LKREF (Link Real Estate Investment Trust) Return-on-Tangible-Asset: -5.18% (As of Mar. 2026)


LKREF Link Real Estate Investment Trust LKREF
67 GF Score
Price $4.38
GF Value $4.54
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Link Real Estate Investment Trust Return-on-Tangible-Asset?

Link Real Estate Investment Trust LKREF -1.57% 67 Return-on-Tangible-Asset is -5.18% as of Mar. 2026. GuruFocus rates LKREF with a GF Score™ of 67/100 and a GF Value™ of $4.54 (Fairly Valued). The stock has 4 warning signs investors should review. Among 938 REITs companies, Link Real Estate Investment Trust ranks worse than 90.51% on this metric.

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Link Real Estate Investment Trust's annualized Net Income for the quarter that ended in Mar. 2026 was $-1,478 Mil. Link Real Estate Investment Trust's average total tangible assets for the quarter that ended in Mar. 2026 was $28,555 Mil. Therefore, Link Real Estate Investment Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -5.18%.

The historical rank and industry rank for Link Real Estate Investment Trust's Return-on-Tangible-Asset or its related term are showing as below:

LKREF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.9   Med: 1.87   Max: 24.4
Current: -3.29

During the past 13 years, Link Real Estate Investment Trust's highest Return-on-Tangible-Asset was 24.40%. The lowest was -7.90%. And the median was 1.87%.

LKREF's Return-on-Tangible-Asset is ranked worse than
90.51% of 938 companies
in the REITs industry
Industry Median: 3.265 vs LKREF: -3.29

Link Real Estate Investment Trust  (OTCPK:LKREF) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Link Real Estate Investment Trust Return-on-Tangible-Asset Related Terms


Link Real Estate Investment Trust Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Link Real Estate Investment Trust's Return-on-Tangible-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Link Real Estate Investment Trust Return-on-Tangible-Asset Chart

Link Real Estate Investment Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.16 6.26 -0.76 -3.69 -3.28

Link Real Estate Investment Trust Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 -2.99 -4.41 -1.42 -5.18

LKREF vs SPG, O, KIM: Return-on-Tangible-Asset Comparison

For the REIT - Retail subindustry, Link Real Estate Investment Trust's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Link Real Estate Investment Trust Return-on-Tangible-Asset vs REITs Industry

For the REITs industry and Real Estate sector, Link Real Estate Investment Trust's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Link Real Estate Investment Trust's Return-on-Tangible-Asset falls into.


LKREF
67GF Score
Link Real Estate Investment Trust LKREF
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Link Real Estate Investment Trust Return-on-Tangible-Asset Calculation

Link Real Estate Investment Trust's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=-945.086/( (29484.484+28080.569)/ 2 )
=-945.086/28782.5265
=-3.28 %

Link Real Estate Investment Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=-1477.744/( (29028.993+28080.569)/ 2 )
=-1477.744/28554.781
=-5.18 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Mar. 2026) net income data.

What does a Return-on-Tangible-Asset of -5.18% mean?
Link Real Estate Investment Trust (LKREF) has a Return-on-Tangible-Asset of -5.18% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Link Real Estate Investment Trust and its competitors. According to the industry distribution chart, Link Real Estate Investment Trust ranks #849 out of 938 companies in the REITs industry, placing it in the top 90.5%.
Is Link Real Estate Investment Trust's Return-on-Tangible-Asset too high?
Link Real Estate Investment Trust's current Return-on-Tangible-Asset is -5.18%. Based on the distribution chart, Link Real Estate Investment Trust ranks #849 out of 938 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Link Real Estate Investment Trust has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Link Real Estate Investment Trust's Return-on-Tangible-Asset compare to SPG and O?
According to the REITs industry distribution chart, Link Real Estate Investment Trust ranks #849 out of 938 companies for Return-on-Tangible-Asset. This places Link Real Estate Investment Trust in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Link Real Estate Investment Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Link Real Estate Investment Trust's current Return-on-Tangible-Asset is -5.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Link Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Link Real Estate Investment Trust (LKREF) is currently considered Fairly Valued. The stock's GF Value™ is $4.54, compared to a current price of $4.38 — trading 3.5% below its estimated fair value. The current Return-on-Tangible-Asset is -5.18%. Link Real Estate Investment Trust's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Link Real Estate Investment Trust (LKREF), the current Return-on-Tangible-Asset is -5.18% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Link Real Estate Investment Trust (LKREF) Overvalued in 2026?

Based on GuruFocus' analysis, Link Real Estate Investment Trust stock appears to be undervalued. The current stock price of $4.38 is trading 3.5% below its estimated GF Value™ of $4.54. GuruFocus considers Link Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for LKREF:

  • Return-on-Tangible-Asset: -5.18%
  • GF Value™: $4.54 vs. price of $4.38 (3.5% below fair value)
  • GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the LKREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Link Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges 00823:Hong KongL5R:Germany
Address 77 Hoi Bun Road, 20th Floor, Tower 1, The Quayside, Kowloon, Kwun Tong, Hong Kong, HKG
Link REIT is Asia's largest REIT, listed in 2005 to privatize retail assets held by the Hong Kong Housing Authority. It owns 154 properties and around 57,000 car park spaces. It expanded its investment mandate in 2014 to allow overseas acquisitions, and has since acquired retail, office, and logistics properties in China, as well as an office development project in Hong Kong. Link also expanded its footprint to Sydney, Melbourne, London, and Singapore.
67GF Score

Get the complete analysis for LKREF

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.38
Price
$4.54
GF Value