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Link Real Estate Investment Trust 823.HK · HKD

Real Estate · HKEX · 🇭🇰 Hong Kong

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40.72

-0.63%

Close of 9 Nov 2026, in HKD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in HKD, from our data supplier.

FY2025

Revenue

HK$14.22bn

FY2016FY2025

Net income

−HK$8.86bn

FY2016FY2025

Free cash flow

HK$8.66bn

FY2016FY2025

Shareholders' equity

HK$163.47bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueHK$14.22bnHK$13.58bnHK$12.23bnHK$11.60bnHK$10.74bnHK$10.72bnHK$10.04bnHK$10.02bnHK$9.26bnHK$8.74bn
Gross profitHK$12.56bnHK$11.94bnHK$10.82bnHK$10.28bnHK$9.49bnHK$9.52bnHK$8.99bnHK$8.95bnHK$8.19bnHK$7.65bn
Operating incomeHK$9.70bnHK$9.30bnHK$8.54bnHK$8.26bnHK$7.81bnHK$7.80bnHK$7.28bnHK$7.25bnHK$6.65bnHK$6.14bn
Net income−HK$8.86bn−HK$1.98bnHK$15.45bnHK$6.89bnHK$1.19bn−HK$17.12bnHK$20.33bnHK$47.76bnHK$17.71bnHK$16.30bn
Diluted earnings per share-3.45-0.776.883.140.56-7.949.2921.087.707.18

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsHK$229.18bnHK$252.31bnHK$267.92bnHK$225.72bnHK$209.88bnHK$207.62bnHK$226.94bnHK$216.40bnHK$175.94bnHK$163.45bn
Cash and short-term investmentsHK$3.38bnHK$10.00bnHK$17.34bnHK$2.95bnHK$2.53bnHK$7.88bnHK$6.79bnHK$11.69bnHK$685.0mHK$454.0m
Total liabilitiesHK$65.71bnHK$73.49bnHK$78.98bnHK$63.03bnHK$51.16bnHK$47.91bnHK$38.20bnHK$37.81bnHK$37.70bnHK$36.06bn
DebtHK$55.13bnHK$63.20bnHK$69.10bnHK$53.61bnHK$42.48bnHK$38.38bnHK$27.77bnHK$28.68bnHK$30.11bnHK$29.36bn
Shareholders' equityHK$163.47bnHK$178.82bnHK$188.94bnHK$162.69bnHK$158.72bnHK$159.71bnHK$188.74bnHK$178.59bnHK$138.24bnHK$127.39bn
Shares outstanding2,569m2,561m2,243m2,191m2,127m2,157m2,188m2,265m2,299m2,269m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsHK$9.01bnHK$8.48bnHK$7.64bnHK$6.70bnHK$7.08bnHK$6.59bnHK$5.94bnHK$6.49bnHK$6.08bnHK$5.68bn
Capital spending−HK$353.0m−HK$2.75bn−HK$17.43bn−HK$9.04bn−HK$6.77bn−HK$583.0m−HK$49.0m−HK$39.0m−HK$39.0m−HK$18.0m
Free cash flowHK$8.66bnHK$5.73bn−HK$9.79bn−HK$2.34bnHK$312.0mHK$6.01bnHK$5.89bnHK$6.45bnHK$6.04bnHK$5.66bn
Dividends paid−HK$5.35bn−HK$5.40bn−HK$5.05bn−HK$4.41bn−HK$3.97bn−HK$5.93bn−HK$5.52bn−HK$5.25bn−HK$4.90bn−HK$4.37bn

Latest quarters

By quarter end

Sept 2025Mar 2025Sept 2024Mar 2024Sept 2023Jun 2023Mar 2023Dec 2022
RevenueHK$7.02bnHK$7.07bnHK$7.15bnHK$6.85bnHK$6.72bnHK$3.17bnHK$6.19bnHK$3.06bn
Gross profitHK$6.18bnHK$6.21bnHK$5.36bnHK$5.96bnHK$5.98bnHK$2.39bnHK$5.45bnHK$2.22bn
Operating incomeHK$4.72bnHK$4.79bnHK$4.92bnHK$4.62bnHK$4.68bnHK$1.50bnHK$4.29bnHK$1.64bn
Net income−HK$1.61bn−HK$5.18bn−HK$3.68bnHK$1.39bn−HK$3.37bn−HK$1.82bnHK$1.46bnHK$638.0m
Diluted earnings per share-0.62-2.01-1.440.54-1.33-0.710.630.26
Cash from operationsHK$4.25bnHK$4.61bnHK$4.40bnHK$4.44bnHK$4.04bn—HK$3.90bn—
Capital spending−HK$46.0m−HK$38.0m−HK$315.0m−HK$2.27bn−HK$487.0m—−HK$13.78bn—
Free cash flowHK$4.20bnHK$4.57bnHK$4.09bnHK$2.17bnHK$3.55bn—−HK$9.88bn—
Total assetsHK$225.98bnHK$229.18bn—HK$252.31bnHK$253.69bnHK$253.69bnHK$267.92bnHK$267.92bn
Cash and short-term investmentsHK$3.35bnHK$3.38bn—HK$10.00bnHK$13.12bnHK$3.71bnHK$17.34bnHK$13.99bn
DebtHK$47.22bnHK$47.08bn—HK$55.25bnHK$56.04bnHK$55.79bnHK$69.10bnHK$65.66bn
Shareholders' equityHK$158.31bnHK$163.47bn—HK$178.82bnHK$181.17bnHK$180.99bnHK$188.94bnHK$189.06bn

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.0%5.8%6.3%
Operating income5.5%4.5%6.4%
Net income—-12.3%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin88.1%88.3%88.4%88.4%
Operating margin68.4%69.4%70.4%70.7%
Net margin-39.0%22.3%-6.1%105.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings-10.1-42.46.418.2123.2-8.98.93.89.47.0
Price to sales6.36.28.010.813.614.218.017.918.013.1

Dividends and splits

Per share, in the currency the company pays

Paid for 20 years. Last went ex-dividend on 11 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.6433.0152.4892.9313.4192.8742.822.589
  • 1-to-1 reverse split · 18 Jun 2008

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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