Link Real Estate Investment Trust stock
0823.HKHKSEReal EstateISIN HK0823032773
44Score 44 out of 100, Weak
Price and trend
76 / 100
Price history
−1.3% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 8.8% above it.
Since May 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Overheated: the price has risen very quickly lately (RSI 77).
The price is 1.8% below its 52-week high. Largest decline in 20 years: 69% (June 2019 to July 2024).
Chart figures for advanced users
- SMA 50$4.86
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$4.84
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)77
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$4.34
- The lowest closing price of the last twelve months.
- Resistance$5.37
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Link Real Estate Investment Trust belongs to the REIT (Retail) industry (Hong Kong SAR China) and, with a market value of $13.84B, is number 6 of 36 companies in its industry on MEQIRI.
- In fiscal 2026 it reported revenue of $1.78B (down 1.5% year on year) and a loss of $938.92M.
- For fiscal 2027, analysts expect on average revenue of $1.74B (down 2.1%) and adjusted earnings per share of $2.48.
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- MEQIRI Score 44 out of 100 (Weak): rank 263 of 325 in Real Estate, median 55.
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $5.08, with the price 4% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High dividend yieldDividend yield 6.11%, Real Estate sector median 3.46%.
Weaknesses
- Loss-makingLoss of $938.92M over the last 12 months.Fundamentals 41
- DilutionShare count up 22% since 2021.Capital allocation 30
- Turned to a lossEarnings per share from $0.07 in 2021 to −$0.36.Growth 34
Its standout strength is technical analysis, while profitability and capital allocation hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk not measured
How well MEQIRI warnsFor stocks from Japan, China, Hong Kong, Taiwan, Korea, Canada, India and Brazil we only show crash risk once a separate backtest shows that it warns as well there as in the US and Europe.
Valuation
Valuation signal
Fairly valuedIn our model the price counts as cheap below $4.23 and expensive above $6.35 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $5.80 (cash-flow model) and $4.35 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $4.60, at 7.8% it would be $5.80.
Valuation metrics
Half from the cash-flow model, half from operating cash flow per share times the median price to cash flow of the REIT industry (13). For the fair value, FFO only counts when it is in line with operating cash flow. That is not the case here, for example because the REIT carries its properties at market value, records little depreciation or a gain on sale sits in earnings. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 5% of revenue. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In fiscal 2026, revenue fell 1.5% on the prior year. Revenue has grown solidly since 2007, at about 7% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2026: gross 72%, operating 67%, net −53%.
Debt & balance sheet
latest quarterDebt is moderate, but interest coverage is weak. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 2 Jun 2027in 201 days
- Last reported
- 12 Nov 2026EPS reported $0.04 (expected $0.16)below expectations
Analyst estimates
Analysts have raised their 2027 earnings estimate by 683.8% since 26 Oct 2026.
- Earnings per share
- $2.48+683.8%
- Revenue
- $1.74B+0.1%
- Earnings per share
- $2.48+681.3%
- Revenue
- $1.75B+0.2%
MEQIRI has stored the estimates since 26 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at Link Real Estate Investment Trust
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
325 rated companies in Real Estate
- This company
- 44
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Retail)
The next larger and next smaller companies by market value
- Realty IncomeO $56.36B59
- Kimco RealtyKIM $16.92B65
- Unibail-Rodamco-WestfieldURW.PA $14.92B56
- Regency CentersREG $13.87B61
- Federal Realty Investment TrustFRT $9.78B63
- Brixmor Property GroupBRX $9.28B68
- Agree RealtyADC $8.99B62
- NNN REITNNN $7.94B55
ETFs that hold Link Real Estate Investment Trust
Held by 66 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares Asia Property Yield UCITS ETFIQQ4 | 4.23% | 0.59% | €170.98M |
| VanEck Global Real Estate UCITS ETFTRET | 0.98% | 0.25% | €475.95M |
| State Street SPDR Dow Jones Global Real Estate UCITS ETF (Dist)SPYJ | 0.81% | 0.40% | €331.25M |
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| iShares Developed Markets Property Yield UCITS ETFIQQ6 | 0.79% | 0.59% | €813.1M |
| HSBC FTSE EPRA NAREIT Developed UCITS ETFH4ZL | 0.67% | 0.24% | €3.37B |
| UBS FTSE EPRA Nareit Developed Green UCITS ETF USD disCSYZ | 0.66% | 0.25% | €207.65M |
| Amundi FTSE EPRA NAREIT Global UCITS ETF Dist10AJ | 0.66% | 0.24% | €606.07M |
| iShares Core MSCI Pacific ex-Japan UCITS ETFSXR1 | 0.62% | 0.20% | €3.8B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = HK$7.8782)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 8 Aug 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.