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
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.
Valuation
Title HKD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|
2024‑03 | 2023‑03 | 2022‑03 | 2021‑03 | 2020‑03 | 2019‑03 | 2018‑03 | 2017‑03 | 2016‑03 | |
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% |