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Link Real Estate Investment Trust

0823.HK

HKSEReal EstateREIT - Retail

Latest quote

HK$39.30

−HK$0.46 · -1.16%

Aug 24, 4:08 PM HKT

0823.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Managed by Link Asset Management Limited, Link Real Estate Investment Trust (Link REIT) holds the distinction of being the world's foremost retail-centric REIT and Asia's largest by market capitalization. Since its pioneering launch in Hong Kong in 2005, Link has been exclusively owned by individual and institutional investors and is a component of the Hang Seng Index. Headquartered in Hong Kong, Link oversees a diverse array of assets, including shopping centers, parking garages, and commercial offices, with a geographical footprint extending across Hong Kong, Beijing, Guangzhou, Shanghai, Shenzhen, London, and Sydney. The trust is dedicated to accelerating its portfolio expansion and capitalizing on growth prospects in various markets, in line with its strategic target, Vision 2025.

Industry
REIT - Retail
Sector
Real Estate
Headquarters
HK
CEO
Kok Siong Ng
Listed since
Nov 25, 2005
Employees
1,300

Market position

52-week range

Current HK$39.30

Open
HK$39.30
Previous close
HK$39.76
Volume
5.88M
0.58× average
Average volume
10.05M
Average daily volume
Market cap
102.94B HKD
Beta
0.88
Market reference 1
50-day average
HK$38.0484
+3.29% above average
200-day average
HK$37.5456
+4.67% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
145.75B HKD
P/E (TTM)
-13.79×
P/B (TTM)
0.68×
P/S (TTM)
7.35×
EV / EBITDA
-30.42×
Earnings yield
-7.93%
Free cash flow yield
7.27%
Dividend yield
6.45%

Profitability & efficiency

Gross margin
73.64%
Operating margin
67.18%
Net margin
-52.79%
Return on equity
-4.93%
Return on assets
-3.37%
Return on invested capital
4.28%

Financial health

Debt / equity
0.38×
Current ratio
0.42×

Earnings

EPS beat rate
20%
2 beats, 8 misses, 0 met estimates
Average EPS surprise
-12.99%
10 comparable reports
Latest EPS result
1.19
Estimate 1.32 · Miss by 9.85%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.760.61-0.53-1.68Q2 '23MissQ4 '23MissQ2 '24MissQ4 '24No estimateQ2 '25MissQ4 '25MissQ2 '26MissQ4 '26Estimate
Q2 2023, reported May 31, 2023: actual 1.24, estimate 1.52, surprise -18.42%, Miss. Q4 2023, reported Nov 8, 2023: actual -1.33, estimate 1.23, surprise -208.13%, Miss. Q2 2024, reported May 29, 2024: actual 0.54, estimate 1.33, surprise -59.40%, Miss. Q4 2024, reported Nov 6, 2024: actual -1.44, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 27, 2025: actual 1.31, estimate 1.36, surprise -3.68%, Miss. Q4 2025, reported Nov 20, 2025: actual -0.62, estimate 1.33, surprise -146.62%, Miss. Q2 2026, reported May 28, 2026: actual 1.19, estimate 1.32, surprise -9.85%, Miss. Q4 2026, reported Nov 11, 2026: actual —, estimate 1.24, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates7.44B6.89B6.34B5.78BQ2 '23BeatQ4 '23BeatQ2 '24MissQ4 '24BeatQ2 '25MissQ4 '25MissQ2 '26MissQ4 '26Estimate
Q2 2023, reported May 31, 2023: actual 6.19B HKD, estimate 6.07B HKD, surprise +2.04%, Beat. Q4 2023, reported Nov 8, 2023: actual 6.73B HKD, estimate 6.45B HKD, surprise +4.34%, Beat. Q2 2024, reported May 29, 2024: actual 6.85B HKD, estimate 6.99B HKD, surprise -2.00%, Miss. Q4 2024, reported Nov 6, 2024: actual 7.15B HKD, estimate 6.77B HKD, surprise +5.62%, Beat. Q2 2025, reported May 27, 2025: actual 7.07B HKD, estimate 7.16B HKD, surprise -1.20%, Miss. Q4 2025, reported Nov 20, 2025: actual 7.02B HKD, estimate 7.06B HKD, surprise -0.56%, Miss. Q2 2026, reported May 28, 2026: actual 6.91B HKD, estimate 7.02B HKD, surprise -1.61%, Miss. Q4 2026, reported Nov 11, 2026: actual —, estimate 6.83B HKD, surprise —, Comparison unavailable.

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