Link REIT's Interim Results a Slight Beat; DPU Growth Slowing
Link REIT reported interim fiscal 2018 results with distributable income of HKD 2.67 billion, up 7% year on year, slightly ahead of our estimate of HKD 2.64 billion. The small outperformance was due to stronger-than-expected growth for its assets in China. Distribution per unit, or DPU, for the interim period amounted to HKD 1.215, up 9% year on year. We have adjusted our full-year projection to incorporate higher growth for assets in China, resulting in earnings up 2% for both fiscal 2018 and f...Link Real Estate Investment Trust is a collective investment scheme constituted as a unit trust that invests primarily in retail and carpark operations.
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