Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BOCOMI: LINK REIT Results In Line; Buybacks a Mid-to-Long Term Catalyst
Recommend 17 Positive 15 Negative 7 |
||||
|
||||
|
LINK REIT (00823.HK)'s revenue and net property income for FY2026 declined 2% YoY and 3.7% YoY to HKD13.938 billion and HKD10.23 billion, respectively, in wake of a negative rental reversion rate of 8.2% for its Hong Kong retail portfolio during the year, BOCOMI said in its report. DPU for the full year was HKD253.61 cents, about 0.3% above the broker's expectation, while NAV per unit dipped 8.8% YoY to HKD57.75. BOCOMI expected overall distributable income for FY2027 to remain broadly in line with FY2026 levels. The broker believed that unit buybacks and the potential inclusion of REITs in the Stock Connect scheme will serve as mid- to long-term catalysts for the company's share price. It maintained a Buy rating with an unchanged TP of HKD45.7. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
