Link Real Estate Investment Trust

0823.HK

0823.HKLink Real Estate Investment Trust HK flag

Hong Kong Stock Exchange

41.15

HKD

+0.65

(+1.60%)

-0.88EPS

-46.76P/E

106.98BMarket Cap

May 27Next Earn

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ISIN

HK0823032773

CUSIP

Y5281M111

Return %

Stock

S&P500

13.67

8.32

-36.37

43.81

-37.32

96.82

Use logarithmic scale

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Revenue per Share	2.57	2.78	3.02	3.26	3.75	4.03	4.43	4.59	4.97	5.05	5.39	5.61	- -
Basic EPS, GAAP	4.15	8.99	7.3	11.5	6.98	7.71	21.1	9.29	-7.94	0.56	3.2	7.09	- -
Free Cash Flow per Basic Share	1.62	1.78	1.96	2.04	2.43	2.63	2.85	2.69	2.78	3.31	3.1	3.48	- -
Dividend per Share	0.84	1	1.18	1.7	1.87	2.13	2.32	2.52	2.75	1.86	2.05	2.32	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	26.99	34.69	40.51	49.72	54.41	60.09	78.93	86.35	74.03	74.43	75.51	86.58	- -
Basic Weighted Avg Shares	2,312	2,344	2,370	2,368	2,333	2,297	2,263	2,188	2,157	2,127	2,153	2,179	- -
Sales/Revenue/Turnover	5,932	6,506	7,155	7,723	8,740	9,255	10,023	10,037	10,718	10,744	11,602	12,234	13,578
Operating Margin (%)	66.01	67.52	69.6	67.75	70.31	71.87	72.29	72.57	72.81	72.69	71.23	69.85	68.52
Depreciation Expense	25	27	20	23	22	27	20	22	75	91	84	94	94
Net Income, GAAP	9,602	21,062	17,305	27,230	16,295	17,711	47,761	20,329	-17,122	1,185	6,894	15,451	-1,983
Effective Tax Rate (%)	5.84	2.92	4.18	2.92	5.51	5.57	2.87	6.23	- -	59.22	15.11	6.17	- -
Profit Margin (%)	161.87	323.73	241.86	352.58	186.44	191.37	476.51	202.54	-159.75	11.03	59.42	126.3	-14.6
Working Capital	-290	-713	-2,435	-1,053	-363	-2,781	5,277	1,876	1,541	-3,438	-7,242	8,513	-3,563
LT Debt	12,595	11,829	9,699	15,130	25,965	27,197	23,196	20,850	33,661	35,388	44,010	60,780	51,312
Total Equity	62,735	81,642	96,351	118,106	127,441	138,497	179,068	189,326	160,117	158,693	162,990	189,060	178,442
Return on Invested Capital (%)	5.22	4.98	4.67	4.15	4	3.91	3.79	3.26	- -	1.62	3.42	3.44	- -
Return on Capital (%)	85.65	163.66	135.16	186.29	75.46	65.23	177.67	80.78	- -	5.33	17.31	29.72	- -
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	6.69%	6.29%	10.99%
Net Income, GAAP	34%	40.38%	-112.83%
Free Cash Flow	6.44%	7.66%	10.78%
Total Cash Common Dividend	8.38%	1.41%	6.95%
Total Equity	7.09%	-0.65%	-5.62%

Growth Rates

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in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: Mr. Kwok Lung Hongchoy CPA
Full Time Employees: 1,300
Sector: Real Estate
Industry: REIT - Retail
Address: Tower 1 Kwun Tong Hong Kong
IPO Date: Nov 25, 2005
Website: linkreit.com
Similar Companies: Saul Centers, Inc. (BFS-PD)
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Seritage Growth Properties (SRG)
Business: Link Real Estate Investment Trust (Hong Kong stock code: 823), managed by Link Asset Management Limited, is a leading retail-focused REIT in the world and Asia's largest REIT in terms of market capitalisation. Listed in 2005 as the first REIT in Hong Kong, Link has been 100% held by public and institutional investors and is a Hang Seng Index constituent stock. From its home in Hong Kong, Link manages a diversified portfolio including retail facilities, car parks and offices spanning Hong Kong, Beijing, Guangzhou, Shanghai, Shenzhen, London and Sydney. Link seeks to extend its portfolio growth trajectory and grasp expansion opportunities in different markets in pursuit of our medium-term target Vision 2025.


No results.

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Revenue per Share	2.57	2.78	3.02	3.26	3.75	4.03	4.43	4.59	4.97	5.05	5.39	5.61	- -
Basic EPS, GAAP	4.15	8.99	7.3	11.5	6.98	7.71	21.1	9.29	-7.94	0.56	3.2	7.09	- -
Free Cash Flow per Basic Share	1.62	1.78	1.96	2.04	2.43	2.63	2.85	2.69	2.78	3.31	3.1	3.48	- -
Dividend per Share	0.84	1	1.18	1.7	1.87	2.13	2.32	2.52	2.75	1.86	2.05	2.32	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	26.99	34.69	40.51	49.72	54.41	60.09	78.93	86.35	74.03	74.43	75.51	86.58	- -
Basic Weighted Avg Shares	2,312	2,344	2,370	2,368	2,333	2,297	2,263	2,188	2,157	2,127	2,153	2,179	- -
Sales/Revenue/Turnover	5,932	6,506	7,155	7,723	8,740	9,255	10,023	10,037	10,718	10,744	11,602	12,234	13,578
Operating Margin (%)	66.01	67.52	69.6	67.75	70.31	71.87	72.29	72.57	72.81	72.69	71.23	69.85	68.52
Depreciation Expense	25	27	20	23	22	27	20	22	75	91	84	94	94
Net Income, GAAP	9,602	21,062	17,305	27,230	16,295	17,711	47,761	20,329	-17,122	1,185	6,894	15,451	-1,983
Effective Tax Rate (%)	5.84	2.92	4.18	2.92	5.51	5.57	2.87	6.23	- -	59.22	15.11	6.17	- -
Profit Margin (%)	161.87	323.73	241.86	352.58	186.44	191.37	476.51	202.54	-159.75	11.03	59.42	126.3	-14.6
Working Capital	-290	-713	-2,435	-1,053	-363	-2,781	5,277	1,876	1,541	-3,438	-7,242	8,513	-3,563
LT Debt	12,595	11,829	9,699	15,130	25,965	27,197	23,196	20,850	33,661	35,388	44,010	60,780	51,312
Total Equity	62,735	81,642	96,351	118,106	127,441	138,497	179,068	189,326	160,117	158,693	162,990	189,060	178,442
Return on Invested Capital (%)	5.22	4.98	4.67	4.15	4	3.91	3.79	3.26	- -	1.62	3.42	3.44	- -
Return on Capital (%)	85.65	163.66	135.16	186.29	75.46	65.23	177.67	80.78	- -	5.33	17.31	29.72	- -
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Link Real Estate Investment Trust

Growth Rates

(avg. rate of change)

Company Description

Capital Structure

Working Capital

Growth Rates

(avg. rate of change)

Quarterly Revenue

Year

Quarterly Earnings Per Share

Year

Quarterly Dividends Per Share

Year

Year	Q1	Q2	Q3	Q4	FY
2022	- -	- -	- -	- -	11,602
2023	- -	- -	- -	- -	12,234
2024	- -	- -	- -	- -	13,578