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Find out more about IPO and Rights Issue in articles from the All about REIT series:
The IPO Prospectus
Rights Issue Part 1: Terms and Definition
Rights Issue Part 2: What happens during a Rights Issue
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Thursday, January 27, 2011

Fortune Reit Q4 2010 Quarterly Earnings Report

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Fortune Reit Q4 2010 Quarterly Earnings Report:
Key Points
  • Distribution of 12.08 Hong Kong cents per unit for the period of 1 July 2010 to 31 December 2010.
  • DPU for the reporting quarter is 6.32 HK cents.
  • Fortune REIT’s gearing ratio and aggregate leverage was lowered to 21.0% as at 31 December 2010 (31 December 2009: 23.7%). The decrease was due to a rise in valuation of investment properties.
  • NAV per unit of HK$6.18 as at 31 Dec 2010.
  • The Books will close from 5pm on 10 Feb 2011 for the purpose of determining Unitholders’ entitlement to the distribution. 
  • The distribution will be paid on 1 Mar 2011.
Author's Note
The semi-annual DPU of 12.08 HK cents will be paid on 1 Mar 2011. Book closure is on 10 Feb 2011. DPU for the reporting quarter is 6.32 HK cents.

The DPU was 5.76 HK cents in the previous quarter.

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