Link REIT Full-Year Results a Slight Beat, DPU Growth Slowing
Link Real Estate Investment Trust reported fiscal 2019 results with total distributable amount of HKD 5.7 billion, up 5% year on year. Without the discretionary capital distribution, distributable income was slightly better than our estimate of HKD 5.5 billion. Full-year distribution per unit totaled HKD 2.7117, up 8.6% year on year as buybacks reduced units outstanding by 2%. To account for the slight outperformance as well as the ramp up of new assets in Hong Kong and China, we adjusted our ea...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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