July 24, 2026 10:56 AM GMT Henderson Land | Asia Pacific M Update 1H26 Preview: Earnings Recovery in Sight Key Takeaways (-) China rental could decline YoY in 1H26, given the still challenging office segment with weak occupancy, and softening retail momentum. Valuation - Henderson is currently trading at 0.4x forward P/B with a 4.6% trailing dividend yield, which looks attractive to us in a rising residential price environment. Exhibit 1: Henderson - Forward Dividend Yield Avg, 4.9% +1SD, 7.1% -1SD, 2.8% 1. ...