[ET Net News Agency, 24 January 2018] Fortune Real Estate Investment Trust (00778) said
its income available for distribution for the year ended 31 December 2017 rose 3.8%
year-on-year to HK$970.8 million.
Distribution per unit (DPU) amounted to HK50.78 cents, 3.1% more than that in the
previous year (2016: HK49.23 cents).
Total revenue and net property income rose 2.8% and 3.3% year-on-year to HK$2,030.2
million and HK$1,456.7 million respectively. The growth was attributable to improved
occupancy and healthy rental reversion across the portfolio.
As at 31 December 2017, the occupancy rate of Fortune REIT's portfolio improved to 98.1%
(2016: 96.7%). A rental reversion of 12.8% was recorded for renewals during FY2017,
accelerated from 10.7% in the first half of 2017.
The final DPU of HK25.25 cents (2016: HK24.45 cents) for the six months ended 31
December 2017 will be paid on 28 February. (HL)
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00778 FORTUNE REIT
Nominal 
4.350 +0.030 (+0.694%) Others
24/01/2018 10:26
Fortune REIT (00778) year distributable income up 3.8%
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