Stock Track | Link REIT Shares Plunge as Attributable Loss Widens Despite Revenue Growth

Stock Track11-07

Shares of Link Real Estate Investment Trust (Link REIT) plummeted by 6.18% on Wednesday morning, after the company reported a widening attributable loss to unitholders in its interim results for the half-year ended September 30.

According to a filing with the Hong Kong Exchange, Link REIT's attributable loss to unitholders widened to HK$3.68 billion, up from HK$3.37 billion in the same period last year. This translated to a loss per unit of HK$1.44, compared to HK$1.33 in the previous year.

Despite the wider loss, Link REIT's revenue grew by 6.4% to HK$7.15 billion from HK$6.73 billion a year earlier. However, investors seemed 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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