Sunlight Real Estate Investment Trust Full Year 2024 Earnings: HK$0.068 loss per share (vs HK$0.19 profit in FY 2023)

Simply Wall St.03-17

Sunlight Real Estate Investment Trust (HKG:435) Full Year 2024 Results

Key Financial Results

Revenue: HK$824.2m (up 1.3% from FY 2023).
Net loss: HK$115.3m (down by 135% from HK$325.7m profit in FY 2023).
HK$0.068 loss per share (down from HK$0.19 profit in FY 2023).

SEHK:435 Revenue and Expenses Breakdown March 17th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sunlight Real Estate Investment Trust Earnings Insights

The primary driver behind last 12 months revenue was the Retail Properties segment contributing a total revenue of HK$445.2m (54% of total revenue). The most substantial expense, totaling HK$648.8m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 435's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the REITs industry in Asia.

Performance of the market in Hong Kong.

The company's shares are up 5.3% from a week ago.

Risk Analysis

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