Link's Better-Than-Expected Results on Resilient Hong Kong Retail Portfolio
Link REIT reported interim fiscal 2017 results with distributable income of HKD 2.5 billion, up 11% year on year, ahead of our estimate of HKD 2.3 billion. The strong results were supported by good top-line growth, with revenue and net property income up 10% and 11% year on year, respectively. Distribution per unit for the interim period was HKD 1.1175, up 13% year on year.For the retail portfolio in Hong Kong, revenue and net profit income were up by 6% and 7% year on year, respectively. Avera...
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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