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Swire Properties Limited logo

Swire Properties Limited

1972.HK

HKSEReal EstateReal Estate - Development

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Latest quote

HK$25.26

−HK$0.14 · -0.55%

Aug 24, 3:04 PM HKT

1972.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Swire Properties Limited is a real estate firm primarily focused on creating, owning, and managing diverse properties, with a strong emphasis on commercial developments. Its operational reach extends across Hong Kong, Mainland China, the United States, and various international markets. The company structures its activities across three core segments: Property Investment, Property Trading, and Hotels. Its work includes the development, leasing, and administration of commercial, retail, and residential sites, as well as the construction and sale of residential units, and the management of hotel establishments. Furthermore, it delivers financial services and operates as a real estate agency. Founded in Hong Kong in 1972, Swire Properties operates as a subsidiary of Swire Pacific Limited.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
HK
CEO
Timothy Joseph Blackburn
Listed since
Jan 18, 2012
Employees
5,800

Market position

Volume
1.48M
0.46× average
Average volume
3.18M
Average daily volume
Market cap
145.43B HKD
Beta
0.82
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
160.57B HKD
P/E (TTM)
44.11×
P/B (TTM)
0.54×
P/S (TTM)
8.62×
EV / EBITDA
98.45×
Earnings yield
-1.27%
Free cash flow yield
6.02%
Dividend yield
4.55%

Profitability & efficiency

Gross margin
60.11%
Operating margin
49.00%
Net margin
19.56%
Return on equity
-0.57%
Return on assets
-0.43%
Return on invested capital
2.29%

Financial health

Debt / equity
0.2×
Current ratio
2.99×
Altman Z-score
1.27
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends111%67%23%-21%Gross margin, FY2021: 64.57%Gross margin, FY2022: 69.00%Gross margin, FY2023: 100.00%Gross margin, FY2024: 70.49%Gross margin, FY2025: 62.78%Operating margin, FY2021: 47.85%Operating margin, FY2022: 65.01%Operating margin, FY2023: 33.42%Operating margin, FY2024: 11.80%Operating margin, FY2025: 50.43%Net margin, FY2021: 43.44%Net margin, FY2022: 57.48%Net margin, FY2023: 17.01%Net margin, FY2024: -5.31%Net margin, FY2025: -9.56%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 64.57%. Gross margin FY2022 69.00%. Gross margin FY2023 100.00%. Gross margin FY2024 70.49%. Gross margin FY2025 62.78%. Operating margin FY2021 47.85%. Operating margin FY2022 65.01%. Operating margin FY2023 33.42%. Operating margin FY2024 11.80%. Operating margin FY2025 50.43%. Net margin FY2021 43.44%. Net margin FY2022 57.48%. Net margin FY2023 17.01%. Net margin FY2024 -5.31%. Net margin FY2025 -9.56%.

Income trends

Revenue

16.04B HKD+11.18%

Operating income

8.09B HKD+375.32%

Net income

−1.53B HKD-100.13%
Income trends across reported periods18.16B HKD11B HKD3.84B HKD−3.32B HKDRevenue, FY2021: 16.37B HKDRevenue, FY2022: 13.88B HKDRevenue, FY2023: 15.5B HKDRevenue, FY2024: 14.43B HKDRevenue, FY2025: 16.04B HKDOperating income, FY2021: 7.83B HKDOperating income, FY2022: 9.02B HKDOperating income, FY2023: 5.18B HKDOperating income, FY2024: 1.7B HKDOperating income, FY2025: 8.09B HKDNet income, FY2021: 7.11B HKDNet income, FY2022: 7.98B HKDNet income, FY2023: 2.64B HKDNet income, FY2024: −766M HKDNet income, FY2025: −1.53B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 16.37B HKD. Revenue FY2022 13.88B HKD. Revenue FY2023 15.5B HKD. Revenue FY2024 14.43B HKD. Revenue FY2025 16.04B HKD. Operating income FY2021 7.83B HKD. Operating income FY2022 9.02B HKD. Operating income FY2023 5.18B HKD. Operating income FY2024 1.7B HKD. Operating income FY2025 8.09B HKD. Net income FY2021 7.11B HKD. Net income FY2022 7.98B HKD. Net income FY2023 2.64B HKD. Net income FY2024 −766M HKD. Net income FY2025 −1.53B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue16.04B HKD14.43B HKD15.5B HKD13.88B HKD16.37B HKD
Cost of goods sold5.97B HKD4.26B HKD4.28B HKD4.3B HKD5.8B HKD
Gross profit10.07B HKD10.17B HKD15.5B HKD9.58B HKD10.57B HKD
Selling, general, and administrative2.27B HKD2.2B HKD2.06B HKD1.71B HKD1.89B HKD
Operating expenses1.98B HKD8.47B HKD10.32B HKD1.9B HKD2.09B HKD
Interest income264M HKD233M HKD218M HKD172M HKD230M HKD
Interest expense1.3B HKD1.04B HKD1.51B HKD196M HKD397M HKD
Depreciation and amortization587M HKD515M HKD515M HKD428M HKD420M HKD
Operating income8.09B HKD1.7B HKD5.18B HKD9.02B HKD7.83B HKD
Net income−1.53B HKD−766M HKD2.64B HKD7.98B HKD7.11B HKD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-0.27
FY2025
Latest fiscal-year revenue
16.04B HKD
FY2025 · +11.18% year over year
Next fiscal-year EPS consensus
1.42
FY2026 · 10 analysts
Next fiscal-year revenue consensus
18.73B HKD
FY2026 · 10 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend2.081.230.37-0.48FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend24.95B20.93B16.9B12.88BFY21FY22FY23FY24FY25FY26FY27FY28

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$1.11

2025 complete year+20.7% since 2021

2026 partial: HK$0.80

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Mar 31, 2026

HK$0.80

Semi-Annual

Record Apr 1, 2026 · Payment May 7, 2026

Dividend

Ex-dividend Sep 3, 2025

HK$0.35

Semi-Annual

Record Sep 4, 2025 · Payment Oct 9, 2025

Dividend

Ex-dividend Apr 1, 2025

HK$0.76

Semi-Annual

Record Apr 2, 2025 · Payment May 8, 2025

Dividend

Ex-dividend Sep 4, 2024

HK$0.34

Semi-Annual

Record Sep 5, 2024 · Payment Oct 9, 2024

Dividend

Ex-dividend Apr 2, 2024

HK$0.72

Semi-Annual

Record Apr 3, 2024 · Payment May 2, 2024

Dividend

Ex-dividend Sep 6, 2023

HK$0.33

Semi-Annual

Record Sep 7, 2023 · Payment Oct 12, 2023

1972.HK peers

Sun Hung Kai Properties Limited logo

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Sun Hung Kai Properties Limited

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China Resources Land Limited logo

1109.HK

China Resources Land Limited

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CK Asset Holdings Limited logo

1113.HK

CK Asset Holdings Limited

HK$47.36

+0.08%

China Overseas Land & Investment Ltd. logo

0688.HK

China Overseas Land & Investment Ltd.

HK$13.86

-1.70%

KE Holdings Inc. logo

2423.HK

KE Holdings Inc.

HK$47.38

+4.41%

Henderson Land Development Company Limited logo

0012.HK

Henderson Land Development Company Limited

HK$30.12

-0.26%

ETFs holding 1972.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
43.66M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
28.85M
Weight
0.01%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
First Trust Dow Jones Global Select Dividend Index Fund logoFirst Trust Dow Jones Global Select Dividend Index FundFGD
Market value
11.24M
Weight
0.69%
AUM
1.63B USD
Expense ratio
0.55%
Price / 1D
$35.68+0.59%
Vanguard Global ex-U.S. Real Estate ETF logoVanguard Global ex-U.S. Real Estate ETFVNQI
Market value
10.87M
Weight
0.28%
AUM
3.9B USD
Expense ratio
0.12%
Price / 1D
$45.71+0.04%
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF logoJPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETFBBAX
Market value
9.37M
Weight
0.14%
AUM
6.92B USD
Expense ratio
0.19%
Price / 1D
$65.27+1.18%
Schwab International Equity ETF logoSchwab International Equity ETFSCHF
Market value
7.17M
Weight
0.01%
AUM
69.7B USD
Expense ratio
0.03%
Price / 1D
$28.46+0.85%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
6.75M
Weight
0.01%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
JPMorgan International Value ETF logoJPMorgan International Value ETFJIVE
Market value
5.51M
Weight
0.14%
AUM
3.8B USD
Expense ratio
0.55%
Price / 1D
$98.09+0.89%

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