Spring Real Estate Investment Trust (HKSE:01426) Moat Score: 0/10 (As of Aug. 11, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:01426 Spring Real Estate Investment Trust HKSE:01426
62 GF Score
Price HK$1.17
GF Value HK$1.68
Valuation Possible Value Trap
! 11 Warning Signs
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What is Spring Real Estate Investment Trust Moat Score?

Spring Real Estate Investment Trust has the Moat Score of 0, which implies that the company might have No Moat - No discernible moat.

Spring Real Estate Investment Trust has

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Spring Real Estate Investment Trust might have No Moat - No discernible moat.

Spring Real Estate Investment Trust  (HKSE:01426) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Spring Real Estate Investment Trust Moat Score Related Terms

HKSE:01426
62GF Score
Spring Real Estate Investment Trust HKSE:01426
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Is Spring Real Estate Investment Trust (HKSE:01426) Overvalued in 2026?

Based on GuruFocus' analysis, Spring Real Estate Investment Trust stock appears to be undervalued. The current stock price of HK$1.17 is trading 30.4% below its estimated GF Value™ of HK$1.68. GuruFocus considers Spring Real Estate Investment Trust to be Possible Value Trap.

Key valuation signals for HKSE:01426:

  • Moat Score: 0
  • GF Value™: HK$1.68 vs. price of HK$1.17 (30.4% below fair value)
  • GF Score™: 62/100 with 11 warning signs

No single metric tells the full story. See the HKSE:01426 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Spring Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address 31 Queen’s Road, Room 2602, 26th Floor, LHT Tower, Central, Hong Kong, HKG
Spring Real Estate Investment Trust is a real estate investment trust. The group holds investment properties in China and the United Kingdom and is principally engaged in property investment. The company generates revenue from three sources, namely, Rental income, Car park income, and other income. A majority of the company's revenue is produced by the Rental income segment.
62GF Score

Get the complete analysis for HKSE:01426

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$1.17
Price
HK$1.68
GF Value