Link Real Estate Investment Trust

OTCPK:LKRE.F Stock Report

Market Cap: US$10.6b

Link Real Estate Investment Trust Valuation

Is LKRE.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LKRE.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$6.15
Fair Value
31.7% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: LKRE.F ($4.2) is trading below our estimate of fair value ($6.15)

Significantly Below Fair Value: LKRE.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LKRE.F?

Key metric: As LKRE.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for LKRE.F. This is calculated by dividing LKRE.F's market cap by their current revenue.
What is LKRE.F's PS Ratio?
PS Ratio6.2x
SalesHK$13.34b
Market CapHK$82.89b

Price to Sales Ratio vs Peers

How does LKRE.F's PS Ratio compare to its peers?

The above table shows the PS ratio for LKRE.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.8x
FRT Federal Realty Investment Trust
7.8x4.4%US$9.3b
REG Regency Centers
8.7x1.5%US$13.1b
BRX Brixmor Property Group
6.2x4.4%US$8.0b
NNN NNN REIT
8.5x4.2%US$7.4b
LKRE.F Link Real Estate Investment Trust
6.2x3.7%US$82.9b

Price-To-Sales vs Peers: LKRE.F is good value based on its Price-To-Sales Ratio (6.2x) compared to the peer average (7.8x).

Price to Sales Ratio vs Industry

How does LKRE.F's PS Ratio compare vs other companies in the US Retail REITs Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
RVIC Retail Value
0.1xn/aUS$5.72m
PRET.Q Pennsylvania Real Estate Investment Trust
0.01xn/aUS$2.98m
WHLR Wheeler Real Estate Investment Trust
0.02xn/aUS$2.35m
No more companies available in this PS range
LKRE.F 6.2xIndustry Avg. 6.8xNo. of Companies6PS03.26.49.612.816+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: LKRE.F is good value based on its Price-To-Sales Ratio (6.2x) compared to the US Retail REITs industry average (6.8x).

Price to Sales Ratio vs Fair Ratio

What is LKRE.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LKRE.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate LKRE.F's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LKRE.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$4.20
US$5.52
+31.3%
7.3%US$6.29US$4.75n/a16
Jan ’26US$4.10
US$5.62
+37.0%
6.3%US$6.30US$5.06n/a16
Dec ’25US$4.40
US$5.62
+27.7%
6.3%US$6.30US$5.06n/a16
Nov ’25US$4.70
US$5.63
+19.7%
5.1%US$5.98US$4.89n/a16
Oct ’25US$5.08
US$5.54
+9.1%
6.3%US$5.98US$4.58n/a16
Sep ’25US$4.67
US$5.48
+17.4%
7.1%US$5.96US$4.56n/a16
Aug ’25US$4.30
US$5.45
+26.6%
8.7%US$5.96US$4.03n/a16
Jul ’25US$3.75
US$5.49
+46.4%
8.8%US$6.00US$4.03n/a16
Jun ’25US$4.25
US$5.52
+30.0%
8.8%US$6.01US$4.03n/a16
May ’25US$4.35
US$6.12
+40.8%
8.3%US$7.53US$5.49n/a16
Apr ’25US$4.20
US$6.29
+49.6%
7.6%US$7.54US$5.49n/a16
Mar ’25US$4.92
US$6.35
+29.2%
6.7%US$7.54US$5.75n/a16
Feb ’25US$5.00
US$6.41
+28.3%
8.4%US$7.55US$5.37US$4.2016
Jan ’25US$5.55
US$6.17
+11.2%
10.7%US$7.55US$4.99US$4.1016
Dec ’24US$4.90
US$6.15
+25.5%
11.2%US$7.56US$4.99US$4.4016
Nov ’24US$4.75
US$6.39
+34.4%
12.6%US$7.85US$4.86US$4.7016
Oct ’24US$4.60
US$7.06
+53.5%
8.9%US$8.19US$6.14US$5.0816
Sep ’24US$4.92
US$7.12
+44.7%
8.4%US$8.16US$6.12US$4.6717
Aug ’24US$5.60
US$7.31
+30.6%
8.0%US$8.21US$6.16US$4.3017
Jul ’24US$5.54
US$7.36
+32.8%
6.5%US$8.17US$6.46US$3.7517
Jun ’24US$5.92
US$7.40
+25.0%
6.6%US$8.17US$6.46US$4.2517
May ’24US$6.47
US$7.91
+22.2%
7.6%US$9.81US$7.01US$4.3517
Apr ’24US$6.37
US$7.92
+24.4%
7.8%US$9.81US$7.18US$4.2015
Mar ’24US$6.66
US$8.09
+21.4%
8.8%US$9.81US$7.19US$4.9213
Feb ’24US$8.00
US$8.59
+7.4%
8.5%US$10.62US$7.20US$5.0016
Analyst Price Target
Consensus Narrative from 16 Analysts
US$5.62
Fair Value
25.3% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/31 01:50
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Link Real Estate Investment Trust is covered by 43 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew LawrenceBarclays
Kwok Yi LouieBarclays
Mei Shan Esther LiuBNP Paribas Securities (Asia)