Report
Phillip Zhong
EUR 101.80 For Business Accounts Only

Selling to Institutional Investors Will Likely Result in Smaller Disposal Gains for Link REIT

Various media sources reported strong interest from property investors for Link REIT’s proposed disposal of 17 retail assets. Collectively, the assets are estimated to be worth HKD 15 billion, the largest of such transactions conducted by the company. It was reported 12 investor groups, including KKR, Blackstone, Citic, and Abu Dhabi Investment Authority, have submitted bids. Pending more details from the company, we maintain our fair value estimate of HKD 51, along with our narrow moat rating f...
Underlying
Link Real Estate Investment Trust

Link Real Estate Investment Trust is a collective investment scheme constituted as a unit trust that invests primarily in retail and carpark operations.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Phillip Zhong

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