Link Real Estate Investment (HK:0823)
:0823
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0823 Stock Chart & Stats
HK$38.46
-HK$0.15(-0.46%)
At close: 4:00 PM EST
HK$38.46
-HK$0.15(-0.46%)
Day’s Range― - ―
52-Week RangeHK$34.12 - HK$45.05
Previous CloseN/A
Volume6.29M
Average Volume (3M)8.73M
Market Cap
HK$99.94B
Enterprise ValueHK$157.58B
Total Cash (Recent Filing)HK$3.81B
Total Debt (Recent Filing)HK$56.30B
Price to Earnings (P/E)―
Beta0.56
Next Earnings
Nov 11, 2026EPS Estimate
1.24Next Dividend Ex-DateN/A
Dividend Yield7.61%
Share Statistics
EPS (TTM)-2.85
Shares Outstanding2,616,275,600
10 Day Avg. Volume6,596,149
30 Day Avg. Volume8,732,903
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)0.62
Price to Sales (P/S)6.66
P/FCF Ratio13.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$40.01Price Target Upside4.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)2.48
Revenue Forecast (FY)HK$13.71B
Bulls Say, Bears Say
Bulls Say
Strong Operating Cash FlowConsistent positive operating cash flow and recovering free cash flow indicate the business converts rental receipts into real cash. Over 2–6 months this durable cash generation supports distributions, funds maintenance and AEI, and provides a buffer for servicing debt even when accounting profits are weak.
High Gross MarginsVery high gross margins reflect low direct operating costs relative to rental income, a structural advantage for an income-focused REIT. High margins improve resilience to revenue fluctuations, help fund property upkeep and tenant services, and support sustainable net property income over time.
Moderate LeverageA moderate debt-to-equity range signals prudent capital structure for a REIT and preserves refinancing flexibility. Structurally, this reduces bankruptcy risk, limits interest burden relative to cash flow, and leaves room to fund selective acquisitions or capex without immediate balance sheet strain.
Bears Say
Sustained Net LossesMulti-year net losses are a durable concern: they erode retained earnings and distributable income, weaken investor confidence, and can force adjustments to payout policy. Persisting losses also reduce internal capital for asset investment and make the trust more dependent on external financing.
Flat/Declining RevenueA stagnant to falling top line limits natural growth in net property income and constrains the REIT's ability to increase distributions organically. Over months this reduces headroom for margin recovery, raises reliance on asset recycling or acquisitions, and increases sensitivity to retail demand shifts.
Eroding Equity BaseDeclining equity and negative ROE signal capital erosion from losses. Structurally this narrows leverage headroom, may tighten covenant breathing room, and weakens the buffer against property value or revenue shocks, complicating longer-term financing and growth plans.
Link Real Estate Investment News
0823 FAQ
What was Link Real Estate Investment’s price range in the past 12 months?
Link Real Estate Investment lowest stock price was HK$34.12 and its highest was HK$45.05 in the past 12 months.
What is Link Real Estate Investment’s market cap?
Link Real Estate Investment’s market cap is HK$99.94B.
When is Link Real Estate Investment’s upcoming earnings report date?
Link Real Estate Investment’s upcoming earnings report date is Nov 11, 2026 which is in 156 days.
How were Link Real Estate Investment’s earnings last quarter?
Link Real Estate Investment released its earnings results on May 28, 2026. The company reported HK$1.19 earnings per share for the quarter, missing the consensus estimate of HK$1.32 by -HK$0.13.
Is Link Real Estate Investment overvalued?
According to Wall Street analysts Link Real Estate Investment’s price is currently Undervalued.
Does Link Real Estate Investment pay dividends?
Link Real Estate Investment pays a Semiannually dividend of HK$1.267 which represents an annual dividend yield of 7.61%. See more information on Link Real Estate Investment dividends here
What is Link Real Estate Investment’s EPS estimate?
Link Real Estate Investment’s EPS estimate is 1.24.
How many shares outstanding does Link Real Estate Investment have?
Link Real Estate Investment has 2,616,275,600 shares outstanding.
What happened to Link Real Estate Investment’s price movement after its last earnings report?
Link Real Estate Investment reported an EPS of HK$1.19 in its last earnings report, missing expectations of HK$1.32. Following the earnings report the stock price went up 0.8%.
Which hedge fund is a major shareholder of Link Real Estate Investment?
Currently, no hedge funds are holding shares in HK:0823
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Link Real Estate Investment Stock Smart Score
Neutral
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4
5
6
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8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
8.22%
12-Months-Change
Fundamentals
Return on Equity
-4.80%
Trailing 12-Months
Asset Growth
-4.93%
Trailing 12-Months
Company Description
Link Real Estate Investment
Link Real Estate Investment Trust (Hong Kong stock code: 823), managed by Link Asset Management Limited, is a leading retail-focused REIT in the world and Asia's largest REIT in terms of market capitalisation. Listed in 2005 as the first REIT in Hong Kong, Link has been 100% held by public and institutional investors and is a Hang Seng Index constituent stock. From its home in Hong Kong, Link manages a diversified portfolio including retail facilities, car parks and offices spanning Hong Kong, Beijing, Guangzhou, Shanghai, Shenzhen, London and Sydney. Link seeks to extend its portfolio growth trajectory and grasp expansion opportunities in different markets in pursuit of our medium-term target Vision 2025.
0823 Company Deck
0823 Earnings Call
Q4 2026
0:00 / 0:00
0823 Stock 12 Month Forecast
Average Price Target
HK$40.01
▲(4.03% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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