Link Real Estate Investment Trust
LKREF
Other OTC5.12
USD
- -
- -
ISIN
HK0823032773
Return %
Stock
S&P500
1Y
-3.03
26.84
3Y
-15.37
77.03
5Y
-47.22
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Kok Siong Ng
- Full Time Employees
- 1,300
- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- Tower 1 Kwun Tong Hong Kong
- IPO Date
- Jun 24, 2008
- Website
- linkreit.com
- Similar Companies
- Business
- Link Real Estate Investment Trust (Link REIT; Hong Kong stock code: 823; OTC: LKREF) operates as Asia's largest real estate investment trust, focusing on the ownership, management, and development of a diversified portfolio of retail facilities, car parks, offices, logistics assets, and fresh markets across Hong Kong, Mainland China, Australia, Singapore, and the United Kingdom. The trust's core offerings encompass community and neighborhood shopping centers, destination malls, modernized fresh markets and cooked food stalls, approximately 57,000 car parking spaces with over 3,000 electric vehicle charging points, premium Grade A office spaces such as a 60% stake in The Quayside in Kowloon East, and logistics facilities including properties in Dongguan, Foshan, Changshu, and other Tier 1 cities and delta regions; in Singapore, it manages retail malls like Jurong Point and Swing By @ Thomson Plaza alongside asset services for third-party properties such as AMK Hub. Link REIT targets non-discretionary retail, essential services, and resilient income-generating assets serving local communities, residents near public housing, and businesses in high-density urban areas, with a portfolio valuation of approximately HK$220.4 billion (including 100% of select logistics and 49.9% of prime Australian offices) as of March 31, 2025. Established in 2005 as Hong Kong's first REIT through the privatization of retail and car park assets from the Hong Kong Housing Authority, Link REIT is headquartered at 20/F, Tower 1, The Quayside, 77 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong, and is managed by Link Asset Management Limited. The portfolio spans 154 properties, including 98 retail assets in Hong Kong segmented by destination (6 properties), community (35), and neighborhood (57) types; six retail and one office in Mainland China; office developments in Sydney and Melbourne via joint ventures; and retail in Singapore and the UK. It maintains high occupancy rates, such as 97.8% for Hong Kong retail and 99.2% for The Quayside office, with trade mixes emphasizing food and beverage (29%), supermarkets (21%), services (11%), and personal care. In recent developments, Link REIT completed the acquisition of the remaining 50% interest in Link Plaza Qibao in Shanghai in February 2024, enabling full operational integration and allocation of RMB120 million to asset enhancements at Link Plaza Tianhe in Guangzhou and RMB60 million at Link Plaza Tongzhou in Beijing, with works commencing in late 2024 for mid-2025 completion. The trust marked its 20th listing anniversary in November 2025 by launching Link Real Estate Partners, a new real estate investment management business line under Link Asset Management to partner with capital sources, expanding beyond traditional REIT operations into APAC-focused funds and joint ventures in markets like Australia and Japan. Ongoing initiatives include over 100 asset enhancement projects achieving an average 18% ROI, progression of The Anderson community commercial development in Kwun Tong for 2026/2027 completion, and sustainability efforts such as 58 solar installations generating 4.2 million kWh annually and over 4,600 green leases.
Link Real Estate Investment Trust (LKREF) Q4 2026 Earnings Call Transcript