--- title: "A Look At Link REIT (SEHK:823) Valuation After Singapore Asset Sale And Buyback Plans" type: "News" locale: "en" url: "https://longbridge.com/en/news/282434929.md" description: "Link Real Estate Investment Trust (SEHK:823) is selling its 56% stake in Singapore's Swing By@Thomson Plaza for SGD250 million, reflecting a premium over its book value. The REIT has seen a 5.18% share price return over the past week and 11.44% over the last 90 days. Currently trading at HK$38.58, it is estimated to be 24% undervalued compared to a fair value of HK$43.73. Link REIT plans to diversify its portfolio across APAC, aiming for improved earnings resilience despite potential risks from higher interest rates and softer retail conditions." datetime: "2026-04-12T05:57:26.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282434929.md) - [en](https://longbridge.com/en/news/282434929.md) - [zh-HK](https://longbridge.com/zh-HK/news/282434929.md) --- # A Look At Link REIT (SEHK:823) Valuation After Singapore Asset Sale And Buyback Plans Link Real Estate Investment Trust (SEHK:823) has agreed to sell its 56% stake in Singapore retail property Swing By@Thomson Plaza for SGD250 million, at a premium to both its book value and its acquisition price. See our latest analysis for Link Real Estate Investment Trust. The Swing By@Thomson Plaza sale comes after a period of stronger price momentum, with a 7 day share price return of 5.18% and a 90 day share price return of 11.44%. The 1 year total shareholder return of 24.00% contrasts with weaker 3 and 5 year total shareholder returns. If this kind of turnaround story interests you, it can be worth widening your search to other income focused names and checking out the 480 dividend fortresses With Link REIT trading at HK$38.58 and sitting at an estimated 24% discount to an intrinsic value estimate and roughly 9% below analyst targets, you have to ask: is this a genuine mispricing, or is the market already baking in a recovery? ## Most Popular Narrative: 11.8% Undervalued On this view, Link REIT’s fair value of HK$43.73 sits above the HK$38.58 last close. This puts the recent price strength into sharper context. > _Link Real Estate Investment Trust plans to diversify its portfolio across APAC markets, considering accretive investment opportunities in Australia, Japan, and Singapore. This strategy is expected to improve the quality of earnings by increasing resilience against market cyclicality, potentially enhancing revenue and delivering above-average earnings growth._ Read the complete narrative. Want to see what sits behind that valuation gap? The narrative focuses on a shift from losses to meaningful profits, firmer margins, and a richer mix of recurring income. **Result: Fair Value of HK$43.73 (UNDERVALUED)** Have a read of the narrative in full and understand what's behind the forecasts. However, you also need to weigh up higher interest rates pressuring funding costs, as well as softer retail conditions in Hong Kong and Mainland China potentially limiting rental growth. Find out about the key risks to this Link Real Estate Investment Trust narrative. ## Next Steps With sentiment looking mixed, this is a moment to check the numbers yourself and decide how comfortable you are with the balance of risks and upside. To see that balance clearly, review the 2 key rewards and 1 important warning sign ## Looking for more investment ideas? 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We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._ ### **New:** AI Stock Screener & Alerts Our new AI Stock Screener scans the market every day to uncover opportunities. • Dividend Powerhouses (3%+ Yield) • Undervalued Small Caps with Insider Buying • High growth Tech and AI Companies Or build your own from over 50 metrics. 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