Link REIT (0823) Financial Ratio Screen

HKSE Real Estate Hong Kong HKD 94082M
FINANCIAL SCREEN PASSED*
Automated financial screen · activity assessed separately
Link REIT (0823) passes all available checks in 2 implemented financial-ratio model(s). Its activity assessment is still in progress; this is not a Shariah verdict. Its debt proxy is 23.1% against the model threshold of 30%. The supplied classification is Real Estate (REIT - Retail); mixed activities and revenue segments remain part of the activity assessment.

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MSCI new-inclusion financial-ratio snapshot

0823 financial screening at a glance

FINANCIAL SCREEN PASSED*Financial ratios shown separately from business review — not a fatwa
Debt ratio
23.1%
Pass vs 30%
Cash ratio
1.4%
Pass vs 30%
Receivables + cash
1.5%
Pass vs 30%
Impermissible income
1.6%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: March 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria passedActivity is assessed separately
FTSE/Yasaar-styleFinancial criteria passedActivity is assessed separately
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodMarch 2025Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (REIT - Retail) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Link Real Estate Investment Trust (Link REIT) is the largest REIT in Asia by many measures including asset value. Managed by Link Asset Management Limited (Link), a leading, independent and fully-integrated real estate investor and manager focusing on the APAC region, Link REIT has been entirely owned by independent investors since its listing in November 2005 as the first REIT in Hong Kong. After initially acquiring a portfolio of shopping centres and car parks in Hong Kong valued at around HK$33 billion at the time of its IPO, Link has grown and diversified the Link REIT's property portfolio. Today, the portfolio includes retail facilities, car parks, offices, and logistics assets which span Hong Kong, Mainland China, Australia, Singapore, and the UK, with a total valuation of around HK$226 billion (As at 31 March 2025). Link aims to further grow and diversify the Link REIT portfolio to continue delivering resilient returns and growth to Unitholders. Link REIT is a constituent of the Hong Kong securities market benchmark Hang Seng Index, as well as a component of the Dow Jones Sustainability Asia Pacific Index, the FTSE4Good Index Series and the Hang Seng Corporate Sustainability Index. Asset management, portfolio management and capital management are three pillars of our management strengths. We are committed to integrating Environment, Social and Governance (ESG) considerations into our strategy and daily operations.

Sources to verify: Secondary company profile and classification · Issuer website

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from March 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 23.1%
/ 30%
1.4%
/ 30%
1.5%
/ 30%
1.57%
/ 5%
FINANCIAL SCREEN PASSED*
FTSE 23.1%
/ 33%
1.4%
/ 33%
1.5%
/ 50%
1.57%
/ 5%
FINANCIAL SCREEN PASSED*

Financial Highlights

EPS
$-2.63
Dividend Yield
730.0%
Payout: 42.3%
P/B Ratio
0.6
EV/EBITDA
15.3
EV: $147.3B
Revenue
$14.2B
Growth: 5.1%
Beta
0.9
Average volatility
Current Ratio
0.4

Profitability

Gross Margin 76.1%
Operating Margin 67.3%
Net Margin -48.0%
Return on Equity (ROE) -4.4%
Return on Assets (ROA) 2.6%

Cash Flow & Balance Sheet

Operating Cash Flow$9.0B
Free Cash Flow$8.9B
Total Debt$52.9B
Debt-to-Equity36.2
Current Ratio0.4
Total Assets$229.2B

Price & Trading

Last CloseHKD 35.98
50-Day MAHKD 36.65
200-Day MAHKD 39.19
Avg Volume12.7M
Beta0.9
52-Week Range
HKD 32.65
HKD 45.05

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period March 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Link REIT (0823)

CEO
Mr. Kok Siong Ng
Employees
1,441
Sector
Real Estate
Industry
REIT - Retail
Country
Hong Kong
Exchange
HKSE
Market Cap (listing currency)
HKD 94082M
Currency
HKD

Link Real Estate Investment Trust (Link REIT) is the largest REIT in Asia by many measures including asset value. Managed by Link Asset Management Limited (Link), a leading, independent and fully-integrated real estate investor and manager focusing on the APAC region, Link REIT has been entirely owned by independent investors since its listing in November 2005 as the first REIT in Hong Kong. After initially acquiring a portfolio of shopping centres and car parks in Hong Kong valued at around HK$33 billion at the time of its IPO, Link has grown and diversified the Link REIT's property portfolio. Today, the portfolio includes retail facilities, car parks, offices, and logistics assets which span Hong Kong, Mainland China, Australia, Singapore, and the UK, with a total valuation of around HK$226 billion (As at 31 March 2025). Link aims to further grow and diversify the Link REIT portfolio to continue delivering resilient returns and growth to Unitholders. Link REIT is a constituent of the Hong Kong securities market benchmark Hang Seng Index, as well as a component of the Dow Jones Sustainability Asia Pacific Index, the FTSE4Good Index Series and the Hang Seng Corporate Sustainability Index. Asset management, portfolio management and capital management are three pillars of our management strengths. We are committed to integrating Environment, Social and Governance (ESG) considerations into our strategy and daily operations.

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Frequently Asked Questions

Is Link REIT (0823) halal to invest in?

The current automated result is Financial screen passed; activity assessment pending. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Link REIT's debt ratio?

Link REIT's debt ratio is 23.1% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Link REIT's key financial metrics?

Link REIT has a market capitalization of HKD 94082M in its listing currency, and revenue of $14.2B. The company maintains a gross margin of 76.1% and a net margin of -48.0%. Return on equity stands at -4.4%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: March 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.