposure to two Premium Grade office buildings strategically located in the Central Business District of Beijing and 84 separate commercial properties in the United Kingdom. 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 around the world.
URL
http://www.springreit.com/
IPO date
Dec 05, 2013
Employees
Domiciled in
HK
Incorporated in
HK

Valuation

Title
CNY in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
732,448
26.75%
577,851
9.35%
528,446
-0.89%
Cost of revenue
278,191
212,074
197,339
Unusual Expense (Income)
NOPBT
454,257
365,777
331,107
NOPBT Margin
62.02%
63.30%
62.66%
Operating Taxes
44,998
103,508
6,456
Tax Rate
9.91%
28.30%
1.95%
NOPAT
409,259
262,269
324,651
Net income
(77,544)
-165.48%
118,432
-76.78%
509,950
-368.50%
Dividends
(297,204)
(336,880)
(312,733)
Dividend yield
8.91%
9.46%
8.25%
Proceeds from repurchase of equity
(150,478)
3,594,300
(67,541)
BB yield
4.51%
-100.97%
1.78%
Debt
Debt current
64,000
523,279
Long-term debt
5,076,816
4,814,548
2,982,848
Deferred revenue
288,483
53,902
Other long-term liabilities
6,452,358
(83,917)
96,737
Net debt
4,853,923
4,496,482
3,309,206
Cash flow
Cash from operating activities
483,818
389,896
347,445
CAPEX
Cash from investing activities
(27,608)
(758,049)
(1,123)
Cash from financing activities
(290,234)
376,006
(338,830)
FCF
473,572
855,428
(483,889)
Balance
Cash
222,893
202,434
156,047
Long term investments
179,632
40,874
Excess cash
186,271
353,173
170,499
Stockholders' equity
7,715,710
8,370,031
8,185,042
Invested Capital
13,594,297
12,187,468
10,142,098
ROIC
3.17%
2.35%
3.28%
ROCE
3.64%
2.89%
3.21%
EV
Common stock shares outstanding
1,463,750
1,483,260
1,470,002
Price
2.28
-5.00%
2.40
-6.98%
2.58
-3.73%
Market cap
3,337,350
-6.25%
3,559,825
-6.14%
3,792,604
-2.69%
EV
9,162,423
9,003,472
7,101,810
EBITDA
454,257
365,777
331,107
EV/EBITDA
20.17
24.61
21.45
Interest
289,727
166,700
85,805
Interest/NOPBT
63.78%
45.57%
25.91%