Key Points
- DPU of 6.38 HK cents for the quarter.
- Total Revenue for 1Q 2010 was HK$209.1 million, 24.3% higher compared to the same quarter last year.
- Net Profit of the Property Companies was HK$100.1 million, representing a 19.5% increase compared to the same period last year.
- Income Available for Distribution for the Reporting Period was HK$106.2 million, 28.2% higher than the corresponding period last year.
Based on the closing price of the Reit of HKD 3.590. on 4 May 2010, the DPU of 6.38 HK cents translates to an annualised yield of about 7.1%.
There will be no distribution payment this quarter as Fortune Reit distributes semi-annually. The DPU of 6.38 HK cents will be paid in the next quarter together with the DPU for the next quarter.
Latest updates at Results Release.
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