Business
Link Real Estate Investment Trust : 9M FY2024/25 Operational Update Published in March 2025
Link Real Estate Investment Trust : 9M FY2024/25 Operational Update Published in March
About this update from Link Real Estate Investment Trust
[{"type":"text","content":"9M FY2024/25 Operational Update\n Presentation\n 25 March 2025\n Agenda\n 01 Highlights\n 02 Operational Update\n 03 Financial\n 04 Other Updates\n 05 Q&A\n Executive Summary\n • Highly uncertain global context with prolonged high interest rates, uncertainty around the global economy, and geopolitical tensions.\n • Outlook in our key markets looks challenging, particularly Hong Kong where retail and property sectors are undergoing structural change.\n • Link's business continues to show high level of resilience but impact nonetheless being felt in terms of pressure on rental reversions.\n • Diversification strategy has enhanced resilience of the business and earnings, and Link continues to pursue 3.0 strategy in terms of (a) active management of Link REIT portfolio, (b) expanding our real estate investment management business.\n • Launch of Link Real Estate Partners an important milestone but development of this business will take time.Navigating Shifts in Policy and Heightened Uncertainties; Divergence Amongst Key Markets5\n Geoeconomic Confrontation\n Macroeconomic Outlook for Key MarketsHong Kong\n Mainland China\n GDP: Expected real GDP to grow 2-3% in 2025(1)\n Full-year GDP target: ~5% for 2025(2) Inflation: Forecast at ~2% for 2025(2)\n Inflation: Estimated 1.5% for 2025(1)\n Policy measures: Support policy for dominant finances services for an increase in IPOs & trading volume(1)\n Policy measures: Consumption boost campaign and doubling trade-in subsidies to RMB 300 billion(2)\n Singapore\n Australia\n GDP: Growth forecast for 2025 at 1-3%(3)\n Interest rate: rate cut of 25bps to 4.1%\n in Feb 2025; RBA cautious about\n further easing\n Inflation: Forecast average 1.0-2.0% in 2025(4)\n Economy: Growth expected to pick up\n in 2025 and population growth to stay\n Retail Sales: Issuance of consumption vouchers of S$600-800 (approx. HK$3,500 - 4,600) for citizens above 21(5)\n robust (6) (7)\n Inflation: Expected inflation to slow to 2.7% by June 2025(6)\n Notes:\n (4)\n MAS Monetary Policy Statement - January 2025, Monetary Authority of Singapore, Government of Singapore\n (1) 2025-26 Budget, HKSAR Government. S&P Global, February 2025\n (5)\n Budget 2025, Ministry of Finance Singapore, Government of Singapore\n (2) News as of 5 March 2025 on Two Sessions, Bloomberg\n (6)\n Statement on Monetary Policy - Febru...