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Link Real Estate Investment Trust

Real Estate US LKREF

4.4USD
-(-%)

Last update at 2024-12-18T20:00:00Z

Day Range

4.404.40
LowHigh

52 Week Range

4.257.60
LowHigh

Fundamentals

  • Previous Close 4.40
  • Market Cap14241.06M
  • Volume129
  • P/E Ratio-
  • Dividend Yield5.76%
  • EBITDA8593.00M
  • Revenue TTM12450.00M
  • Revenue Per Share TTM5.20
  • Gross Profit TTM 9283.00M
  • Diluted EPS TTM-0.11

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Income before tax 16299.00M 8136.00M 1844.00M -16591.00000M 21801.00M
Minority interest 158.00M -13.00000M -27.00000M 406.00M 587.00M
Net income 15451.00M 6894.00M 1185.00M -17122.00000M 20329.00M
Selling general administrative 653.00M 512.00M 428.00M 416.00M 405.00M
Selling and marketing expenses - - - - -
Gross profit 9198.00M 8776.00M 8238.00M 8220.00M 7689.00M
Reconciled depreciation 94.00M 84.00M 91.00M 75.00M 22.00M
Ebit 17844.00M 8929.00M 2393.00M -16123.00000M 22327.00M
Ebitda 17938.00M 9013.00M 2484.00M -16048.00000M 22349.00M
Depreciation and amortization 94.00M 84.00M 91.00M 75.00M 22.00M
Non operating income net other - - - - 0.00000M
Operating income 17844.00M 8929.00M 2393.00M -16123.00000M 22327.00M
Other operating expenses 3689.00M 3338.00M 2934.00M 2914.00M 2753.00M
Interest expense 1609.00M 932.00M 843.00M 885.00M 436.00M
Tax provision 1006.00M 1229.00M 1092.00M 712.00M 1359.00M
Interest income 106.00M 98.00M 126.00M 183.00M 85.00M
Net interest income -1712.00000M -907.00000M -644.00000M -864.00000M -423.00000M
Extraordinary items - - - - 0.00000M
Non recurring - - - - 0.00000M
Other items - - - - 0.00000M
Income tax expense 1006.00M 1229.00M 1092.00M 712.00M 1359.00M
Total revenue 12234.00M 11602.00M 10744.00M 10718.00M 10037.00M
Total operating expenses 653.00M 512.00M 428.00M 416.00M 405.00M
Cost of revenue 3036.00M 2826.00M 2506.00M 2498.00M 2348.00M
Total other income expense net -1545.00000M -793.00000M -549.00000M -468.00000M -526.00000M
Discontinued operations - - - - 0.00000M
Net income from continuing ops 15293.00M 6907.00M 752.00M -17303.00000M 20442.00M
Net income applicable to common shares 15451.00M 6894.00M 1185.00M -17122.00000M 20329.00M
Preferred stock and other adjustments - - - - 0.00000M
Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Total assets 267919.00M 225716.00M 209885.00M 207619.00M 226937.00M
Intangible assets - - - - 0.00000M
Earning assets - - - - -
Other current assets 4373.00M 902.00M 2590.00M 709.00M 4222.00M
Total liab 78859.00M 62726.00M 51192.00M 47502.00M 37611.00M
Total stockholder equity 188940.00M 162688.00M 158720.00M 159711.00M 188739.00M
Deferred long term liab - - - - 0.00000M
Other current liab 7045.00M 723.00M 6290.00M 2560.00M 4567.00M
Common stock 188940.00M 162688.00M 158720.00M 159711.00M 188739.00M
Capital stock - - - - -
Retained earnings - - - - 0.00000M
Other liab 6032.00M 5181.00M 4843.00M 4963.00M 5988.00M
Good will 387.00M 400.00M 392.00M 424.00M 433.00M
Other assets - - - - 21.00M
Cash 13987.00M 2779.00M 2530.00M 7877.00M 2694.00M
Cash and equivalents - - - - -
Total current liabilities 7188.00M 6562.00M 6348.00M 2640.00M 8126.00M
Current deferred revenue - - - - 2816.00M
Net debt 50948.00M 46966.00M 36106.00M 26721.00M 21523.00M
Short term debt 22.00M 5735.00M - - 3367.00M
Short long term debt - 5735.00M - - 3367.00M
Short long term debt total 64935.00M 49745.00M 38636.00M 34598.00M 24217.00M
Other stockholder equity - - - - 0.00000M
Property plant equipment 238932.00M 214009.00M 200375.00M 194613.00M 218634.00M
Total current assets 19834.00M 5055.00M 6158.00M 9605.00M 7834.00M
Long term investments - - - - 15.00M
Net tangible assets 188553.00M 162288.00M 158328.00M 159287.00M 188306.00M
Short term investments 3352.00M 170.00M - - 4095.00M
Net receivables 170.00M 1384.00M 1195.00M 1231.00M 933.00M
Long term debt 64913.00M 44010.00M 38636.00M 34598.00M 20850.00M
Inventory - - - - 0.00000M
Accounts payable 121.00M 104.00M 58.00M 80.00M 192.00M
Total permanent equity - - - - 0.00000M
Noncontrolling interest in consolidated entity - - - - 0.00000M
Temporary equity redeemable noncontrolling interests - - - - 0.00000M
Accumulated other comprehensive income - - - - 0.00000M
Additional paid in capital - - - - 0.00000M
Common stock total equity - - - - 0.00000M
Preferred stock total equity - - - - 0.00000M
Retained earnings total equity - - - - 0.00000M
Treasury stock - - - - 0.00000M
Accumulated amortization - - - - 0.00000M
Non currrent assets other 241630.00M 213345.00M 202034.00M 196201.00M 218532.00M
Deferred long term asset charges - - - - 0.00000M
Non current assets total 248085.00M 220661.00M 203727.00M 198014.00M 219103.00M
Capital lease obligations 22.00M - - - 0.00000M
Long term debt total - - - - 0.00000M
Breakdown 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Type yearly yearly yearly yearly yearly
Date 2023-03-31 2022-03-31 2021-03-31 2020-03-31 2019-03-31
Investments -24634.00000M -802.00000M -2305.00000M 1318.00M 4430.00M
Change to liabilities 0.00000M 73.00M -299.00000M -32.00000M -296.00000M
Total cashflows from investing activities -24634.00000M -10582.00000M -10542.00000M -532.00000M 6775.00M
Net borrowings 16494.00M 9603.00M 3213.00M 10286.00M -3761.00000M
Total cash from financing activities 28267.00M 4138.00M -2060.00000M -766.00000M -13142.00000M
Change to operating activities - 114.00M -22.00000M 25.00M 8.00M
Net income 16299.00M 8136.00M 1844.00M -16591.00000M 21801.00M
Change in cash 11208.00M 249.00M -5347.00000M 5183.00M -470.00000M
Begin period cash flow 2779.00M 2530.00M 7877.00M 2694.00M 3164.00M
End period cash flow 13987.00M 2779.00M 2530.00M 7877.00M 2694.00M
Total cash from operating activities 7641.00M 6698.00M 7078.00M 6589.00M 5941.00M
Issuance of capital stock 18813.00M - - - -
Depreciation 94.00M 84.00M 91.00M 75.00M 22.00M
Other cashflows from investing activities 125.00M 116.00M 138.00M 188.00M 92.00M
Dividends paid -5050.00000M -4405.00000M -3966.00000M -5930.00000M 5517.00M
Change to inventory - - - - 0.00000M
Change to account receivables - -411.00000M -130.00000M -300.00000M -90.00000M
Sale purchase of stock -407.00000M -82.00000M -379.00000M -4240.00000M -3216.00000M
Other cashflows from financing activities 39176.00M 24286.00M 19743.00M 24878.00M 14715.00M
Change to netincome -7904.00000M -56.00000M 6253.00M 23943.00M -14032.00000M
Capital expenditures 62.00M 28.00M 37.00M 583.00M 49.00M
Change receivables - - - - 0.00000M
Cash flows other operating - - - - 0.00000M
Exchange rate changes - - - - 0.00000M
Cash and cash equivalents changes - - - - 0.00000M
Change in working capital -6.00000M -224.00000M -451.00000M -307.00000M -378.00000M
Stock based compensation - - - - -
Other non cash items -8746.00000M -1298.00000M 5594.00M 23412.00M -15504.00000M
Free cash flow 7579.00M 6670.00M 7041.00M 6006.00M 5892.00M

Peer Comparison

Sector: Real Estate Industry: REIT - Retail

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
LKREF
Link Real Estate Investment Trust
- -% 4.40 - 15.77 1.14 0.61 1.54 26.84
SPG
Simon Property Group Inc
0.21 0.12% 171.72 21.31 24.69 9.77 16.15 12.96 14.98
O
Realty Income Corporation
-0.12 0.23% 52.69 43.10 43.67 10.55 1.30 15.84 18.03
KIM
Kimco Realty Corporation
0.15 0.64% 23.43 30.65 29.76 7.61 1.41 11.27 15.81
REG
Regency Centers Corporation
0.79 1.07% 74.00 28.74 31.85 7.94 1.59 11.61 17.46

Reports Covered

Stock Research & News

Profile

Link Real Estate Investment Trust, managed by Link Asset Management Limited, is the largest REIT in Asia, and a leading real estate investor and asset manager in the world. Listed in 2005 as the first REIT in Hong Kong, Link has been 100% held by public and institutional investors, and has no controlling unitholder. We invest and manage a diversified portfolio comprising retail facilities, car parks, offices and logistics centres. With our home in Hong Kong, our properties located in China's Beijing, Greater Bay Area (Hong Kong, Guangzhou and Shenzhen), and Yangtze River Delta centred around Shanghai, the UK's London and Australia's Sydney and Melbourne. We seek to extend our portfolio growth trajectory and grasp expansion opportunities in different markets in pursuit of being a world class real estate investor and manager. Asset management, portfolio management and capital management are three pillars of our management. We are committed to integrating Environment, Social and Governance (ESG) considerations into our strategy and daily operations.

Link Real Estate Investment Trust

Tower 1, Kwun Tong, Hong Kong

Key Executives

Name Title Year Born
Mr. Kwok Lung Hongchoy CEO & Exec. Director of Link Asset Management Limited 1962
Mr. Kok Siong Ng CFO & Exec. Director of Link Asset Management Limited 1971
Mr. Hubert Chak Director of Fin. 1961
Mr. Tai Lun Wong Chief Legal Officer & Company Sec. of Link Asset Management Limited 1970
Mr. Seng Yum Tham Chief Corp. Devel. Officer of Link Asset Management Limited 1970
Ms. Yuen Fan Ng Managing Director of HR of Link Asset Management Limited 1964
Mr. Man Keung Ng Managing Director of Fin. of Link Asset Management Limited 1972
Ms. Suk Han Chan Chief Investment Officer of Asia - Link Asset Management Limited 1975
Mr. Yip Sang Fok Managing Director of Leasing (HK) of Link Asset Management Limited 1967
Mr. Hon Keung Wong Managing Director of Project & Operations (HK) of Link Asset Management Limited 1965

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