Link REIT Reports Higher DPU In Q1 2021
June 18, 2021 – Link REIT reported a 289.99 cents distribution per unit (DPU) for the period ending March 2021, up 1% from the 287.19 cents in the same period last year.
“I am pleased to report a year of positive results in the face of adversity in the global commercial property market. Although the global economy continues to grapple with the COVID-19 pandemic, we at Link have seized growth opportunities steadily over the past year and expanded our footprint in Mainland China, Sydney and London to further strengthen our diversified and resilient portfolio,” Link REIT Chairman Nicholas Allen said.
The REIT’s revenue rose to HK$10.74 billion (US$1.38 billion), 2% higher than the HK$10.72 billion in the same period last year.
“The pandemic and the market challenges have highlighted the importance of sustainability to businesses. We have put this firmly on our radar for portfolio management and have made an ambitious pledge to achieve Net Zero carbon emission by 2035. We are committed to establishing a greener footprint while maintaining the productivity of our portfolio,” Link REIT CEO George Hongchoy said.
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