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Citi: LINK REIT FY26 DPU In Line; Rating Neutral
2026-05-28 16:07:56
LINK REIT (00823.HK)'s DPU for FY2026 declined 6.9% YoY to HKD2.5361, in line with expectations (Citi and market forecasts were HKD2.52/ HKD2.53). Negative rental reversion in Hong Kong and Mainland China retail renewals led to a 3.7% decline in overall net property income, Citi said in its report.

However, a 6% decrease in financing costs, together with a 9% savings in G&A expenses, offset part of the decline. Based on today's (28th) midday closing price of HKD39.7, the dividend yield stands at 6.38%.

In its outlook, LINK REIT's management stated that over the coming year it plans to maintain earnings stability and safeguard distribution performance through divestment of non-core assets and accelerated fund unit buybacks.

The broker maintained a Neutral rating on LINK REIT with a TP of HKD36.8.
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AASTOCKS Financial News
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