141 views
Photo from Shutterstock

Link REIT widens losses to $3.7b in H1 despite higher NPI

NPI rose by 5.8% YoY.

Link REIT widened its losses attributable to unitholders to $3.7b  in H1 FY 2023/2024 from $3.4b in the previous year despite reporting higher revenue and net property income (NPI).

In H1, the REIT reported a 6.4% YoY higher revenue of $7.2b and a 5.8% YoY increase in NPI to reach $5.4b.

The increases, however, failed to offset the effects of the REIT's declining fair value.

In H1, the valuation of the REIT's investment property portfolio fell by 2.1% compared to 31 March 2024 to $231.1b.

The REIT attributed the decline to capitalisation rate expansion for most properties.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!