Fortune REIT reports 28% rise in full-year distributable income

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 

Join The Discussion

Compare listings

Compare