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 (left), and Chief Operating Officer Ex. Mainland China Greg Chubb (right) announced Link REIT’s 2023/2024 annual results [Photo from Link REIT]

Singapore assets boost Link REIT FY24 NPI by 9.5% YoY

Despite improved NPI, the REIT’s full-year DPU fell to HK$2.6265 (S$0.45).

The addition of Singapore retail assets to Link’s portfolio boosted the REIT’s revenue and net property income (NPI) by 11.0% and 9.5%, respectively, in FY24.

Revenue for the period was HK$13.6m (S$2.4m) whilst NPI was HK$10.1m (S$1.75m). 

The REIT also attributed its improved financial performance to the full-period income contribution of its Australia retail assets and Mainland China logistics assets.

Meanwhile, the REIT also recorded a 6.4% YoY higher distributable income of HK$6.7m (S$1.2m).

The REIT’s final distribution per unit (DPU) for the year also rose 11.6% YoY to HK$1.3257 (S$0.23), bringing the full-year DPU to HK$2.6265 (S$0.45).

Compared to FY23,  the FY24 full-year DPU was 4.3% YoY lower.

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!