0701 GMT - Link Real Estate Investment Trust's rental rates in Hong Kong are likely to stabilize in FY 2028, says CGS International's Steven Mak in a note. The REIT's rate in rents renewed in the city declined more than the analyst projected, and its retail sales underperforming peers. A low base is likely to help its rent rates stabilize by FY 2028, he says. Still, potentially delayed interest-rate cuts due to higher inflation risks are likely to keep Link REIT's borrowing costs higher than previously expected, he says. He trims his FY 2026-FY 2028 distribution per unit estimates by 1.0%-2.0%. CGSI cuts its target price to HK$40.10 from HK$41.00, but reiterates its add rating thanks to its likely 7.0% dividend yield. Units rise 1.2% to HK$37.44.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 18, 2026 03:01 ET (07:01 GMT)

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