Link Real Estate Investment Trust Appointment of new CEO

研报英文原文证据摘录

Link Real Estate Investment Trust Appointment of new CEO

Global Research

6 July 2026ab

First Read

EquitiesLink Real Estate Investment Trust

Appointment of new CEO Hong Kong

Real Estate

12-month rating Buy

New CEO to assume role on 1 March 2027

Link today announced the appointment of Mr. Neil Andrew Slater (“Slater”) as Chief 12m price target HK$47.20

Executive Officer, effective 1 March 2027. Since October 2023, Slater has served as CEO,

Co-CIO and Chair of the Investment Committee at Redevco, one of Europe’s largest

Price (03 Jul 2026) HK$37.92

owners and operators of retail real estate. Prior to this, he was Global Head of Real

Assets Real Estate at Aberdeen Investments, and also has prior working experience in RIC: 0823.HK BBG: 823 HK

Japan. According to the announcement, Slater’s total remuneration package will Trading data and key metrics

amount to HK$60mn, comprising a HK$9mn annual base salary, HK$13.5mn

52-wk range HK$44.60-34.20

guaranteed short-term incentive, HK$13.5mn one-off sign-on bonus, and HK$24mn

Market cap. HK$98.6b/US$12.6b

long-term incentive. Excluding the one-off sign-on bonus, his total compensation is HK

Shares o/s 2,599m (ORD)

$46.5mn, compared with former CEO George Hongchoy’s HK$51mn/HK$54mn in

FY25/FY26. During the briefing call, Link reiterated its strategic focus on owning and Free float 100%

actively managing retail malls and car parks across APAC, with no intention to expand Avg. daily volume ('000) 11,519

into Europe. The company will continue to pursue non-core asset disposals and share Avg. daily value (m) HK$445.7

buybacks. While balance sheet investment remains the core approach for new Common s/h equity (03/27E) HK$152b

investments, management indicated that joint ventures and partnerships may be used P/BV (03/27E) 0.6x