Link REIT (0823.HK): New CEO from Mar-2027; Buybacks Potentially Nearing

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Link REIT (0823.HK): New CEO from Mar-2027; Buybacks Potentially Nearing

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05 Jul 2026 22:50:34 ET │ 12 pages

Link REIT (0823.HK)

New CEO from Mar-2027; Buybacks Potentially Nearing

CITI'S TAKE

New CEO taking office from 1-Mar-2027 — Link REIT announced (6 July 2026) that

Mr. Neil Andrew Slater will join as Executive Director and CEO effective 1 March 2027.

Mr. Slater, aged 49, has been the CEO of Redevco, one of Europe’s largest privately Buy

held retail and mixed-use platforms, since October 2023. Prior to that, he was Short-Term View: Upside

Global Head of Real Estate and Real Assets at Aberdeen Investment, and was with

Price (03 Jul 26 16:10) HK$37.92Man Group earlier. His remuneration package includes a HK$9mn annual base

salary, a one-off sign-on bonus (HK$13.5mn), short-term incentive awards Target price HK$44.80

(guaranteed HK$13.5mn for FY27), and long-term incentive awards (HK$24mn). Expected share price return 18.1%

Expected dividend yield 6.5%

Constructive on the incoming CEO’s fit with Link — We view that Mr. Slater’s

experience appears aligned with Link’s strategic priorities. His track record in leading Expected total return 24.7%

Redevco’s necessity-retail leasing platform across Europe provides directly relevant Market Cap HK$98,552M

expertise for managing Link’s core HK retail portfolio. His engagement in reposition US$12,565M

and redevelopment also aligns with Link’s ongoing asset enhancement initiatives

and tenant mix optimizations. In addition, his experience in portfolio reshaping,

acquisitions, and capital allocation, gained through his previous roles, together with

his institutional real estate investment background, should underscore his ability of

asset selection, valuation, and capital recycling, in our view.