---
title: "Spring Real Estate Investment Trust (01426.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/01426.HK.md"
symbol: "01426.HK"
name: "Spring Real Estate Investment Trust"
industry: "Equity Real Estate Investment Trusts (REITs)"
---

# Spring Real Estate Investment Trust (01426.HK)

| Item | Detail |
|------|--------|
| Industry | Equity Real Estate Investment Trusts (REITs) |
| Location | HK Market |
| Website | [www.springreit.com](https://www.springreit.com) |

## Company Profile

Spring Real Estate Investment Trust (Spring REIT, stock code: 1426) is a real estate investment trust that invests in high-quality income-producing real estate. Listed on 5 December 2013 on the Hong Kong Stock Exchange, Spring REIT’s property portfolio comprises (i) two Premium Grade office building...

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-16T04:30:11.000Z

**Overall: D (0.70)**

**Industry**: Equity Real Estate Investment Trusts (REITs)

| Metric | Value |
|--------|-------|
| Industry Ranking | 7 / 11 |
| Industry Median | D |
| Industry Average | D |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -9.03% |  |
| Net Profit YoY | -316.46% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 0.00 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 2.44B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 719.40M |  |


**Multi Score**: D

#### Profit Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -2.11% | D |
| Profit Margin | -18.78% | D |
| Gross Margin | 74.93% | A |

#### Growth Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -9.03% | D |
| Net Profit YoY | -316.46% | E |
| Total Assets YoY | -4.10% | D |
| Net Assets YoY | -2.79% | D |

#### Cash Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -532.56% | E |
| OCF YoY | -9.03% | D |

#### Operating Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.05 | E |

#### Debt Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 44.09% | C |


```chart-data:radar
{
  "title": "Longbridge Financial Score - Spring Real Estate Investment Trust",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "-2.11%",
          "rating": "D"
        },
        {
          "name": "Profit Margin",
          "value": "-18.78%",
          "rating": "D"
        },
        {
          "name": "Gross Margin",
          "value": "74.93%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "D",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-9.03%",
          "rating": "D"
        },
        {
          "name": "Net Profit YoY",
          "value": "-316.46%",
          "rating": "E"
        },
        {
          "name": "Total Assets YoY",
          "value": "-4.10%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "-2.79%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "D",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-532.56%",
          "rating": "E"
        },
        {
          "name": "OCF YoY",
          "value": "-9.03%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "E",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.05",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "C",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "44.09%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | LINK REIT (HK.823) | D | C | E | B | C | C |
| 02 | CHAMPION REIT (HK.2778) | D | D | E | B | D | D |
| 03 | FORTUNE REIT (HK.778) | D | D | E | B | D | D |
| 04 | YUEXIU REIT (HK.405) | D | D | E | D | D | D |
| 05 | SUNLIGHT REIT (HK.435) | D | D | E | B | D | D |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| Dividend Yield | 0.00% | 1/11 | - | - | - |

## References

- [Company Overview](https://longbridge.com/en/quote/01426.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/01426.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/01426.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.