--- title: "LINK REIT's interim distribution per fund unit is 126.88 cents, a year-on-year decrease of 5.9%" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/266663802.md" description: "LINK REIT announced its interim results, with total distributions decreasing by 5.6% to HKD 3.283 billion, and distributions per fund unit down by 5.9% to HKD 1.2688. Revenue decreased by 1.8% to HKD 7.023 billion, and net property income fell by 3.4% to HKD 5.178 billion. The revenue from the Hong Kong property portfolio declined by 2.4%, and net property income decreased by 3.7%. Although the decline in merchant sales has narrowed and the supermarket and food categories have resumed growth, LINK REIT expects the operating environment to remain constrained. The outlook for Hong Kong's retail industry is optimistic, with net inflows of residents and growth in disposable income expected to stimulate demand" datetime: "2025-11-20T04:06:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/266663802.md) - [en](https://longbridge.com/en/news/266663802.md) - [zh-HK](https://longbridge.com/zh-HK/news/266663802.md) --- > 支持的语言: [English](https://longbridge.com/en/news/266663802.md) | [繁體中文](https://longbridge.com/zh-HK/news/266663802.md) # LINK REIT's interim distribution per fund unit is 126.88 cents, a year-on-year decrease of 5.9% LINK REIT (00823.HK) announced its interim results for the period ending September this year, with total distributable amount decreasing by 5.6% year-on-year to HKD 3.283 billion, and the distribution per fund unit declining by 5.9% year-on-year to HKD 1.2688. As of September 30 this year, the net debt ratio was 22.5%, compared to 21.5% at the end of March. During the period, revenue decreased by 1.8% year-on-year to HKD 7.023 billion, and net property income fell by 3.4% to HKD 5.178 billion, mainly due to negative rent adjustment rates for renewals in Hong Kong and the mainland, reflecting the pressure from the macro environment and the retail industry. The revenue from the Hong Kong property portfolio decreased by 2.4% year-on-year, while net property income declined by 3.7% year-on-year, primarily due to negative rent adjustment rates for renewals and higher operating costs. Nevertheless, the overall decline in merchant sales is narrowing, with supermarkets and food categories returning to positive growth for the first time since 2023. Entering the second half of the fiscal year, LINK REIT expects the operating environment may still be constrained. Although consumer sentiment is gradually recovering, the full reflection in rental income will still take some time. Given that the property portfolio is concentrated in essential retail, the recovery may be slower compared to operators that focus more on non-essential retail. However, market stabilization, improved consumer confidence, minimum wage increases, and reduced financing costs in Hong Kong due to U.S. interest rate cuts are all favorable for economic recovery. In the long run, LINK REIT remains confident in the prospects of Hong Kong's retail industry, expecting structural factors such as steady growth in net inflow of residents and local disposable income to stimulate demand and drive continuous economic recovery. For the Hong Kong retail property portfolio, LINK REIT has signed over 345 new leases during the period; the renewal rate is approximately 80%. As of September 30, the average monthly rent per square foot was HKD 62.1, slightly down from HKD 63.3 recorded at the end of March, with a negative rent adjustment rate for renewals of 6.4% ### 相关股票 - [LINK REIT (00823.HK)](https://longbridge.com/zh-CN/quote/00823.HK.md) ## 相关资讯与研究 - [Guotai Haitong Remains a Buy on Jinxin Fertility Group Ltd. (1951)](https://longbridge.com/zh-CN/news/281098586.md) - [COSCO Shipping Vessels Stuck in Persian Gulf Despite Iran's Assurances of Safe Passage for China Ships](https://longbridge.com/zh-CN/news/281013216.md) - [Shin Hwa World logs FY revenue HK$966.9 mln](https://longbridge.com/zh-CN/news/281055310.md) - [Jefferies Adjusts Mao Geping Cosmetics' Price Target to HK$100 From HK$117, Keeps at Buy](https://longbridge.com/zh-CN/news/280990131.md) - [Datang Renewable's 2025 Profit Falls 33%](https://longbridge.com/zh-CN/news/280955777.md)