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Spring Real Estate Investment (1426) AI Stock Analysis

HK:1426

Spring Real Estate Investment

(HKEX:1426)

Select Model
Rating:49Neutral
Price Target:HKD 1.50â–²(59.57% Upside)
Action:reiterated
Date:10/01/26

Primary drag from weak profitability and cash flow trends in financials; positive technical momentum provides some support but overbought signals limit upside, while high dividend yield aids valuation.

Positive Factors
Consistent Positive Cash FlowConsistently positive operating and free cash flow indicates that the property portfolio continues to generate underlying cash despite reported earnings volatility. This supports ongoing operations and provides an internal funding base, although recent weakening means the strength should be monitored.
Negative Factors
Persistent Net LossesRepeated net losses, including a larger loss in 2025, show that positive operating performance is not currently converting into sustainable bottom-line earnings. Continued losses can weaken returns to shareholders and reduce the company’s ability to support growth or distributions from earnings.

Spring Real Estate Investment (1426) vs. iShares MSCI Hong Kong ETF (EWH)

-30%-20%-10%0%10%20%HK:1426-10.51%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 2.06B
Dividend Yield
5.51%
Average Volume (3M)
136.38K
Price to Earnings (P/E)
-3.1
Beta (1Y)
0.00
Revenue Growth
8.69%
EPS Growth
-216.81%
Country
Hong Kong
Employees
11
Sector
Real Estate
Sector Strength
65
Industry
REIT - Diversified

Spring Real Estate Investment Business Overview & Revenue Model

Company Description

Spring Real Estate Investment Trust (Spring REIT), identifiable by its stock code 1426, operates as a real estate investment trust dedicated to acquiring high-quality, income-generating properties. Since its listing on the Hong Kong Stock Exchange on...

Spring Real Estate Investment Financial Statement Overview

Summary

Mixed results with strong gross margins offset by significant net losses, declining equity, and falling cash flows.

Income Statement

35Negative

Balance Sheet

55Neutral

Cash Flow

45Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue872.52M691.33M747.48M732.45M577.85M600.63M
Gross Profit766.52M495.71M565.32M478.08M440.43M396.37M
EBITDA-214.34M149.72M348.61M281.17M515.94M406.21M
Net Income-650.26M-195.47M-49.61M-77.54M32.97M509.95M
Balance Sheet
Total Assets13.17B13.15B12.64B14.07B12.93B9.88B
Cash, Cash Equivalents and Short-Term Investments723.05M751.40M270.08M604.92M202.43M582.60M
Total Debt5.19B5.16B5.11B5.07B4.87B2.97B
Total Liabilities5.96B5.88B5.79B6.25B5.42B3.21B
Stockholders Equity6.06B6.16B5.89B6.75B7.42B8.19B
Cash Flow
Free Cash Flow215.83M239.96M402.45M483.82M389.90M347.44M
Operating Cash Flow215.83M239.96M402.45M483.82M389.90M347.44M
Investing Cash Flow-3.12M232.09M-9.68M-30.51M-758.05M-1.12M
Financing Cash Flow-317.48M-315.71M-348.55M-290.23M376.01M-338.83M

Spring Real Estate Investment Technical Analysis

Technical Analysis SentimentPositive
Last Price0.94

Price Trends

50DMA1.32Positive
100DMA1.25Positive
200DMA1.36Positive

Market Momentum

MACD0.01Positive
RSI50.88Neutral
STOCH63.47Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1426, the sentiment is Positive. The current price of 0.94 is below the 20-day moving average (MA) of 1.42, below the 50-day MA of 1.32, and below the 200-day MA of 1.36, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 50.88 is Neutral, neither overbought nor oversold. The STOCH value of 63.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1426.

Spring Real Estate Investment Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:1426 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
HK:0808HK:080859NeutralHKD 2.17B-111.57-0.29%8.37%-7.14%85.78%
HK:1503HK:150355NeutralHKD 1.14B-7.57-4.64%8.09%-17.95%-41.45%
HK:0435HK:043553NeutralHKD 3.71B-13.19-2.22%8.52%-5.15%-145.75%
HK:1426HK:142649NeutralHKD 2.06B-3.09-10.74%5.51%8.69%-216.81%
HK:87001HK:8700146NeutralCNY 2.09B-2.63-3.88%1.38%1.62%-1.59%
HK:0405HK:040539UnderperformHKD 3.16B-5.37-3.65%8.91%-10.89%22.45%

* Real Estate Sector Average

Performance Comparison

-20%0%HK:1426HK:0808HK:0435HK:0405HK:1503HK:87001Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1426 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1426Spring Real Estate Investment Trust1.38-0.17-11.08%
HK:0808Prosperity Real Estate Investment Trust1.350.075.06%
HK:0435Sunlight Real Estate Investment Trust2.10-0.07-3.09%
HK:0405Yuexiu Real Estate Investment Trust0.58-0.25-30.37%
HK:1503China Merchants Commercial Real Estate Investment Trust1.01-0.16-13.76%
HK:87001Hui Xian Real Estate Investment Trust0.32-0.17-35.22%
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.

Date of analysis: Oct 01, 2026