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XHKG
0823
Market cap12bUSD
Apr 03, Last price  
36.95HKD
1D
-0.14%
1Q
11.63%
Jan 2017
-26.69%
IPO
116.59%
Name

Link Real Estate Investment Trust

Chart & Performance

D1W1MN
P/E
P/S
7.07
EPS
Div Yield, %
3.59%
Shrs. gr., 5y
3.79%
Rev. gr., 5y
6.23%
Revenues
13.58b
+10.03%
1,354,000,0003,954,000,0004,199,000,0004,503,000,0004,990,000,0005,353,000,0005,932,000,0006,506,000,0007,155,000,0007,723,000,0008,740,000,0009,255,000,00010,023,000,00010,037,000,00010,901,000,00010,870,000,00011,689,000,00012,340,000,00013,578,000,000
Net income
-1.98b
L
2,081,000,0004,354,000,0005,139,000,000622,000,00010,363,000,00015,280,000,0009,602,000,00021,062,000,00017,305,000,00027,230,000,00016,295,000,00017,711,000,00047,761,000,00020,329,000,000-17,122,000,0001,185,000,0006,894,000,00015,451,000,000-1,983,000,000
CFO
8.48b
+35.35%
789,000,0002,756,000,0002,517,000,0002,894,000,0002,998,000,0003,365,000,0003,770,000,0004,199,000,0004,659,000,0004,853,000,0005,682,000,0006,077,000,0006,485,000,0005,941,000,0005,895,000,0006,288,000,0005,836,000,0006,266,000,0008,481,000,000
Dividend
Jun 27, 20241.3257 HKD/sh
Earnings
May 27, 2025

Profile

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.
IPO date
Nov 25, 2005
Employees
1,332
Domiciled in
HK
Incorporated in
HK

Valuation

Title
HKD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFY
2024‑032023‑032022‑032021‑032020‑032019‑032018‑032017‑032016‑03
Income
Revenues
13,578,000
10.03%
12,340,000
5.57%
Cost of revenue
4,274,000
4,001,000
Unusual Expense (Income)
NOPBT
9,304,000
8,339,000
NOPBT Margin
68.52%
67.58%
Operating Taxes
1,548,000
1,006,000
Tax Rate
16.64%
12.06%
NOPAT
7,756,000
7,333,000
Net income
(1,983,000)
-112.83%
15,451,000
124.12%
Dividends
(5,401,000)
(5,050,000)
Dividend yield
6.27%
4.46%
Proceeds from repurchase of equity
(935,000)
18,406,000
BB yield
1.08%
-16.25%
Debt
Debt current
7,947,000
4,133,000
Long-term debt
51,370,000
64,966,000
Deferred revenue
(10,004,000)
Other long-term liabilities
7,705,000
6,430,000
Net debt
45,946,000
42,994,000
Cash flow
Cash from operating activities
8,481,000
6,266,000
CAPEX
(2,752,000)
(17,433,000)
Cash from investing activities
(509,000)
(24,691,000)
Cash from financing activities
(14,710,000)
29,850,000
FCF
4,152,000
7,223,000
Balance
Cash
9,682,000
17,886,000
Long term investments
3,689,000
8,219,000
Excess cash
12,692,100
25,488,000
Stockholders' equity
(381,000)
189,060,000
Invested Capital
245,816,000
235,735,000
ROIC
3.22%
3.29%
ROCE
3.79%
3.15%
EV
Common stock shares outstanding
2,561,267
2,243,026
Price
33.65
-33.37%
50.50
-24.63%
Market cap
86,186,621
-23.91%
113,272,792
-22.83%
EV
131,751,621
156,386,792
EBITDA
9,398,000
8,433,000
EV/EBITDA
14.02
18.54
Interest
2,223,000
1,839,000
Interest/NOPBT
23.89%
22.05%