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Rights Issue Part 2: What happens during a Rights Issue
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Thursday, May 5, 2011

Fortune Reit Q1 2011 Quarterly Earnings Report

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Fortune Reit Q1 2011 Quarterly Earnings Report:
Key Points
  • DPU for the reporting quarter is 6.73 HK cents. 
  • Total revenue saw a 4.6 per cent increase to HK$218.8 million, attributed mainly to the improved performance of the property portfolio.
  • Net property income rose 3.3 per cent to HK$161 million.
  • The occupancy rate across Fortune Reit’s portfolio of 14 retail malls stood at 97.8 per cent as at March 31, 2011.
  • The gearing ratio and aggregate leverage was 20.6% as at 31 March 2011.
  • NAV per unit of HK$6.18 as at 31 March 2011.
Author's Note

There will be no distribution this quarter as the Reit adopts a semi-annual distribution policy.

The DPU was 6.32 HK cents in the previous quarter.

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