Interest Rate RiskAdverse movements in interest rates could raise borrowing costs and compress property valuations, weighing on earnings per share and dividend capacity.
Renewal Rent PressureContinued downward pressure on renewal rents could erode revenue momentum despite steady occupancy, limiting near-term earnings recovery.
Weakening Leasing DemandA deterioration in leasing demand for office and retail space in Causeway Bay could reduce occupancy gains and pressure rental income and cash flow.