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Fortune Reit's Q3 DPU up 24.4%
Published Tue, Nov 11, 2014 · 09:50 PM
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Singapore
THE recent "occupy activities", a distinct slackening in tourist spending, and the slowdown in domestic demand have emerged as new sources of uncertainty affecting the overall economic outlook and retail scene, Fortune Reit said in its financial statement on Tuesday.
"Nevertheless, Fortune Reit's portfolio of private housing estate retail properties, which cater mainly to day-to-day shopping needs, will continue to benefit from the resilient nature of the non-discretionary retail sector," it assured.
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