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<Research>CLSA Trims LINK REIT (00823.HK) TP to HKD48.5; Results In Line
LINK REIT (00823.HK)'s results for FY2026 ended March were broadly in line, CLSA said in its report. DPU edged down, mainly reflecting continued rental pressure in Hong Kong an...
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<Research>CLSA Trims LINK REIT (00823.HK) TP to HKD48.5; Results In Line
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LINK REIT (00823.HK)  +0.080 (+0.199%)    Short selling $198.77M; Ratio 19.760%   's results for FY2026 ended March were broadly in line, CLSA said in its report. DPU edged down, mainly reflecting continued rental pressure in Hong Kong and Mainland China. Management classified around 5-10% of its portfolio as non-core assets and indicated that these assets will be gradually divested in the future.

The company committed to using proceeds from the disposal of Thomson Plaza for unit buybacks. The broker believed this capital recycling strategy, which deploys disposal proceeds for buybacks, will be accretive to DPU and shareholder returns.

Related NewsLINK REIT (00823.HK) FY Distributable Amount Falls 6.4% YoY; Final Distribution Per Unit HK126.73 cents
In view of a downward revision in DPU forecasts, coupled with rising US Treasury yields leading to a higher required dividend yield, the broker adjusted its forecasts and lowered the TP from HKD49.2 to HKD48.5. It reiterated an Outperform rating, with LINK REIT remaining one of its most preferred REITs.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)

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