Hang Lung Properties (00101) announces interim results net profit attributable to shareholders of HK$758 million, a decrease of 16.89% year-on-year

According to the Zhitong Finance App, Hang Lung Properties (00101) announced the 2026 interim results, with total revenue of HK$6.113 billion, up 23.05% year on year; basic net profit attributable to shareholders was HK$1,436 million, down 9.51% year on year; net profit due to shareholders was HK$758 million, down 16.89% year on year; profit per share based on shareholders' net profit. It is proposed to pay an interim dividend of HK$0.12 per share.

In the first half of 2026, the Mainland's economic stimulus measures and low interest rate environment led to a recovery in consumer market conditions. Coupled with the strengthening of the RMB, which helped the recovery of tourism and retail activities in Hong Kong, the company maintained a strong rental rate with careful and strict operation management, and performed strongly under market pressure. Rental revenue from core properties in the Mainland increased, while Hong Kong remained stable.

The revenue of shopping malls in the Mainland increased by 6% in RMB, and the overall property rental rate increased further to 96% at the end of June. In order to actively enhance the tenant mix and retail positioning, the mall continued to introduce regional first stores and exclusive brands during the reporting period to take over the current less than ideal brands. At the same time, the company organized unique experiential retail activities in various cities, successfully strengthened customer connections, maintained customer traffic, increased tenant sales, and further deepened ties with the community.

On the Hong Kong side, the company has adopted active leasing and tenant retention strategies in both the retail and office building portfolios, maintaining rental rates of around 95% and 90% respectively. Among them, the company continues to optimize the main commercial and tourist area combinations to help maintain retail property rental rates and enhance the customer experience. In terms of office buildings, the increase in the occupancy rate of the Hong Kong Island office complex was mainly driven by Standard Chartered Bank Tower (including Hang Lung shared office space NET•WORK) and 228 Electric Road. Benefiting from the Government's talent entry scheme, the income and rental rate of residential and serviced apartments also increased by 7% and 9 percentage points, respectively, year-on-year.