Last $8.90 HKD
Change Today +0.03 / 0.34%
Volume 213.7K
As of 4:04 AM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

fortune reit (FRT) Snapshot

Open
$8.85
Previous Close
$8.87
Day High
$8.90
Day Low
$8.80
52 Week High
01/28/15 - $8.98
52 Week Low
03/21/14 - $5.60
Market Cap
16.7B
Average Volume 10 Days
248.2K
EPS TTM
--
Shares Outstanding
1.9B
EX-Date
02/3/15
P/E TM
--
Dividend
$0.42
Dividend Yield
4.68%
Current Stock Chart for FORTUNE REIT (FRT)

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fortune reit (FRT) Details

Fortune Real Estate Investment Trust, through its subsidiaries, engages in the ownership and investment of retail shopping malls in Hong Kong. As of December 31, 2008, it holds a portfolio of 11 retail malls and properties located in Hong Kong. Fortune Real Estate Investment Trust was founded in 2003 and is based in Singapore, Singapore.

Founded in 2003

fortune reit (FRT) Top Compensated Officers

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fortune reit (FRT) Key Developments

Fortune Real Estate Investment Trust Appoints Justina Chiu Yu as Chief Executive Officer

Fortune Real Estate Investment Trust appointed Justina Chiu Yu as chief executive officer, as part of its succession planning. Ms. Chiu is currently the deputy CEO and executive director of the manager. The appointment is executive, as Ms Chiu will be responsible for the overall performance and direction of Fortune Reit. Before her appointment as deputy CEO of the manager, she was the chief operating officer, overseeing strategic planning, investment, asset management and investor relations.

Fortune Real Estate Investment Trust Reports Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Declares Final Dividend for the Year Ended December 31, 2014, February 27, 2015

Fortune Real Estate Investment Trust reported audited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of HKD 425,686,000 against HKD 392,559,000 a year ago. Net property income was HKD 293,513,000 against HKD 275,160,000 a year ago. Profit before tax was HKD 2,029,429,000 against HKD 1,364,964,000 a year ago. Net profit of the Group, before transactions with unitholders was HKD 1,950,907,000 against HKD 1,208,323,000 a year ago. Net profit of the Group, after transactions with unitholders was HKD 1,753,700,000 against HKD 1,026,241,000 a year ago. Cash flow from operating activities was HKD 161,485,000 against HKD 159,214,000 a year ago. Revenue and net property income for the fourth quarter of 2014 rose 8.4% and 6.7% year-on-year. The improvement in financial performance compared to the fourth quarter of 2013 is mainly attributable to strong rental growth across the portfolio. Property operating expenses and borrowing costs for the fourth quarter of 2014 were higher than the corresponding quarter last year by 13.0% and 1.1% respectively. For the year, the company reported total revenue of HKD 1,655,774,000 against HKD 1,317,463,000 a year ago. Net property income was HKD 1,161,224,000 against HKD 928,331,000 a year ago. Profit before tax was HKD 4,245,846,000 against HKD 3,980,166,000 a year ago. Net profit of the Group, before transactions with unitholders was HKD 3,930,906,000 against HKD 3,649,404,000 a year ago. Net profit of the Group, after transactions with unitholders was HKD 3,150,136,000 against HKD 3,007,015,000 a year ago. Cash flow from operating activities was HKD 1,037,459,000 against HKD 804,157,000 a year ago. The total revenue and net property income increased by 25.7% and 25.1% year-on-year to HKD 1,655.8 million and HKD 1,161.2 million respectively, representing the strongest growth since 2006. The robust results were mainly accomplished through the diligent execution of three core strategies ­ asset investment, asset management and asset enhancement. The final DPU of 20.80 cents for the six months ended December 31, 2014 will be paid on February 27, 2015 to unitholders on the registers of unitholders of Fortune REIT as at February 5, 2015.

Fortune Real Estate Investment Trust to Report Fiscal Year 2014 Results on Jan 21, 2015

Fortune Real Estate Investment Trust announced that they will report fiscal year 2014 results on Jan 21, 2015

 

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