Valuation Link Real Estate Investment Trust

Equities

Market Closed - Hong Kong S.E. Other stock markets 08:08:14 17/03/2026 GMT			5-day change	1st Jan Change
36.98 ^HKD	+0.71%		-2.63%	+6.45%

01-06	Morgan Stanley Downgrades Link Real Estate Investment Trust to Equalweight from Overweight, Price Target is HK$37	MT
01-02	Link Asset Management Limited Announces Appointment of John Russell Saunders as Executive Director, Effective January 1, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	147,396	141,383	128,969	85,937	93,999	95,433	-	-
Change	-	-4.08%	-8.78%	-33.37%	9.38%	1.53%	-	-
Enterprise Value (EV) ¹	183,502	192,726	176,543	135,199	143,302	145,395	146,166	146,900
Change	-	5.03%	-8.4%	-23.42%	5.99%	1.46%	0.53%	0.5%
P/E ratio	124x	20.5x	7.3x	-43.7x	-10.6x	14.5x	14.5x	13.2x
PBR	0.93x	0.87x	0.68x	0.48x	0.58x	0.59x	0.59x	0.58x
PEG	-	0x	0x	0x	-0x	-0x	76.23x	1.35x
Capitalization / Revenue	13.7x	12.2x	10.5x	6.33x	6.61x	6.84x	6.86x	6.79x
EV / Revenue	17.1x	16.6x	14.4x	9.96x	10.1x	10.4x	10.5x	10.5x
EV / EBITDA	23.2x	23.1x	20.4x	14.4x	14.6x	15.5x	15.5x	15.4x
EV / EBIT	23.5x	23.3x	20.7x	14.5x	14.8x	15.6x	15.5x	15.4x
EV / FCF	33.8x	33.2x	25.9x	18.2x	18.3x	17.5x	17.7x	17.6x
FCF Yield	2.96%	3.02%	3.86%	5.49%	5.45%	5.73%	5.65%	5.68%
Dividend per Share ²	2.9	3.057	2.743	2.626	2.723	2.548	2.561	2.606
Rate of return	4.1%	4.56%	5.43%	7.81%	7.48%	6.94%	6.97%	7.1%
EPS ²	0.57	3.27	6.92	-0.77	-3.45	2.534	2.539	2.788
Distribution rate	509%	93.5%	39.6%	-341%	-78.9%	101%	101%	93.5%
Net sales ¹	10,744	11,602	12,234	13,578	14,223	13,942	13,916	14,055
EBITDA ¹	7,901	8,348	8,639	9,398	9,790	9,382	9,409	9,539
EBIT ¹	7,810	8,264	8,545	9,304	9,704	9,350	9,411	9,551
Net income ¹	1,185	6,894	15,451	-1,983	-8,863	6,567	6,699	7,368
Net Debt ¹	36,106	51,343	47,574	49,262	49,303	49,962	50,733	51,467
Reference price ²	70.80	67.00	50.50	33.65	36.40	36.72	36.72	36.72
Nbr of stocks (in thousands)	2,081,863	2,110,194	2,553,845	2,553,845	2,582,396	2,598,939	-	-
Announcement Date	17/06/21	01/06/22	31/05/23	29/05/24	27/05/25	-	-	-

¹HKD in Million²HKD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
LINK REAL ESTATE INVESTMENT TRUST	14.49x	10.43x	15.5x	6.94%	12.19B
SIMON PROPERTY GROUP, INC.	30.39x	13.98x	17.43x	4.72%	61.52B
KIMCO REALTY CORPORATION	29.84x	10.84x	14.39x	4.59%	15.63B
REGENCY CENTERS CORPORATION	32.27x	11.87x	17.79x	3.9%	14.12B
AGREE REALTY CORPORATION	40.09x	15.99x	19.19x	4.02%	9.56B
BRIXMOR PROPERTY GROUP INC.	29.64x	9.98x	14.91x	4.13%	9.2B
NNN REIT, INC.	21.26x	13.95x	15.28x	5.41%	8.59B
VICINITY CENTRES	10.74x	16.09x	17.54x	5.26%	7.65B
KITE REALTY GROUP TRUST	74.05x	8.26x	12.3x	4.58%	5.28B
THE MACERICH COMPANY	-107.05x	9.98x	17.51x	3.63%	4.86B
Average	17.57x	12.14x	16.18x	4.72%	14.86B
Weighted average by Cap.	25.30x	12.81x	16.64x	4.75%