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Link Real Estate Investment Trust

Link Real Estate Investment Trust

4.22
EUR
-0.12
(-2.87%)
Nov 11Next Earn
Link Real Estate Investment Trust
GETTEX:L5R
(Gettex)

Recent

price

4.22

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
HKD
2.35
2.57
2.78
3.02
3.26
3.75
4.03
4.43
4.59
4.97
5.05
5.39
5.61
5.3
5.54
5.38
- -
Revenue per Share
6.7
4.15
8.99
7.3
11.5
6.98
7.71
21.1
9.29
-7.94
0.56
3.2
7.09
-0.77
-3.45
-2.86
- -
Basic EPS, GAAP
1.47
1.62
1.78
1.96
2.04
2.43
2.63
2.85
2.69
2.78
3.31
3.1
3.48
3.28
3.48
3.25
- -
Free Cash Flow per Basic Share
0.71
0.84
1
1.18
1.7
1.87
2.13
2.32
2.52
2.75
1.86
2.05
2.32
2.11
2.08
2.4
- -
Dividend per Share
23.93
26.95
34.68
40.52
50.08
55.19
60.71
80.72
86.96
75.42
74.09
74.92
73.98
70.02
63.3
57.75
57.75
Book Value per Share
23.81
26.81
34.54
40.38
49.92
54.98
60.5
80.53
86.76
75.22
73.91
74.74
73.83
70.02
63.3
57.75
57.75
Tangible Book Value per Share
2,279
2,312
2,344
2,370
2,368
2,333
2,297
2,263
2,188
2,157
2,127
2,153
2,179
2,561
2,569
2,589
284
Basic Weighted Avg Shares
5,353
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
14,223
13,938
- -
Sales/Revenue/Turnover
64.79
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
68.23
67.45
- -
Operating Margin (%)
24
25
27
20
23
22
27
20
22
75
91
84
94
94
86
90
- -
Depreciation Expense
15,280
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
-8,863
-7,397
- -
Net Income, GAAP
3.19
5.84
2.92
4.18
2.92
5.51
5.57
2.87
6.23
- -
59.22
15.11
6.17
- -
- -
- -
- -
Effective Tax Rate (%)
285.45
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
-62.31
-53.07
- -
Profit Margin (%)
-3,532
-290
-713
-2,435
-1,053
-363
-2,781
5,277
1,876
1,541
-3,438
-7,242
8,513
-3,563
-8,775
-10,819
-10,819
Working Capital
7,782
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
44,856
44,535
44,535
LT Debt
54,975
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
163,398
149,710
149,710
Total Equity
5.71
14.13
25.06
17.26
22.18
11.34
10.68
7.61
4.49
- -
1.62
3.42
3.42
- -
- -
- -
- -
Return on Invested Capital (%)
26.86
13.99
25.08
17.26
22.59
11.48
11.14
25.88
9.86
- -
1
3.74
7.33
- -
- -
- -
- -
Return on Capital (%)
31.79
16.31
29.18
19.44
25.39
13.28
13.34
30.15
11.07
-9.83
0.74
4.29
8.79
-1.08
-5.18
-4.72
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
8,071
7,321
11,765
LT Borrowings
44,856
47,210
44,535
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,582
2,587
2,599
Market Capitalization
- -
- -
- -

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
4,915
4,941
6,476
Cash, Cash Equivalents & STI
3,232
3,140
3,350
Accounts Receivable, Net
172
185
170
Inventories
- -
- -
- -
Total Current Liabilities
13,690
12,734
17,295
Payables & Accruals
- -
- -
- -
ST Debt
8,071
7,321
11,765
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.37%
-0.75%
-8.38%
Free Cash Flow
4.38%
3.97%
-5.84%
Net Income, GAAP
65.33%
164.69%
-16.54%
Sales/Revenue/Turnover
4.85%
5.44%
-2%
Total Cash Common Dividend
4.68%
9.6%
16.31%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
13,578
2025
- -
- -
14,223
2026
- -
- -
13,938

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.77
2025
- -
- -
-3.45
2026
- -
- -
-2.86

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2.11
2025
- -
- -
2.08
2026
- -
- -
2.4
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Business
Link Real Estate Investment Trust (Link REIT, 0823.HK) operates as Asia's largest real estate investment trust by asset value, focusing on the ownership, management and enhancement of a diversified portfolio of retail facilities including community and mid-range shopping centres and modernised fresh markets; car parks; office buildings; and logistics assets such as godown facilities. The portfolio spans Hong Kong where it holds the majority of non-discretionary retail assets, Chinese Mainland encompassing Beijing, Greater Bay Area locations in Guangzhou, Shenzhen and Dongguan, and Yangtze River Delta areas around Shanghai including Changshu; Australia in Sydney and Melbourne with prime office holdings; Singapore featuring managed retail malls like AMK Hub; and the United Kingdom in London, with a total property valuation of approximately HK$222.9 billion as at 30 September 2025. Founded in 2005 and listed on the Hong Kong Stock Exchange as the region's first REIT, Link REIT is headquartered at The Quayside in Kwun Tong, Kowloon, Hong Kong, and managed by Link Asset Management Limited, an independent APAC-focused real estate investor that also pursues a REIT-plus strategy through Link Real Estate Partners for third-party fund and asset management. Recent developments include the pursuit of portfolio resilience under the Link 3.0 strategy with active diversification across APAC markets and asset classes via joint ventures and minority investments; ramped-up expansion in Singapore and Australia amid fluctuating Hong Kong income; asset enhancement initiatives delivering over 100 projects in Hong Kong and Chinese Mainland; and sustained revenue growth to a record HK$24.6 billion for the financial year ended March 2024. Link REIT constitutes the Hang Seng Index and sustainability benchmarks such as the Dow Jones Sustainability Asia Pacific Index.

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  • seekingalpha.com

    Link Real Estate Investment Trust (LKREF) Q4 2026 Earnings Call Transcript