Champion Real Estate Investment Trust (2778) Fair Value & Analysis
Real Estate · HK · Market cap HK$12.7B
Fair value as of: Aug 13, 2026
From 10 valuation models · updated 3 days ago
Share price +3.2% over the past month.
A solid business, screening 24% undervalued on our models.
What matters now
- The model range is unusually wide (HK$1.54 to HK$4.06). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range HK$1.26 – HK$3.40 · fair‑value band HK$1.54 – HK$4.06 · the HK$2.25 price screens below the HK$2.80 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Champion Real Estate Investment Trust (2778) currently trades at HK$2.25, while our model-based Fair Value estimate is HK$2.80, implying the stock looks roughly 24.4% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Trailing-twelve-month revenue stands at HK$2.3B. Revenue declined 9.6% year over year. It earns a return on equity of -7.9%. Net debt stands at HK$13.8B. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$1.54 (bear case) to HK$4.06 (bull case); at HK$2.25, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -51% fair-value upside, at 24%, 2778 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 10 models by family
Widest divergence: Asset-Based (HK$4.31) versus DCF Models (HK$0.3700). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 48
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Champion Real Estate Investment Trust is a trust formed to own and invest in income-producing office and retail properties. The Trust's focus is on Grade-A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area.
Full company description
Champion Real Estate Investment Trust is a trust formed to own and invest in income-producing office and retail properties. The Trust's focus is on Grade-A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as joint venture stake in 66 Shoe Lane in Central London. Champion Real Estate Investment Trust was established on April 26, 2006 was incorporated in Hong Kong.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Champion Real Estate Investment Trust reported revenue of HK$2.3B in FY2025 versus HK$2.9B in FY2021, a compound −5.6%/yr. Reported net income was −HK$3.3B in FY2025.
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Peer Group
REIT - Retail · 98 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Retail median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simon Property Group SPG | $220.56 | $84.26 | -62% |
| Realty Income Corporation O | $62.59 | $30.45 | -51% |
| Unibail-Rodamco-Westfield SE URW | €103.40 | €98.09 | -5% |
| Kimco Realty Corporation KIM | $24.18 | $12.49 | -48% |
| CapitaLand Integrated Commercial Trust (CICT or the Trust) C38U | 2.49 SGD | 0.9100 SGD | -63% |
| Scentre Group SCG | A$3.79 | A$3.34 | -12% |
| Regency Centers Corporation REG | $75.74 | $33.37 | -56% |
| Link Real Estate Investment Trust (Link REIT) 0823 | HK$38.44 | HK$41.98 | +9% |
| Federal Realty Investment Trust FRT | $117.21 | $41.47 | -65% |
| Brixmor Property Group BRX | $29.73 | $12.34 | -58% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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