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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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$435M | HK$446M | HK$468M | HK$448M | HK$426M |
| Revenue growth | — | -5% | +5% | +5% | — |
| Gross profit | HK$323M | HK$337M | HK$346M | HK$359M | HK$347M |
| EBITDA | HK$335M | HK$308M | HK$362M | HK$326M | HK$318M |
| Net income | HK$128M | -HK$332M | -HK$295M | HK$219M | HK$440M |
| Free cash flow | HK$148M | HK$169M | HK$140M | HK$128M | HK$89.2M |
| Capital expenditure | -HK$250,000 | HK$127,000 | HK$1.58M | HK$4.60M | HK$2.35M |
| Total debt | n/a | HK$2.47B | HK$2.50B | HK$2.56B | HK$2.65B |
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.
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.
| Measure | 2191.HK | Peer median | Rank 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 margin | 76.6% | 59.8% | 4th highest of 21 |
| Forward P/E | 12.4× | 13.1× | 6th cheapest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SF Real Estate Investment Trust 2191.HK | Hong Kong | $333M | +22% | -7% | 77% | 12.4× | n/a | n/a |
| Immobiliere Dassault IMDA.PA | France | $335M | -21% | +14% | 97% | n/a | n/a | n/a |
| KKR Real Estate Finance Trust KREF | United States | $327M | -14% | -21% | 18% | n/a | n/a | n/a |
| Morguard Real Estate Investment Trust MRT-UN.TO | Canada | $340M | +8% | -1% | 44% | 13.0× | n/a | n/a |
| Yinhua Shaoxing Yuanshui Water Conservancy REIT 180701.SZ | China | $348M | -8% | +290% | 41% | n/a | n/a | n/a |
| Arima Real Estate SOCIMI ARM.MC | Spain | $356M | -6% | +210% | 68% | 13.2× | n/a | n/a |
| Bosera CMSK Industrial Park REIT Units 180101.SZ | China | $305M | -21% | -15% | 15% | n/a | n/a | n/a |
| Silicius Real Estate Socimi YSIL.MC | Spain | $303M | -5% | +84% | 72% | n/a | n/a | n/a |
| Gladstone Land LAND | United States | $303M | -28% | +22% | 24% | n/a | n/a | n/a |
| Selectirente SELER.PA | France | $367M | -7% | +2% | 68% | 23.8× | n/a | n/a |
| Carindale Property Trust CDP.AX | Australia | $302M | -2% | +5% | 67% | 14.0× | n/a | n/a |
| SamsungFN REIT 448730.KS | South Korea | $301M | -28% | +16% | 66% | n/a | n/a | n/a |
| Farmland Partners FPI | United States | $369M | -17% | -6% | 38% | 53.3× | n/a | n/a |
| Hamborner REIT HABA.DE | Germany | $370M | -19% | -4% | 6% | 248.4× | n/a | n/a |
| Centuria Office REIT COF.AX | Australia | $375M | -3% | -1% | 67% | 8.0× | n/a | n/a |
| First Real Estate Investment Trust AW9U.SI | Singapore | $291M | -27% | -5% | 80% | 10.3× | n/a | n/a |
| Fonciere INEA INEA.PA | France | $382M | -11% | -1% | 58% | 14.0× | n/a | n/a |
| SANKEI REAL ESTATE 2972.T | Japan | $383M | +4% | -15% | 56% | n/a | n/a | n/a |
| United Hampshire US Real Estate Investment Trust ODBU.SI | Singapore | $284M | -9% | +3% | 61% | 8.7× | n/a | n/a |
| Redwood Trust RWT | United States | $392M | -44% | -9% | 88% | 3.3× | n/a | n/a |
| Nsi NSI.AS | Netherlands | $394M | +1% | -4% | 58% | 9.3× | n/a | n/a |