Fortune Real Estate Investment Trust (00778) said its income available for distribution for the six months ended 30 June 2015 rose 12.8% year-on-year to HK$440.3 million.
Distribution per unit (DPU) was HK23.38 cents, which is 12% higher than that for the corresponding period in 2014. This represents an annualized distribution yield of 6% based on the unit price of HK$7.795, the average of the two closing unit prices in Singapore and Hong Kong as at 30 June 2015.
Fortune REIT's revenue and net property income went up by 13.4% and 12.6% year-on-year to HK$922.6 million and HK$654.4 million respectively. The growth was mainly attributed to a solid rental reversion of 22.1% across the portfolio as well as the additional income contributions from Laguna Plaza acquired in January 2015.
The interim DPU will be paid on 28 August.
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