Link REIT accelerates buy-backs, propelling unit price to 1-month high

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Link REIT appears to be accelerating its buy-back programme in September 2020, propelling its unit price to a 30-day high of HKD65.50 on the 16th of the month.

Link REIT, Asia’s largest REIT by market capitalisation, has been conducting significant buy-backs since January 2020, as the Hong Kong property market reels from the effect of COVID-19.

Stock Exchange of Hong Kong data tracked by REITsWeek indicate that the REIT bought back, and struck off more than 5 million units from the market in February 2020 alone, and a further 3 million units in the following month.

Related: Link REIT axes another 3 million units amid market rout


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