Link Real Estate Investment Trust : Corporate Presentation Published in October 2023
October 05, 2023 at 03:17 am EDT
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Corporate Presentation
October 2023
Agenda
01
Overview
3
02
Operational Update
6
03
Capital Management
17
04
Strategy Update
20
05 Q&A
24
Jurong Point, Singapore
Economic Environment Remains Challenging due to Higher Interest Rate
Mitigation to limit impact
C H A L L E N G E S
A confluence of factors - interest rate hikes, persistent high underlying inflation, geopolitical tensions, deglobalisation and climate change - continue to weigh on global outlook as the state of disequilibrium persists
As a result of the tightened financial conditions, higher borrowing costs and the reduction in consumption and investment will impede the pace of growth
IMPACT ON LINK
MITIGATION
▪
Portfolio management
▪ Improving the operational cashflow
of our business
▪
Asset valuation
▪ Using hedging and swaps to reduce
▪
Capital management
volatility
▪
Financing cost
▪ Diversify into asset-lighterbusiness
to bolster growth
4
Portfolio Overview - Recovery in Progress
5
Business activities gathered pace amid persistent interest rate hikes
130 properties
Hong Kong
HK$ 248B(1)
12 properties
Portfolio Value
Mainland China
Global
12 properties
Interest rate hovered at high levels
AU, SG & the UK
Retail
Hong Kong
74.1%
52.4%
Retail sales posted a gradual recovery
18.8%
Car Parks and
Hong Kong
Related Business
Office
2.9%
14.4%
Mainland China
11.5%
AU, SG & the UK
10.6% Retail
2.6% Office
1.2% Logistics
6.7% Retail
4.8% Office
Mainland China
Economic revival is still in progress
International
Positive signs of leasing demand despite slower sentiment
Notes:
As at 31 March 2023, the total valuation of investment properties, plus 50% value of Qibao Vanke Plaza, 49.9% value in the prime office portfolio in Sydney and Melbourne, and the agreed property value in Mainland China logistics assets in Changshu which was announced on 12 May 2022, on a pro-forma basis.
Including two car park/car service centres and godown buildings in Hong Kong.
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Disclaimer
The Link Real Estate Investment Trust published this content on 05 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2023 07:16:14 UTC.
The Link Real Estate Investment Trust is the leader in handling and management of real estate properties in Hong Kong.
At the end of March 2021, the real estate portfolio of the group, amounted, in market value, to HKD 199.1 billion broken down by type of assets between commercial premises (72.6%), car parks (15.7%) and offices (11.7%).