McDonald's(US:MCD) 凤凰网财经·2025-07-29 15:32Core Viewpoint - McDonald's plans to sell eight retail properties in Hong Kong, with a total market value of approximately HKD 1.2 billion, as part of a phased strategy to divest all its properties in the region, which are valued at over HKD 3 billion [1][2]. Group 1: Property Sale Details - The eight properties for sale are located in key areas such as Tsim Sha Tsui, Causeway Bay, and Mong Kok, and have been held by McDonald's for several decades, with some properties being over 50 years old [2][3]. - The properties have a total rental occupancy rate of 100%, with McDonald's restaurants operating in each location, and some properties also housing other retail tenants [2][3]. - The sale is being managed by JLL, which indicates that the properties will continue to operate as McDonald's restaurants post-sale, providing stable rental income for potential investors [3]. Group 2: Market Context and Implications - The current valuation of retail properties in Hong Kong is low, prompting McDonald's to sell at this time, despite its significant rental income from properties globally [2][5]. - The overall market for commercial properties in Hong Kong has been under pressure, with rising vacancy rates and declining rental prices due to economic challenges [5][6]. - McDonald's has historically been recognized as a significant player in real estate, with rental income accounting for nearly 38.65% of its total revenue in 2024, amounting to USD 10.017 billion [8][9].