- Hongkong Land (SGX:H78) reported FY25 underlying profit of US$461m (+12% y-o-y), which included property provisions of US$371m and net gains of US$247m on reclassification of properties for sale to investment properties and fixed assets.
Lower contributions from rental and build-to-sell businesses.
- - Read this at SGinvestors.io -
- Stripping out earnings from the build-to-sell business, underlying profit from prime properties investment fell 8% y-o-y to US$458m.
- Despite softer earnings, final dividend increased 12% y-o-y to US$0.19, bringing full-year Hongkong Land's dividends to US$0.25.
Improving office vacancy.
- - Read this at SGinvestors.io -
- However, negative rental reversions continued to flow through the Central portfolio, resulting in average office rents declining 7% y-o-y to HKD94 psf.
- With spot rents in Central showing signs of stabilisation, rental reversions are expected to turn less negative over the coming year.
Growing retail rents.
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Jeff YAU CFA DBS Group Research | Percy Leung DBS Group Research | Cherie Wong DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-03-06
Previous report by DBS:
2026-02-04 Hongkong Land - Formation Of Its First Private Real Estate Fund.
Price targets by other brokers at Hongkong Land Target Prices.
Listing of research reports at Hongkong Land Analyst Reports.
Relevant links:
Hongkong Land Share Price History,
Hongkong Land Announcements,
Hongkong Land Dividend Payout Dates & Corporate Actions,
Hongkong Land News
