SF Real Estate Investment Trust
HKEX:2191
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (13.7), the stock would be worth HK$2.72 (5% upside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 13.1 | HK$2.6 |
0%
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| 3-Year Average | 13.7 | HK$2.72 |
+5%
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| 5-Year Average | 13.7 | HK$2.73 |
+5%
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| Industry Average | 13.8 | HK$2.75 |
+6%
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| Country Average | 9.6 | HK$1.9 |
-27%
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Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
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HK$4.4B
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/ |
Jan 2026
HK$339.1m
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= |
|
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HK$4.4B
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/ |
Dec 2026
HK$339.7m
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= |
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Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| HK |
S
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SF Real Estate Investment Trust
HKEX:2191
|
2.1B HKD | 13.1 | -6.4 | |
| US |
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Prologis Inc
NYSE:PLD
|
131.5B USD | 27.6 | 35.9 | |
| AU |
|
Goodman Group
ASX:GMG
|
56.6B AUD | 77.6 | 32.4 | |
| UK |
|
SEGRO PLC
LSE:SGRO
|
9.7B GBP | 27.2 | 17.5 | |
| SG |
|
ESR-REIT
OTC:CGIUF
|
12.8B USD | 61.3 | 2 892.7 | |
| SG |
|
Ascendas Real Estate Investment Trust
SGX:A17U
|
11.9B | 0 | 0 | |
| US |
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Eastgroup Properties Inc
NYSE:EGP
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10.7B USD | 24.2 | 41.8 | |
| US |
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Rexford Industrial Realty Inc
NYSE:REXR
|
8.4B USD | 16.4 | 42 | |
| US |
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First Industrial Realty Trust Inc
NYSE:FR
|
8.4B USD | 22.4 | 33.8 | |
| US |
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Lineage Inc
NASDAQ:LINE
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8.2B USD | 13.4 | -83.3 | |
| MX |
P
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Prologis Property Mexico SA de CV
BMV:FIBRAPL14
|
139B MXN | 17.2 | 12.5 |
Market Distribution
| Min | 0 |
| 30th Percentile | 4.8 |
| Median | 9.6 |
| 70th Percentile | 14.9 |
| Max | 9 749.3 |
Other Multiples
SF Real Estate Investment Trust
Glance View
SF Real Estate Investment Trust invests in income-generating real estate that focuses on logistics properties. The key investment objectives of the Fund are to provide unitholders with stable distributions, sustainable and long-term distribution growth, and enhancement in the value of SF REIT’s properties. The Fund invests in distribution centers equipped with automatic sorting and supply chain support facilities, and other modern logistics properties in Hong Kong, Foshan and Wuhu. The Fund is managed by SF REIT Asset Management Limited.
