Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Link Real Estate Investment Trust has a Altman Z2-Score of 1.78, indicating it is in Grey Zones. This implies that Link Real Estate Investment Trust is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for Link Real Estate Investment Trust's Altman Z2-Score or its related term are showing as below:
LKREF'
s Altman Z2-Score Range Over the Past 10 Years
Min: 1.78 Med: 3.12 Max: 6.73
Current: 1.78
During the past 13 years, Link Real Estate Investment Trust's highest Altman Z2-Score was 6.73. The lowest was 1.78. And the median was 3.12.
Link Real Estate Investment Trust (OTCPK:LKREF) Altman Z2-Score Explanation
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
* 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 Altman Z2-Score Chart
For the REIT - Retail subindustry, Link Real Estate Investment Trust's Altman Z2-Score, along with its competitors' market caps and Altman Z2-Score 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 Altman Z2-Score vs REITs Industry
For the REITs industry and Real Estate sector, Link Real Estate Investment Trust's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Link Real Estate Investment Trust's Altman Z2-Score falls into.
Link Real Estate Investment Trust Altman Z2-Score Calculation
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
* 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. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.
Link Real Estate Investment Trust (LKREF) has a Altman Z2-Score of 1.78 as of Jun. 25, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Link Real Estate Investment Trust and its competitors. This is 43% below median its historical median of 3.12. Over the past decade, Link Real Estate Investment Trust's Altman Z2-Score has ranged from 1.78 to 6.73. According to the industry distribution chart, Link Real Estate Investment Trust ranks #370 out of 744 companies in the REITs industry, placing it in the top 49.7%.
Is Link Real Estate Investment Trust's Altman Z2-Score too high?
Link Real Estate Investment Trust's current Altman Z2-Score of 1.78 is 43% below median its 10-year median of 3.12. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 6.73. The REITs industry median Altman Z2-Score is 1.76. Link Real Estate Investment Trust's value of 1.78 is 1.1% above this industry median. Based on the distribution chart, Link Real Estate Investment Trust ranks #370 out of 744 companies in the REITs industry, which is above the industry midpoint. 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 Altman Z2-Score compare to SPG and O?
According to the REITs industry distribution chart, Link Real Estate Investment Trust ranks #370 out of 744 companies for Altman Z2-Score. This puts Link Real Estate Investment Trust in the upper half of its industry. The industry median Altman Z2-Score is 1.76. Link Real Estate Investment Trust's value of 1.78 is 1.1% above this benchmark. Historically, Link Real Estate Investment Trust's own Altman Z2-Score has ranged from 1.78 to 6.73 over the past decade. While the company's 10-year median is 3.12 vs. the industry median of 1.76, Link Real Estate Investment Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z2-Score for a REITs company?
The median Altman Z2-Score among REITs companies is 1.76, based on 744 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Link Real Estate Investment Trust's current Altman Z2-Score of 1.78 is 1.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Link Real Estate Investment Trust and its competitors. For the REITs industry, the median Altman Z2-Score is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Link Real Estate Investment Trust's current Altman Z2-Score is 1.78, which is 43% below median its own 10-year median of 3.12. 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 $4.83, compared to a current price of $4.60 — trading 4.8% below its estimated fair value. The current Altman Z2-Score is 1.78, which is 43% below median its 10-year median of 3.12 and 1.1% above the REITs industry median of 1.76. 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 Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Link Real Estate Investment Trust (LKREF), the current Altman Z2-Score is 1.78 as of Jun. 25, 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 $4.60 is trading 4.8% below its estimated GF Value™ of $4.83.
GuruFocus considers Link Real Estate Investment Trust to be Fairly Valued.
Key valuation signals for LKREF:
Altman Z2-Score: 1.78 (43% below median its 10-year median of 3.12)
GF Value™: $4.83 vs. price of $4.60 (4.8% below fair value)
Industry Position: 1.1% above the REITs median (#370 of 744)
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
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
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