Lates News

Citibank has published a research report stating that the worst times for Link REIT are already behind and has raised its forecasts for its latest dividend payouts for 2025 and 2026, predicting a 1% annual increase and stability per unit. This is based on retail sales and customer traffic stabilizing since the second quarter, with cyclical factors likely to drive moderate growth in the second half of the year. The group's floating rate debt ratio is 50%, and if HIBOR remains around 1%, financing costs are expected to further decrease to about 3% by the end of 2025. In addition, the occupancy rate is at 95% with resilient tenant renewal rates also reaching 82%; there may be further upside potential through adjustments to the tenant mix and asset enhancement projects. Citibank maintains its "buy" rating on Link REIT, with the target price raised from HK$4.6 to HK$5.56.