Link's Chairman Nicholas Allen (second from right). Executive Director and Chief Executive Officer George Hongchoy (second from left), Executive Director and Chief Financial Officer Kok-siong Ng (right), and Chief Operating Officer Ex. Mainland China Greg Chubb (left) announced Link REIT's 2023/2024 interim results and responded to media questions at a news conference (Photo from Link)

Link REIT's 6-month net property income rises 10.4%

The addition of Singapore retail assets to the REIT's portfolio helped boost its NPI.

Link Asset Management Limited's (Link) revenue and net property income grew in the six months ended 30 September.

The REIT reported an 11.3% YoY and 10.4% YoY growth, respectively. 

Link attributed its improved revenue and NPI to the addition of Singapore retail assets to its portfolio and the full-period income of its Australia retail assets and Mainland China logistics assets.

In the same period, Link reported a 1.7% YoY higher distributable amount of $3.3b and a 0.4% YoY higher fully diluted interim distribution per unit (DPU) of 130.08 cents.

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!

Exclusives

Hong Kong's independent director caps face opposition
About 1,500 lingering and 23 overboarding INEDS in 810 and 181 firms are in the spotlight.
Markets
AIA offers welcoming, campus-inspired workplace
The insurance group’s headquarters in Hong Kong has an indoor track, gym and sports hall.
Insurance
Startup Surge Motion eyes US expansion 
The company is pioneering a technology in fall prevention for the elderly.
OKOSIX eyes $5m funding to increase reach
The green-tech startup will use the funds to apply for global patents and scale production.