Morningstar

Link Real Estate Investment Trust 00823

Morningstar Rating
Unlock
Stock XHKG Rating as of
HK$37.20 −0.20 (0.53%)
View Full Chart
As of Delayed Price Closed

Company Report

View Archive

Price vs Fair Value

View History
00823 is trading at a LOCK|c@&P$&$ premium.
Price
HK$37.20
Fair Value
m^t
Uncertainty
LOCK|b!$Z
1-Star Price
LOCK|.whV
5-Star Price
LOCK|.$
Economic Moat
LOCK|zp&XX
Capital Allocation
LOCK|$<&H!lv&

Bulls Say, Bears Say

Bulls

Capital recycling is expected to enable Link REIT to consolidate around its top assets and dominate key districts. The portfolio effect enables the company to initiate another round of AEIs and reposition its assets, in our view.

Bears

The company exhausted its primary growth driver of higher rents and lower vacancies for its Hong Kong portfolio and is seeking riskier expansion internationally.

Show More

Trading Information

Previous Close Price
HK$37.40
Day Range
HK$37.02–37.38
52-Week Range
HK$34.12–42.48
Bid/Ask
HK$37.20 / HK$37.22
Shares Outstanding
2.59B
Market Cap
HK$96.31B
Volume/Avg
8M / 8M

Key Statistics

Price/Earnings (Normalized)
18.47
Price/Sales
6.91
Dividend Yield (Trailing)
6.82%
Dividend Yield (Forward)
6.82%
Dividend Payment Schedule
Jul, Dec
Total Yield
6.82%

Company Profile

Link REIT is Asia's largest REIT, listed in 2005 to privatize retail assets held by the Hong Kong Housing Authority. It owns 154 properties and around 57,000 car park spaces. It expanded its investment mandate in 2014 to allow overseas acquisitions, and has since acquired retail, office, and logistics properties in China, as well as an office development project in Hong Kong. Link also expanded its footprint to Sydney, Melbourne, London, and Singapore.
Sector
Real Estate
Industry
REIT - Retail
Stock Style Box
Large Value
Total Number of Employees
1,507
Website
https://www.linkreit.com

Competitors

Valuation

View More
Metric
00823
01972
01997
Price/Earnings (Normalized)
 18.4744.5263.49
Price/Book Value
 0.640.520.52
Price/Sales
 6.918.387.27
Price/Cash Flow
 14.4317.9413.40
Price/Earnings
00823
01972
01997

Financial Strength

Metric
00823
01972
01997
Quick Ratio
 0.260.580.19
Current Ratio
 0.371.190.24
Interest Coverage
 −2.424.900.26
Quick Ratio
00823
01972
01997

Profitability

Metric
00823
01972
01997
Return on Assets (Normalized)
 −3.46%2.11%2.89%
Return on Equity (Normalized)
 −4.95%2.77%3.65%
Return on Invested Capital (Normalized)
 −2.90%2.51%3.54%
Return on Assets
00823
01972
01997

REIT - Retail Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Simon Property Group Inc
SPG
LOCK|&w^<fr!LOCK|Dwp$65B
 Realty Income Corp
O
LOCK|m<Wr<^tLOCK|my$51B
 Kimco Realty Corp
KIM
LOCK|#RN?J#LOCK|q<$15B
 Unibail-Rodamco-Westfield ADR
URMCY
—LOCK|j$$15B
 Unibail-Rodamco-Westfield Act. SIIC ET STES FONC.EUROP.
UNBLF
—LOCK|JG$15B
 CapitaLand Integrated Commercial Trust
CPAMF
—LOCK|@!#%p$14B
 Regency Centers Corp
REG
LOCK|vvCp&XBLOCK|?n$13B
 Scentre Group
STGPF
—LOCK|yRfY$12B
 Federal Realty Investment Trust
FRT
LOCK|P%>Zl<<wLOCK|dt?$9B
 Macerich Co
MAC
LOCK|zt>X@^pLOCK|s<$6B

Sponsor Center