Link Real Estate Investment Trust
HKEX:823

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Link Real Estate Investment Trust
HKEX:823
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Price: 38.5 HKD -0.88% Market Closed
Market Cap: HK$100.1B

EV/EBITDA

15.1
Current
6%
More Expensive
vs 3-y average of 14.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
15.1
=
Enterprise Value
HK$142.8B
/
EBITDA
HK$9.5B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
15.1
=
Enterprise Value
HK$142.8B
/
EBITDA
HK$9.5B

Valuation Scenarios

Link Real Estate Investment Trust is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (14.3), the stock would be worth HK$36.25 (6% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-37%
Maximum Upside
No Upside Scenarios
Average Downside
13%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 15.1 HK$38.5
0%
3-Year Average 14.3 HK$36.25
-6%
5-Year Average 15 HK$38.19
-1%
Industry Average 13.8 HK$35.2
-9%
Country Average 9.6 HK$24.33
-37%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
HK$142.8B
/
Oct 2025
HK$9.5B
=
15.1
Current
HK$142.8B
/
Mar 2026
HK$9.5B
=
15
Forward
HK$142.8B
/
Mar 2027
HK$9.5B
=
15
Forward
HK$142.8B
/
Mar 2028
HK$9.6B
=
14.9
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close

Market Distribution

Higher than 71% of companies in Hong Kong
Percentile
71th
Based on 1 325 companies
71th percentile
15.1
Low
0 — 4.8
Typical Range
4.8 — 14.9
High
14.9 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 4.8
Median 9.6
70th Percentile 14.9
Max 9 749.3

Link Real Estate Investment Trust
Glance View

Link Real Estate Investment Trust, often referred to as Link REIT, is a prominent player in the Asian real estate market, known for its diverse portfolio specializing in retail properties. Founded in 2005, Link REIT emerged from a substantial privatization initiative where retail and parking facilities in public housing estates were revamped for the open market. This strategic move allowed the company to tap into a robust stream of rental income while catering to the everyday needs of city dwellers in densely populated urban areas. By acquiring retail spaces in prime locations and managing them efficiently, Link has carved a niche for itself, particularly in Hong Kong, leveraging its strong understanding of community dynamics and consumer behavior. The trust generates revenue primarily through its leasing activities, where retail space is rented out to a spectrum of tenants ranging from large chain retailers to local businesses. Ensuring these properties meet the evolving demands of both tenants and shoppers, Link REIT invests in property enhancements and utilizes sophisticated management strategies to maintain high occupancy rates and increase rental yields. Its asset management approach blends local market expertise with global best practices, helping it to consistently deliver value to unitholders. Moreover, the expansion into Mainland China and overseas markets indicates Link's ambition to diversify and capitalize on new growth opportunities, showcasing its adaptability and forward-thinking stance in an ever-competitive real estate landscape.

Intrinsic Value
38.54 HKD
Fairly Valued
Intrinsic Value
Price HK$38.5
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