Fortune REIT has reported a 28 percent jump in full-year distributable income to nearly HK$277 million or S$53 million.
This was driven by a high occupancy rate of 95 percent and strong rental reversions.
But the distributable income for the six months to December alone was almost flat at HK$135 million or S$26 million.
Distribution per unit for 2006 will be slightly over 34 HK cents.
Fortune REIT says it will focus on buying yield accretive properties in Hong Kong and China.
Source: Channel NewsAsia, 30 January 2007