Fortune Real Estate Investment Trust
HKEX:778
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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P/S
Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.
Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.
Valuation Scenarios
If P/S returns to its 3-Year Average (5.3), the stock would be worth HK$4.39 (10% downside from current price).
| Scenario | P/S Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 5.9 | HK$4.86 |
0%
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| 3-Year Average | 5.3 | HK$4.39 |
-10%
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| 5-Year Average | 6 | HK$5.02 |
+3%
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| Industry Average | 1.5 | HK$1.24 |
-74%
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| Country Average | 1.1 | HK$0.91 |
-81%
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Forward P/S
Today’s price vs future revenue
| Today's Market Cap | Revenue | Forward P/S | ||
|---|---|---|---|---|
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HK$10.2B
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/ |
Jan 2026
HK$1.7B
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= |
|
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HK$10.2B
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/ |
Dec 2026
HK$1.7B
|
= |
|
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HK$10.2B
|
/ |
Dec 2027
HK$1.7B
|
= |
|
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HK$10.2B
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/ |
Dec 2028
HK$1.7B
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= |
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Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.
Peer Comparison
| Market Cap | P/S | P/E | ||||
|---|---|---|---|---|---|---|
| HK |
|
Fortune Real Estate Investment Trust
HKEX:778
|
9.9B HKD | 5.9 | -8.5 | |
| US |
|
Simon Property Group Inc
NYSE:SPG
|
66.3B USD | 10.4 | 14.3 | |
| US |
|
Realty Income Corp
NYSE:O
|
60B USD | 10.4 | 56.7 | |
| SG |
|
CapitaLand Integrated Commercial Trust
SGX:C38U
|
18B | 0 | 0 | |
| US |
|
Kimco Realty Corp
NYSE:KIM
|
15.9B USD | 7.4 | 28.9 | |
| US |
|
Regency Centers Corp
NASDAQ:REG
|
14.2B USD | 9.1 | 27.6 | |
| AU |
|
Scentre Group
ASX:SCG
|
19.4B AUD | 7.4 | 11.1 | |
| HK |
|
Link Real Estate Investment Trust
HKEX:823
|
101.4B HKD | 7.2 | -14.9 | |
| FR |
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Klepierre SA
PAR:LI
|
9.9B EUR | 6.3 | 7.6 | |
| US |
|
Federal Realty Investment Trust
NYSE:FRT
|
9.6B USD | 7.5 | 23.7 | |
| US |
|
Agree Realty Corp
NYSE:ADC
|
9.3B USD | 12.9 | 47.1 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.6 |
| Median | 1.1 |
| 70th Percentile | 2.8 |
| Max | 59 382.6 |
Other Multiples
Fortune Real Estate Investment Trust
Glance View
Fortune Real Estate Investment Trust is a holding company, which engages in the acquisition and management of real estate properties. The principal activity of Fortune REIT is investment holding. The Company, through its subsidiaries owns and invests in a portfolio of retail shopping malls located in Hong Kong. The company holds a portfolio of approximately 20 private housing estate retail properties in Hong Kong consisting of approximately three million square feet of retail space and 2,710 car parking spaces. Its retail properties include Fortune City One, Fortune Kingswood, Fortune Metropolis, Ma On Shan Plaza, Metro Town, Laguna Plaza, Waldorf Avenue, Caribbean Square, Jubilee Square, Belvedere Square, Smartland, Lido Avenue, Provident Square, Centre de Laguna and Hampton Loft. The company house tenants from various trade sectors, such as supermarkets, food and beverage outlets, banks, real estate agencies and education providers. The company is managed by ARA Asset Management (Fortune) Limited, which is a subsidiary of ARA Asset Management Limited.
