On May 29, Link REIT rose 3.18% in regular trading, trading at HK$41.32 per unit, with trading volume of approximately HK$171 million.
The movement was primarily driven by the trust's full-year results released the prior day. Link REIT reported total revenue of approximately HK$13.938 billion, down 2% year-over-year, while property net income reached approximately HK$10.23 billion, significantly exceeding the market consensus estimate of HK$9.76 billion. Distribution per unit came in at approximately 253.61 HK cents, in line with market expectations.
Management simultaneously outlined a strategic initiative to divest non-core assets and accelerate unit buybacks to maintain earnings stability and safeguard distribution performance. The combination of better-than-expected property net income and a clear portfolio optimization strategy has bolstered market confidence in the REIT's forward outlook.
(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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