Loading…
← CockpitCompetitor Analysis › 2191.HK SF Real Estate Investment TrustOpen in the cockpit ↗

SF Real Estate Investment Trust2191.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Real Estate›Real Estate Investment Trusts
Momentum leader 95
Mkt cap
$333M
US dollars, full cap
Free float
63%
of shares outstanding
$/day
$1.25M
20-day average traded
Fwd P/E
12.4×
forward earnings
ROIC−WACC
n/a
WACC 5.2%
Hurdle
n/a
no reverse DCF
Next earnings
132 days
18 Mar 2027
Close · HKDHK$3.18
1D0.0%
1W+3.9%
1M+25.2%
3M+20.0%
6M+22.3%
YTD+13.6%
1Y+14.4%
ATR %2.0%
52w lowhigh0.3% off high

What SF Real Estate Investment Trust does

No business profile yet.

SF Real Estate Investment Trust at a glance

Size SF Real Estate Investment Trust (2191.HK) is a Hong Kong Real Estate company (Real Estate Investment Trusts) with a market value of $333M, the 862nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$3.18 on 6 Nov 2026.

Performance Over six months the shares gained 22.3%, against -9.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue fell 7.3% over the last twelve months (peer median -0.7%); the operating margin is 76.6% (peer median 59.8%).

Valuation It trades at 12.4× forward earnings against a peer median of 13.1× (6th cheapest of 13).

Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 20262191.HK 120Peer median 90
Six months, rebased to 100: SF Real Estate Investment Trust against the median of its 20 peers (local-currency closes).

SF Real Estate Investment Trust financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$435MHK$446MHK$468MHK$448MHK$426M
Revenue growth—-5%+5%+5%—
Gross profitHK$323MHK$337MHK$346MHK$359MHK$347M
EBITDAHK$335MHK$308MHK$362MHK$326MHK$318M
Net incomeHK$128M-HK$332M-HK$295MHK$219MHK$440M
Free cash flowHK$148MHK$169MHK$140MHK$128MHK$89.2M
Capital expenditure-HK$250,000HK$127,000HK$1.58MHK$4.60MHK$2.35M
Total debtn/aHK$2.47BHK$2.50BHK$2.56BHK$2.65B

Quarterly statements and history in the cockpit →

SF Real Estate Investment Trust competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%0%+20%IMDAKREFMRT-UN180701ARM180101YSILLANDSELERCDP448730FPIHABACOFAW9UINEA2972ODBURWTNSI2191.HK6-month return →1-month return →
Up and to the right = strong over both horizons. SF Real Estate Investment Trust is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%0×100×200×MRT-UNARMSELERCDPFPIHABARWT2191.HKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. SF Real Estate Investment Trust is the large dot.

SF Real Estate Investment Trust competitors and peer comparison

How SF Real Estate Investment Trust compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

SF Real Estate Investment Trust against its 20 peers (data as of 6 Nov 2026)
Measure2191.HKPeer medianRank in peer set
1-month return+25.2%-1.2%highest of 21
6-month return+22.3%-9.8%highest of 21
Distance from 52-week high-0.3%-23.2%highest of 21
Revenue growth (TTM)-7.3%-0.7%5th lowest of 21
Operating margin76.6%59.8%4th highest of 21
Forward P/E12.4×13.1×6th cheapest of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
SF Real Estate Investment Trust 2191.HKHong Kong$333M+22%-7%77%12.4×n/an/a
Immobiliere Dassault IMDA.PAFrance$335M-21%+14%97%n/an/an/a
KKR Real Estate Finance Trust KREFUnited States$327M-14%-21%18%n/an/an/a
Morguard Real Estate Investment Trust MRT-UN.TOCanada$340M+8%-1%44%13.0×n/an/a
Yinhua Shaoxing Yuanshui Water Conservancy REIT 180701.SZChina$348M-8%+290%41%n/an/an/a
Arima Real Estate SOCIMI ARM.MCSpain$356M-6%+210%68%13.2×n/an/a
Bosera CMSK Industrial Park REIT Units 180101.SZChina$305M-21%-15%15%n/an/an/a
Silicius Real Estate Socimi YSIL.MCSpain$303M-5%+84%72%n/an/an/a
Gladstone Land LANDUnited States$303M-28%+22%24%n/an/an/a
Selectirente SELER.PAFrance$367M-7%+2%68%23.8×n/an/a
Carindale Property Trust CDP.AXAustralia$302M-2%+5%67%14.0×n/an/a
SamsungFN REIT 448730.KSSouth Korea$301M-28%+16%66%n/an/an/a
Farmland Partners FPIUnited States$369M-17%-6%38%53.3×n/an/a
Hamborner REIT HABA.DEGermany$370M-19%-4%6%248.4×n/an/a
Centuria Office REIT COF.AXAustralia$375M-3%-1%67%8.0×n/an/a
First Real Estate Investment Trust AW9U.SISingapore$291M-27%-5%80%10.3×n/an/a
Fonciere INEA INEA.PAFrance$382M-11%-1%58%14.0×n/an/a
SANKEI REAL ESTATE 2972.TJapan$383M+4%-15%56%n/an/an/a
United Hampshire US Real Estate Investment Trust ODBU.SISingapore$284M-9%+3%61%8.7×n/an/a
Redwood Trust RWTUnited States$392M-44%-9%88%3.3×n/an/a
Nsi NSI.ASNetherlands$394M+1%-4%58%9.3×n/an/a

Questions

Which companies are SF Real Estate Investment Trust's closest peers?
The cockpit's peer set: Immobiliere Dassault (IMDA.PA), KKR Real Estate Finance Trust (KREF), Morguard Real Estate Investment Trust (MRT-UN.TO), Yinhua Shaoxing Yuanshui Water Conservancy REIT (180701.SZ), Arima Real Estate SOCIMI (ARM.MC), Bosera CMSK Industrial Park REIT Units (180101.SZ), Silicius Real Estate Socimi (YSIL.MC), Gladstone Land (LAND).
Is SF Real Estate Investment Trust expensive compared with its peers?
On forward p/e it trades at 12.4× against a peer median of 13.1×, 6th cheapest of 13 in its peer set.
How has SF Real Estate Investment Trust stock performed?
Over six months to 6 Nov 2026 the shares returned +22.3% against -9.8% for the median peer; over one year +14.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.