Link Real Estate Investment Trust (Link REIT, stock code: 823) announced its interim results for the six months ended 30 September 2025. The trust reported a year-on-year decline in revenue and net property income (NPI), reflecting ongoing macroeconomic headwinds and sector challenges, particularly in Hong Kong and Mainland China. Despite this, Link REIT maintained strong occupancy across its portfolio and continued efforts to reduce operating costs and preserve margins through active management and operational efficiency. As of 30 September 2025, the trust's net gearing ratio stood at 22.5%, down from 23.1% as at 31 March 2025. Total debt increased to HK$55.0 billion, with 65.8% of the debt portfolio at fixed interest rates. The average all-in borrowing cost improved to 3.22%, compared to 3.58% for the full year ended 31 March 2025. Debt maturity averaged 2.9 years, with maturities well staggered over the next 13 years. The company remains focused on operational efficiency, asset enhancement, and exploring investment opportunities in Singapore and Australia, while considering asset divestments and recycling.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Link Real Estate Investment Trust published the original content used to generate this news brief on November 20, 2025, and is solely responsible for the information contained therein.
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