HongKong Land's rental loss could be limited: analyst

Submitted By:  Clarist Zablan Case Study:  No It offered rent relief to its retail tenants amidst the COVID-19 outbreak. The negative impact of HongKong Land’s rental loss is expected to be limited compared to other landlords as it has a relatively small retail portfolio in gross floor area (GFA) terms, according to a CGS-CIMB report. In view of the COVID-19 outbreak, the firm’s management offered another rent relief to retail tenants. It is estimated to lead to about 10-15% YoY decline in HongKong Land’s retail rental revenue in FY 2020. read more