---
title: "Link Real Estate Investment Trust (00823.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/00823.HK.md"
symbol: "00823.HK"
name: "Link Real Estate Investment Trust"
industry: "Equity Real Estate Investment Trusts (REITs)"
---

# Link Real Estate Investment Trust (00823.HK)

| Item | Detail |
|------|--------|
| Industry | Equity Real Estate Investment Trusts (REITs) |
| Location | HK Market |
| Website | [www.linkreit.com](https://www.linkreit.com) |

## Company Profile

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 own...

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-14T04:30:10.000Z

**Overall: C (0.59)**

**Industry**: Equity Real Estate Investment Trusts (REITs)

| Metric | Value |
|--------|-------|
| Industry Ranking | 1 / 11 |
| Industry Median | D |
| Industry Average | D |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 6.10% |  |
| Net Profit YoY | -196.25% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 0.00 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 95.22B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 14.15B |  |


**Multi Score**: C

#### Profit Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -4.11% | D |
| Profit Margin | -48.01% | E |
| Gross Margin | 75.60% | A |

#### Growth Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 6.10% | C |
| Net Profit YoY | -196.25% | E |
| Total Assets YoY | -6.31% | D |
| Net Assets YoY | -7.77% | D |

#### Cash Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -208.29% | D |
| OCF YoY | 6.10% | C |

#### Operating Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.06 | E |

#### Debt Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 30.03% | B |


```chart-data:radar
{
  "title": "Longbridge Financial Score - Link Real Estate Investment Trust",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "-4.11%",
          "rating": "D"
        },
        {
          "name": "Profit Margin",
          "value": "-48.01%",
          "rating": "E"
        },
        {
          "name": "Gross Margin",
          "value": "75.60%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "C",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "6.10%",
          "rating": "C"
        },
        {
          "name": "Net Profit YoY",
          "value": "-196.25%",
          "rating": "E"
        },
        {
          "name": "Total Assets YoY",
          "value": "-6.31%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "-7.77%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "C",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-208.29%",
          "rating": "D"
        },
        {
          "name": "OCF YoY",
          "value": "6.10%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "E",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.06",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "B",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "30.03%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | LINK REIT (HK.823) | D | C | E | B | C | C |
| 02 | CHAMPION REIT (HK.2778) | D | D | E | B | D | D |
| 03 | FORTUNE REIT (HK.778) | D | D | E | B | D | D |
| 04 | YUEXIU REIT (HK.405) | D | D | E | D | D | D |
| 05 | SUNLIGHT REIT (HK.435) | D | D | E | B | D | D |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| Dividend Yield | 0.00% | 9/11 | - | - | - |

## Institutional View

### Analyst Rating Distribution

> As of 2026-01-31T16:00:00.000Z

Total Analysts: **14**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 7 | 50% |
| Overweight | 2 | 14% |
| Hold | 5 | 36% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 36.64 |
| Highest Target | 51.00 |
| Lowest Target | 36.00 |

## References

- [Company Overview](https://longbridge.com/en/quote/00823.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/00823.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/00823.HK/topics.md) - Community topics and discussions

---

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