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Link's Chairman Nicholas Allen (second from right). Executive Director and Chief Executive Officer George Hongchoy (second from left), Executive Director and Chief Financial Officer Kok-siong Ng (right), and Chief Operating Officer Ex. Mainland China Greg Chubb (left) announced Link REIT's 2023/2024 interim results and responded to media questions at a news conference (Photo from Link)
Link REIT's 6-month net property income rises 10.4%
The addition of Singapore retail assets to the REIT's portfolio helped boost its NPI.
Link Asset Management Limited's (Link) revenue and net property income grew in the six months ended 30 September.
The REIT reported an 11.3% YoY and 10.4% YoY growth, respectively.
Link attributed its improved revenue and NPI to the addition of Singapore retail assets to its portfolio and the full-period income of its Australia retail assets and Mainland China logistics assets.
In the same period, Link reported a 1.7% YoY higher distributable amount of $3.3b and a 0.4% YoY higher fully diluted interim distribution per unit (DPU) of 130.08 cents.
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