Hong Kong Retail REITs' Valuations Remain Reasonable -- Market Talk

Dow Jones

01/07

0241 GMT - Hong Kong retail-focused real-estate investment trusts' valuations remain reasonable, say DBS Group Research analysts in a note. The city's retail sector showed signs of improvement in late 2025, but the extent of the recovery varied across subsectors, they note. Discretionary spending saw a decent uptick last year, but brick-and-mortar stores selling daily essentials and other household items continued to face challenges from online commerce. Still, they say the valuations of Link REIT and Fortune REIT remain attractive with prospective dividend yields of 7.3% and 7.7%, respectively, despite near-term headwinds from lower rates of rents renewed. "Over the longer term, population growth and minimum wage increases should serve as key demand drivers for nondiscretionary retail in Hong Kong," the analysts add. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

January 06, 2026 21:41 ET (02:41 GMT)

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The city's retail sector showed signs of improvement in late 2025, but the extent of the recovery varied across subsectors, they note. Discretionary spending saw a decent uptick last year, but brick-and-mortar stores selling daily essentials and other household items continued to face challenges from online commerce. Still, they say the valuations of Link REIT and Fortune REIT remain attractive with prospective dividend yields of 7.3% and 7.7%, respectively, despite near-term headwinds from lower rates of rents renewed. \"Over the longer term, population growth and minimum wage increases should serve as key demand drivers for nondiscretionary retail in Hong Kong,\" the analysts add. 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The city's retail sector showed signs of improvement in late 2025, but the extent of the recovery varied across subsectors, they note. Discretionary spending saw a decent uptick last year, but brick-and-mortar stores selling daily essentials and other household items continued to face challenges from online commerce. Still, they say the valuations of Link REIT and Fortune REIT remain attractive with prospective dividend yields of 7.3% and 7.7%, respectively, despite near-term headwinds from lower rates of rents renewed. \"Over the longer term, population growth and minimum wage increases should serve as key demand drivers for nondiscretionary retail in Hong Kong,\" the analysts add. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 06, 2026 21:41 ET (02:41 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA","symbol_name":"VictoryShares US 500 Volatility Wtd ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2601987828","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601987828","pubTimestamp":1767753660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0241 GMT - Hong Kong retail-focused real-estate investment trusts' valuations remain reasonable, say DBS Group Research analysts in a note. The city's retail sector showed signs of improvement in late 2025, but the extent of the recovery varied across subsectors, they note. Discretionary spending saw a decent uptick last year, but brick-and-mortar stores selling daily essentials and other household items continued to face challenges from online commerce. Still, they say the valuations of Link REIT and Fortune REIT remain attractive with prospective dividend yields of 7.3% and 7.7%, respectively, despite near-term headwinds from lower rates of rents renewed. \"Over the longer term, population growth and minimum wage increases should serve as key demand drivers for nondiscretionary retail in Hong Kong,\" the analysts add. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFA":"VictoryShares US 500 Volatility Wtd ETF","CFA.SI":"NikkoAM-STC Asia REIT","00778":"置富产业信托","BK1521":"挪威政府全球养老基金持仓","03121":"华夏亚太房地产","BK1098":"零售业房地产投资信托","BK1256":"零售房地产信托","00823":"领展房产基金"},"translate_title":"香港零售房地产投资信托基金估值仍然合理——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":1.5,"03121":0.6,"CFA":1.5,"00823":0.9,"00778":0.9},"content_text":"0241 GMT - Hong Kong retail-focused real-estate investment trusts' valuations remain reasonable, say DBS Group Research analysts in a note. The city's retail sector showed signs of improvement in late 2025, but the extent of the recovery varied across subsectors, they note. Discretionary spending saw a decent uptick last year, but brick-and-mortar stores selling daily essentials and other household items continued to face challenges from online commerce. Still, they say the valuations of Link REIT and Fortune REIT remain attractive with prospective dividend yields of 7.3% and 7.7%, respectively, despite near-term headwinds from lower rates of rents renewed. \"Over the longer term, population growth and minimum wage increases should serve as key demand drivers for nondiscretionary retail in Hong Kong,\" the analysts add. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 06, 2026 21:41 ET (02:41 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}