Movement Alert｜LINK REIT Intraday Rise 3.23% in Regular Trading, interim distribution edged up and further buybacks are planned

Market Focus11-12 13:05

On November 12, LINK REIT recorded an Intraday Rise of 3.23% in Regular Trading, with the price at HK$41.68 and turnover of HK$193 million.

The move was accompanied by interim results showing distribution per unit of 127.25 HK cents, up 0.3% year on year, while total distributable amount rose 0.4% to HK$3.295 billion. Net gearing fell to 23.3% and average borrowing cost declined to 3.3%.

Management also said it plans to deploy HK$1 billion to HK$2 billion for unit buybacks in the second half. Recent broker commentary remained constructive, with target prices broadly ranging from HK$43 to HK$47.2, reinforcing positive expectations around capital recycling, balance-sheet discipline, anditholder returns.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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