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LINK REIT
00823.HK
Link Real Estate Investment Trust (Link REIT) is the largest REIT in Asia by many measures including asset value. Managed by Link Asset Management Limited (Link), a leading, independent and fully-integrated real estate investor and manager focusing on the APAC region, Link REIT has been entirely owned by independent investors since its listing in November 2005 as the first REIT in Hong Kong. After initially acquiring a portfolio of shopping centres and car parks in Hong Kong valued at around HK$33 billion at the time of its IPO, Link has grown and diversified the Link REIT’s property portfolio. Today, the portfolio includes retail facilities, car parks, offices, and logistics assets which span Hong Kong, Mainland China, Australia, Singapore, and the UK, with a total valuation of around HK$226 billion (As at 31 March 2025).
137.43 B
00823.HKMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
C
Equity Real Estate Investment Trusts (REITs)Industry
Industry Ranking1/11
Industry medianD
Industry averageD
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreD
    • ROE-4.11%D
    • Profit Margin-48.01%E
    • Gross Margin75.60%A
  • Growth ScoreC
    • Revenue YoY6.10%C
    • Net Profit YoY-196.25%E
    • Total Assets YoY-6.31%D
    • Net Assets YoY-7.77%D
  • Cash ScoreC
    • Cash Flow Margin-208.29%D
    • OCF YoY6.10%C
  • Operating ScoreE
    • Turnover0.06E
  • Debt ScoreB
    • Gearing Ratio30.03%B

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Institutional View & Shareholder

Analyst Ratings

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    News
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    Link REIT Declares Interim Distribution of HK126.88 Cents Per Unit

    Link Real Estate Investment Trust has announced an interim distribution of HK126.88 cents per unit for the six months ending 30 September 2025. Unitholders on record by 4 December 2025 can opt for cash, new units, or a combination. Payment is set for 31 December 2025. This announcement was originally published by Link REIT via the Hong Kong Stock Exchange's Issuer Information Service.

    Reuters·
    HK
    00823
    -0.79%
    Reuters·
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    JP Morgan expects Hong Kong's retail growth in November to drop to low single digits and maintains a "neutral" stance on LINK REIT

    JP Morgan expects Hong Kong's retail sales growth in November to slow to low to mid-single digits, as the growth of electronic products may fade, but the accelerated growth of visitors to Hong Kong and the low base effect will offset this. It holds a constructive view on WHARF REIC, as non-essential retail appears to have bottomed; it maintains a neutral stance on LINK REIT, as tenant sales are below expectations, affected by cross-border e-commerce

    AASTOCKS·
    HK
    01997
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    01997
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    HK
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    Why this is not just another retail downturn for Hong Kong

    Hong Kong's retail sector faces a significant downturn, marked by declining revenues and rents for major landlords like Link Reit. This shift is driven by changing consumer habits, regional competition, and global economic pressures. Despite high occupancy rates, Link Reit has lowered rents, reflecting a market losing steam. The downturn is part of a broader economic contraction, with falling property values and pay freezes, reminiscent of past economic adjustments.

    南华早报·
    HK
    00823
    -0.79%
    南华早报·
    HK
    00823
    -0.79%

    The then manager of the Investment Products Department of the China Securities Regulatory Commission is involved in leaking sensitive stock price information of LINK REIT, with the next hearing postponed to May 26 next year

    Former Investment Products Department Manager of the Securities and Futures Commission, Liang Puxuan, has been charged with leaking sensitive stock price information related to LINK REIT and engaging in derivative trading with two co-defendants, resulting in profits exceeding HKD 5.4 million. The three individuals face 12 charges, including misconduct in public office, accepting benefits, and money laundering. The case has been adjourned until May 26 next year, during which they have been granted bail of HKD 200,000

    AASTOCKS·
    HK
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    LINK REIT's 20th Anniversary Listing: Edward Chen: The new year will optimize and clarify business strategies

    LINK REIT celebrates its 20th anniversary of listing. Chairman Edward Au stated that the company will optimize and clarify its business strategy, focusing on expanding its real estate investment capabilities and continuously creating long-term value for fund unit holders. CEO Wong Kwok Lung emphasized that commercial benefits and social benefits complement each other. LINK REIT has completed over 100 asset enhancement projects in Hong Kong and mainland China, with an average investment return rate of 18%

    AASTOCKS·
    HK
    00823
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    AASTOCKS·
    HK
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