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Prosperity Real Estate Investment
(0808)
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Rating:58Neutral
Price Target:
HK$1.50
▲(2.04% Upside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by weakening financial performance, with declining revenue and sustained net losses despite moderate leverage. Offsetting this, cash flow remains consistently positive and technicals show a constructive uptrend. Valuation is mixed: the high dividend yield supports the score, but the negative P/E reflects ongoing losses.
Positive Factors
Consistent cash generation
Consistent operating and free cash flow provides durable support for distributions, debt servicing and property upkeep even when reported earnings are negative. Reliable cash generation increases financial flexibility, enabling the REIT to fund capex, manage maturities and sustain payouts over multiple quarters.
Negative Factors
Declining revenue trend
A multi-year revenue decline erodes scale and indicates weakening leasing or rental rates in the office portfolio. Persistently lower top line pressures margins and reduces the pool of cash available for maintenance and distributions, making long-term payout and growth targets harder to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent cash generation
Consistent operating and free cash flow provides durable support for distributions, debt servicing and property upkeep even when reported earnings are negative. Reliable cash generation increases financial flexibility, enabling the REIT to fund capex, manage maturities and sustain payouts over multiple quarters.
Read all positive factors
Prosperity Real Estate Investment (0808) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.27B
Dividend Yield8.07%
Average Volume (3M)981.09K
Price to Earnings (P/E)―
Beta (1Y)0.54
Revenue Growth-7.14%
EPS Growth85.78%
CountryHK
Employees1
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)-0.01
Shares Outstanding1,602,071,200
10 Day Avg. Volume1,009,731
30 Day Avg. Volume981,093
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.36
Price to Sales (P/S)5.51
P/FCF Ratio8.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$1.63Price Target Upside10.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)HK$399.00M
Prosperity Real Estate Investment Business Overview & Revenue Model
Company Description
Prosperity Real Estate Investment Trust owns and invests in a portfolio of commercial properties, comprising office, commercial, industrial/office and industrial buildings located in Hong Kong with the objective of producing stable and sustainable...
Prosperity Real Estate Investment Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 402.82M | 408.50M | 425.37M | 437.31M | 434.01M | 444.98M |
| Gross Profit | 260.85M | 269.47M | 275.16M | 299.31M | 280.04M | 276.57M |
| EBITDA | 254.11M | 251.13M | 370.38M | 278.36M | 377.17M | 317.58M |
| Net Income | -18.50M | -251.57M | -74.64M | -5.67M | 74.89M | 57.02M |
Balance Sheet | ||||||
| Total Assets | 9.29B | 9.28B | 9.63B | 9.81B | 9.98B | 10.19B |
| Cash, Cash Equivalents and Short-Term Investments | 59.61M | 54.27M | 47.32M | 61.01M | 100.37M | 205.96M |
| Total Debt | 2.44B | 2.44B | 2.40B | 2.35B | 2.31B | 2.32B |
| Total Liabilities | 3.01B | 3.00B | 2.95B | 2.92B | 2.88B | 2.92B |
| Stockholders Equity | 6.28B | 6.29B | 6.68B | 6.89B | 7.10B | 7.26B |
Cash Flow | ||||||
| Free Cash Flow | 82.42M | 255.44M | 247.65M | 283.91M | 222.63M | 260.51M |
| Operating Cash Flow | 82.42M | 269.96M | 269.51M | 306.86M | 243.14M | 267.03M |
| Investing Cash Flow | -9.59M | -14.49M | -21.57M | -21.75M | -20.50M | -6.52M |
| Financing Cash Flow | -68.47M | -248.52M | -261.63M | -324.47M | -328.23M | -406.34M |
Prosperity Real Estate Investment Technical Analysis
Positive
1.47
Price Trends
1.42
Negative
1.40
Positive
1.37
Positive
Market Momentum
>-0.01
Positive
50.13
Neutral
11.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0808, the sentiment is Positive. The current price of 1.47 is above the 20-day moving average (MA) of 1.41, above the 50-day MA of 1.42, and above the 200-day MA of 1.37, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.13 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0808.
Prosperity Real Estate Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | HK$2.27B | -115.70 | -0.29% | 8.07% | -7.14% | 85.78% | |
56 Neutral | HK$3.79B | -13.53 | -2.22% | 8.27% | -5.15% | -145.75% | |
55 Neutral | HK$1.15B | -7.61 | -4.64% | 8.13% | -18.29% | -37.39% | |
50 Neutral | HK$1.66B | -6.10 | -0.65% | 1.39% | -6.41% | -146.27% | |
49 Neutral | HK$3.38B | -5.80 | -3.65% | 8.45% | -10.89% | 22.45% | |
41 Neutral | HK$1.04B | 7.94 | 1.19% | 2.59% | 0.14% | ― |
* Real Estate Sector Average
HK:0808
Prosperity Real Estate Investment
1.40
0.14
11.38%
HK:1881
Regal Real Estate Investment
0.34
-0.10
-22.73%
HK:0435
Sunlight Real Estate Investment
2.17
0.08
3.89%
HK:0410
SOHO China
0.32
-0.28
-46.67%
HK:0405
Yuexiu Real Estate Investment
0.62
-0.26
-29.47%
HK:1503
China Merchants Commercial Real Estate Investment Trust
1.01
-0.20
-16.18%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.