Link REIT's car park/car service centre asset in Hong Kong. (Link REIT)

Link REIT’s financial profile has been negatively impacted by its overseas acquisitions, but the recently announced rights issue will address this.

This was the assessment given by Fitch Ratings on 13 February, in the wake of Link REIT’s proposed 1-for-5 rights issue to raise approximately HKD18.8 billion.

Related: Link REIT marks entry into Singapore with SGD2.16 billion acquisition

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.