Higher rents lift Fortune Reit DPU up 15.3% in Q1
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
FORTUNE Real Estate Investment Trust (Reit) posted a 15.3 per cent increase in first-quarter distribution per unit after reaping the benefits of a new property and rental reversions.
Fortune Reit said income available for distribution rose 26.5 per cent to HK$193.9 million (S$31.2 million), or 10.38 HK cents per unit, for the January-to-March period.
Net property income increased to HK$289.2 million as the retail property trust recognised income from Fortune Kingswood, which was acquired in October 2013.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
