Singapore assets boost Link REIT FY24 NPI by 9.5% YoY

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pstrongDespite improved NPI, the REIT’s full-year DPU fell to HK$2.6265 (S$0.45)./strong/p pThe addition of Singapore retail assets to Link’s portfolio boosted the REIT’s revenue and net property income (NPI) by 11.0% and 9.5%, respectively, in FY24./p pRevenue for the period was HK$13.6m (S$2.4m) whilst NPI was HK$10.1m (S$1.75m).

Link’s Chairman Nicholas Allen , Executive Director and Chief Executive Officer George Hongchoy , Executive Director and Chief Financial Officer Kok-siong Ng , and Chief Operating Officer Ex. Mainland China Greg Chubb announced Link REIT’s 2023/2024 annual results Despite improved NPI, the REIT’s full-year DPU fell to HK$2.6265 .

The addition of Singapore retail assets to Link’s portfolio boosted the REIT’s revenue and net property income by 11.0% and 9.5%, respectively, in FY24.The REIT also attributed its improved financial performance to the full-period income contribution of its Australia retail assets and Mainland China logistics assets.The REIT’s final distribution per unit for the year also rose 11.6% YoY to HK$1.3257 , bringing the full-year DPU to HK$2.6265 ....

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