Hong Kong's Sun Hung Kai Properties annual profit rises, dividend up 4%
Hong Kong's Sun Hung Kai Properties annual profit rises, dividend up 4%
Overview
Hong Kong property developer's fiscal yr underlying profit and EPS rose yr/yr
Company raised full-year dividend by 4%
Gross rental income increased 2% yr/yr, supported by stable occupancy
Outlook
Sun Hung Kai Properties expects about HK$21.8 bln of contracted property sales to be recognized in the next financial year
The Group targets Hong Kong launches including SIERRA SEA Phase 2C and Tung Shing Lei Phase 1A by end-2026
Result Drivers
PROPERTY SALES - Profit from property sales was stable at HK$8,292 mln, with contracted sales of about HK$40,600 mln in attributable terms
RENTAL INCOME - Gross rental income, including joint ventures and associates, rose 2% yr/yr to HK$24,987 mln, with stable occupancy and new launches contributing
LAND COMPENSATION - Gains from government resumption of land lots contributed to results, with HK$1,100 mln in compensation recognized in FY 2025/26
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| HK$94.19 bln |
|
FY Net Income Attributable |
| HK$21.43 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy"
Wall Street's median 12-month price target for Sun Hung Kai Properties Limited is HK$146.30, about 23.7% above its September 9 closing price of HK$118.30
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)