Link Real Estate Investment Trust demonstrated a commitment to growth and sustainability during the research period, while making intelligent, strategic deals in a challenging period for the sector.
The company has exhibited robust financial performance with a steady revenue growth of HK$12,234 million, representing a 5.4% year-over-year increase, driven by contributions from new ventures in Australia retail, mainland China logistics, and full-year earnings from Hong Kong car service centres. Additionally, despite rising interest costs, the firm has successfully maintained its total distributable amount on a growth trajectory, highlighting its ability to manage expenses and sustain profitability.
The company maintained a generous dividend pay-out, distributing 100% of its distributable income to investors.
Sustainability was a key focus, with ambitious targets set during the research period. These include a commitment to reduce carbon emissions across its portfolio by 25% by 2025/26, attain 100% green building certification and establish sustainability-performance standards across asset classes.
As at 2022/23, the company's Hong Kong portfolio also equipped 36 of its buildings with solar panels, contributing to a more environmentally friendly and efficient real estate portfolio.
Two notable acquisitions during the awards period were Jurong Point and Swing By @ Thomson Plaza, marking the firm’s entry into the Singapore market and strengthening its regional presence.
Following its HK$18.8 billion ($2.41 billion) rights offering, Link is well-positioned for continued growth in the real-estate sector.