---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000809448.md"
description: "$LINK REIT(00823.HK)🏢 Link REIT: Putting Capital Discipline To Work 💡Is Asia’s largest REIT shifting from aggressive expansion to pure value creation? Their recent moves show a clear “Back-to-Basics” focus: strengthening its balance sheet and delivering more value to unitholders.📌 1. Capital Recycling: Cutting Overseas RiskSold a 50% stake in Sydney’s 100 Market Street for AUD 226 million✅ Why? Trims non-core assets in slower global markets to unlock cash — without giving up operational control🔄 2. Smart Buybacks: Directly Boosts ValueLaunched a 10% unit buyback plan with repurchased units cancelled. (approved by shareholders)✅ The Math: Trading at a ~34% discount to NAV — buying its own units is more accretive to DPU and NAV than buying pricey new properties📊 3. Backed By Experts & Better Conditions✅ Top brokers like BofA and Citi name Link as a top defensive pick✅ Stabilizing Hong Kong residential market = higher retail footfall ahead💡 Why are they doing it?Linked REITs is not standing still. It is moving capital out of secondary assets straight into its own undervalued units.Retail rental pressures remain but this mix of capital recycling, buybacks and a ~6.4% forward yield creates solid support for long-term investors. 📈✨Not financial advice. Please do your own DD."
datetime: "2026-07-22T02:21:32.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000809448.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000809448.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000809448.md)
author: "[Fattycat](https://longbridge.com/en/profiles/19854884.md)"
generator: "portal-rs"
---

# $LINK REIT(00823.HK)🏢 Link REIT: Putting Capital D…


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## Comments (5)

- **Fattycat · 2026-07-29T01:57:47.000Z · 👍 1**: Sold and collect money 🤣. 8% return. No greed.
- **Fattycat · 2026-07-23T08:06:22.000Z**: As at 23 July 2026“Morningstar Views LINK REIT's Disposal of Australian Asset Stake Within Expectations, Maintains Fair Value at HKD45”“JPM: LINK REIT's Sydney Property Disposal In Line; Overweight Rating Maintained “
- **Fattycat · 2026-07-22T04:25:43.000Z**: Queuing to buy today. Pray for it to drop more so that I can buy some to invest😂.
- **KopiO · 2026-07-22T04:10:40.000Z · 👍 1**: buyback at a 34 pct discount is properly accretive, rarely see managers actually cancel units. the discount only really closes when rates cooperate though.
  - **Fattycat** (2026-07-22T04:24:19.000Z): It will improve their DPU per unit. A measurement for their management KPI hence their CEO bonus. All about figures ☺️.


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