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LINK REIT: ~5-10% of Assets Are Non-core; Company to Consider Disposal at Appropriate Time
LINK REIT (00823.HK) Chairman Duncan Owen said that around 5-10% of its assets are non-core and may be disposed of at an appropriate time, local media reported. He stressed that th...
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LINK REIT: ~5-10% of Assets Are Non-core; Company to Consider Disposal at Appropriate Time
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LINK REIT (00823.HK)  -0.240 (-0.612%)    Short selling $49.14M; Ratio 30.084%   Chairman Duncan Owen said that around 5-10% of its assets are non-core and may be disposed of at an appropriate time, local media reported. He stressed that the non-core assets are not shopping malls, accentuating that Hong Kong malls are extremely valuable to LINK REIT.

Regarding the progress of recruiting a CEO, he said the selection process has been underway for some time and several candidates have been approached. As the recruitment process is rigorous, independent and global in scope, it may take longer to complete.

Related News Citi Upgrades LINK REIT (00823.HK) to Buy, Raises TP to HKD44.8
John Saunders, Executive Director and Chief Investment Officer, said Hong Kong's overall economy has improved and tenant sales of LINK REIT have also picked up. As rental levels agreed three years ago during the post-pandemic reopening were relatively high, the portfolio is still affected by a rental lag effect.

In the last financial year, the reversion rate for Hong Kong retail properties was negative 8.2%, and it is expected to remain at a similar level in the current financial year. He described the situation as "seeing light at the end of the tunnel".

LINK REIT opened 1.29% higher today (29th), hitting a peak of HKD41.76. It last reported at HKD41.06, up 1.89%, with turnover of 3.5305 million shares, involving HKD145 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-03 12:25.)

Related News Citi: LINK REIT (00823.HK) FY2026 Distribution per Unit In Line; Rating Neutral

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