- Link REIT‘s revenue for the first half of 2025 was HK$7.02 billion, a 1.8% decrease compared to the previous year.
- Net property income declined by 3.4% year-on-year to HK$5.18 billion.
- Revenue from Hong Kong Retail & Office Properties fell by 3.2% to HK$3.85 billion.
- Revenue from Hong Kong Car Parks & Related Businesses remained stable at HK$1.26 billion, matching the previous year’s figures.
- The total debt decreased by 1.1% to HK$55 billion.
- The net gearing ratio is currently at 22.5%.
- Dividend per share for this period is HK$1.2688, down from the previous year’s HK$1.3489.
- Link REIT is experiencing negative rental reversions in Hong Kong and the Chinese Mainland, attributed to challenges in the macro environment and retail sector.
- The company anticipates continued negative rental trends in the short term but remains committed to cost optimisation despite some structural charges.
- Expectations are set for a slight worsening of operating conditions in the second half of the year before possible stabilization.
- The market shows confidence with 19 buy ratings, 1 hold, and no sell ratings.
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Link REIT on Smartkarma
Analyst coverage of Link REIT on Smartkarma showcases a positive outlook on the company’s future prospects. The research report titled “Primer: Link REIT (823 HK) – Sep 2025″ by Ξ±SK highlights Link REIT as the largest real estate investment trust in Asia, with a diverse and resilient portfolio spanning across various regions including Hong Kong, Mainland China, Australia, Singapore, and the UK. The report emphasizes the strength of Link REIT‘s income stream, particularly from its stable non-discretionary retail properties in Hong Kong, indicating a strong performance even during economic downturns.
Furthermore, the report discusses Link REIT‘s strategic shift towards ‘Link 3.0’ for future growth, focusing on active portfolio management, diversification, and expanding investment management activities. Despite facing near-term challenges such as rising interest rates and pressures in the retail and office sectors, the analysts point out Link REIT‘s efforts to enhance earnings resilience and unlock growth opportunities beyond traditional rent collection. This demonstrates a proactive approach by management to navigate the current macroeconomic environment effectively.
A look at Link REIT Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Link REIT, a real estate investment trust in Hong Kong, is poised for a bright future based on the Smartkarma Smart Scores, which provide insights into its overall outlook. With strong scores in Value and Dividend at 4, Link REIT demonstrates solid fundamentals and a commitment to providing returns to investors. Furthermore, its Momentum score of 4 suggests positive market sentiment and potential for growth in the near future. Despite slightly lower scores in Growth and Resilience at 2, Link REIT‘s overall profile indicates a promising long-term outlook.
In summary, Link REIT is a leading real estate investment trust in Hong Kong that specializes in shopping centers, parking space facilities, and real estate retail space. With favorable Smartkarma Smart Scores in key areas like Value, Dividend, and Momentum, Link REIT appears well-positioned for sustained growth and profitability in the coming years, highlighting its attractiveness as an investment option in the real estate sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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