Link REIT's Potential Stake in Shopping Centers May Be New Growth Driver -- Market Talk

Dow Jones
11/20

0721 GMT - Link Real Estate Investment Trust's potential acquisition of 50% interest in three Australian shopping centers serve as a new growth driver, according to Citi analysts Cindy Li and Griffin Chan. The REIT's main Hong Kong neighborhood retail portfolio is facing challenges with mid-single-digit cuts to the rates of its renewed leases, they say in a note. Link REIT already has exposure to Australia retail, which performed soundly, they note, adding that the proposed deal could widen this exposure. Link REIT confirmed its bid to Lendlease, the entity responsible for the fund holding the stakes in the Australia shopping centers, but said no binding agreement has been signed. Citi maintains its buy rating and HK$50.00 target on Link REIT, which falls 5.8% to HK$39.06. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

November 20, 2025 02:21 ET (07:21 GMT)

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