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.
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:00435'
s Net Margin % Range Over the Past 10 Years
Min: -87.93 Med: 16 Max: 187.03
Current: -35.4
HKSE:00435's Net Margin % is ranked worse than 90.97% of 930
companies
in the REITs industry
Industry Median: 45.23
vs HKSE:00435: -35.40
Sunlight Real Estate Investment Trust (HKSE:00435) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Sunlight Real Estate Investment Trust Net Margin % Related Terms
Sunlight Real Estate Investment Trust Net Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sunlight Real Estate Investment Trust Net Margin % Chart
HKSE:00435 vs VICI, WPC, BNL: Net Margin % Comparison
For the REIT - Diversified subindustry, Sunlight Real Estate Investment Trust's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sunlight Real Estate Investment Trust Net Margin % vs REITs Industry
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sunlight Real Estate Investment Trust (HKSE:00435) has a Net Margin % of -26.68% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Sunlight Real Estate Investment Trust and its competitors. According to the industry distribution chart, Sunlight Real Estate Investment Trust ranks #846 out of 930 companies in the REITs industry, placing it in the top 91%.
Is Sunlight Real Estate Investment Trust's Net Margin % too high?
Sunlight Real Estate Investment Trust's current Net Margin % is -26.68%. Based on the distribution chart, Sunlight Real Estate Investment Trust ranks #846 out of 930 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Sunlight Real Estate Investment Trust has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sunlight Real Estate Investment Trust's Net Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Sunlight Real Estate Investment Trust ranks #846 out of 930 companies for Net Margin %. This places Sunlight Real Estate Investment Trust in the lower half of its industry. The industry median Net Margin % is 45.23. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 930 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Sunlight Real Estate Investment Trust and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunlight Real Estate Investment Trust's current Net Margin % is -26.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunlight Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Sunlight Real Estate Investment Trust (HKSE:00435) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$1.97, compared to a current price of HK$2.24 — trading 13.7% above its estimated fair value. The current Net Margin % is -26.68%. Sunlight Real Estate Investment Trust's overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Sunlight Real Estate Investment Trust (HKSE:00435), the current Net Margin % is -26.68% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sunlight Real Estate Investment Trust (HKSE:00435) Overvalued in 2026?
Based on GuruFocus' analysis, Sunlight Real Estate Investment Trust stock appears to be overvalued.
The current stock price of HK$2.24 is trading 13.7% above its estimated GF Value™ of HK$1.97.
GuruFocus considers Sunlight Real Estate Investment Trust to be Modestly Overvalued.
Key valuation signals for HKSE:00435:
Net Margin %: -26.68%
GF Value™: HK$1.97 vs. price of HK$2.24 (13.7% above fair value)
No single metric tells the full story. See the HKSE:00435 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sunlight Real Estate Investment Trust Business Description
Sunlight Real Estate Investment Trust invests in a portfolio of office and retail properties in Hong Kong. The office properties are located in core business areas, including the Central, Wan Chai, and Sheung Wan districts. Properties are also located in decentralized business areas of the city, including North Point, Mong Kok, and Yau Ma Tei. Office properties include Sunlight Tower, Strand 50, Righteous Centre, and Winsome House Property. The retail properties are located in regional transportation hubs, towns, and urban areas, including Sheung Shui Centre Shopping Arcade, Metro City, and Kwong Wash Plaza. The company has two operating segments, which are Office Properties and Retail Properties. The company generates the majority of its revenue from the Retail Properties.
65GF Score
Get the complete analysis for HKSE:00435
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:00435 has been successfully added to your 
