每基金单位分派 126 88 港仙 按年 = 5.9% 2025/2026 中期业绩 应对市况挑战 领展房托展现韧力 收益 70.23亿港元 按年 = 1.8% 物业收入净额 51 78 亿港元 按年 = 3.4% ESTIST 收益 物 | 收入净额 9 29 亿 女 +4.7% •澳大利亚零售物业组合的续租租金调整率达16.3% · 租用率维持 在98.1%的健康水平 ·完成广州天河领展广场及北京通州领展广场的主要资产提升项目 ·上海的办公楼物业租用率维持稳定达96.0%,表现优于区内 平均水平 ·物流物业平均租用率为96.6%·具竞争力的地理位置有效抵御了 新增市场供应的影响 · 新加坡的零售资产裕廊坊及Swing By @ Thomson Plaza · 租用率及续租租金调整率分别录得99.8%及12.9% *变幅以港币计算 截至2025年9月30日数据 净负债比率 22.5% 每基金单位资产净值 61.19港元 香港 收益 物业收入净额 8:55 亿港元 5 106 乙港元 按年-2.4% 按年-3.7% · 零售物业组合维持97.6%的稳健租用率,反映领展社区商业资产 的优越位置 · 以及有效的资 ...

Core Viewpoint - The transformation of Lok Fu Market represents a significant achievement in Link REIT's (0823.HK) over 100 asset enhancement projects, redefining the market experience in Hong Kong and showcasing the company's commitment to improving community retail spaces [3][6][8]. Group 1: Company Overview - Link REIT has evolved from managing public housing retail properties to becoming the largest REIT in Asia, with a portfolio of 154 assets valued at HKD 226 billion as of March 31, 2025 [6][7]. - The company was established in 2005 as Hong Kong's first REIT, focusing on enhancing operational efficiency and generating stable rental income rather than selling properties [7][8]. - Link REIT's asset portfolio includes various categories such as retail, office, parking, and logistics, with geographical diversification across Hong Kong, mainland China, Singapore, Australia, and the UK [7][8]. Group 2: Asset Enhancement Strategy - Link REIT's asset enhancement strategy involves modernizing older properties to improve their appeal and operational efficiency, with an average investment return rate of 18% across over 100 completed projects [17]. - The company emphasizes creating a "cultural living circle" tailored to the community's demographics and cultural characteristics, transforming shopping centers into more than just retail spaces [9][17]. - The transformation of Lok Fu Market and other properties incorporates innovative design elements and community engagement strategies, enhancing the overall shopping experience [8][9]. Group 3: Expansion and Market Position - Since 2014, Link REIT has expanded its focus from organic growth to external diversification, entering new markets and asset classes, including office and logistics properties [17][18]. - The company has successfully entered the mainland Chinese market, implementing a dual strategy of brand positioning and community engagement to adapt to local consumer preferences [19][24]. - By 2023, Link REIT introduced the "Link 3.0 Strategy," transitioning to a comprehensive asset manager that combines traditional REIT operations with private fund management, aiming for sustainable returns through external capital [18][19].