Link Real Estate Investment Trust

OTCPK:LKRE.F Stock Report

Market Cap: US$10.9b

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

4/6

Valuation Score 4/6

  • 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.

Below Fair Value: LKRE.F ($4.18) is trading below our estimate of fair value ($4.89)

Significantly Below Fair Value: LKRE.F is trading below fair value, but not by a significant amount.

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 Ratio6.4x
SalesHK$13.34b
Market CapHK$84.90b

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 Average8.4x
FRT Federal Realty Investment Trust
8.2x4.3%US$9.8b
BRX Brixmor Property Group
7.1x4.1%US$9.0b
REG Regency Centers
9x2.1%US$13.6b
NNN NNN REIT
9.4x4.3%US$8.2b
LKRE.F Link Real Estate Investment Trust
6.4x3.8%US$84.9b

Price-To-Sales vs Peers: LKRE.F is good value based on its Price-To-Sales Ratio (6.4x) compared to the peer average (8.4x).

Price to Sales Ratio vs Industry

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

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
RVIC Retail Value
0.1xn/aUS$5.72m
WHLR Wheeler Real Estate Investment Trust
0.05xn/aUS$5.62m
PRET.Q Pennsylvania Real Estate Investment Trust
0.01xn/aUS$2.98m
SGIC Strategic Realty Trust
0.2xn/aUS$645.18k
No more companies available in this PS range
LKRE.F 6.4xIndustry Avg. 7.3xNo. of Companies5PS03.26.49.612.816+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: LKRE.F is good value based on its Price-To-Sales Ratio (6.4x) compared to the US Retail REITs industry average (7.2x).

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 Ratio6.4x
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$4.18
US$5.66
+35.5%
5.8%US$6.30US$5.07n/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$5.37n/a16
Jan ’25US$5.55
US$6.17
+11.2%
10.7%US$7.55US$4.99n/a16
Dec ’24US$4.90
US$6.15
+25.5%
11.2%US$7.56US$4.99n/a16
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
Jan ’24US$7.12
US$8.50
+19.4%
10.8%US$10.64US$7.18US$5.5516
Dec ’23US$6.59
US$8.44
+28.1%
10.6%US$10.50US$7.17US$4.9016
Nov ’23US$6.01
US$9.93
+65.2%
13.3%US$11.48US$7.13US$4.7516

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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