Stock Track | Link REIT Shares Plunge as Wider Loss Overshadows Revenue Growth

Stock Track11-07

Shares of Link Real Estate Investment Trust (Link REIT) plummeted by 6.18% on Wednesday morning, following the company's interim results for the half-year ended September 30, which showed a widening attributable loss to unitholders despite revenue growth.

According to a filing with the Hong Kong Exchange, Link REIT reported an attributable loss to unitholders of HK$3.68 billion, up from HK$3.37 billion in the same period last year. The loss per unit also increased to HK$1.44, compared to HK$1.33 in the previous year.

While the company's revenue grew by 6.4% to HK$7.15 billion from HK$6.73 billion a year earlier, investors appeared to focus more on the larger attributable loss, leading to the sharp sell-off in the company's shares on Wednesday morning.

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