Strong rental reversion, acquisition jack up Fortune Reit Q3 DPU
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FORTUNE Reit reported a 12 per cent rise in distribution per unit (DPU) for the third quarter ended Sept 30 from a year ago to 11.54 Hong Kong cents.
This came on the back of a 12.9 per cent increase in revenue to HK$470.45 million (S$84.95 million) and a 14.7 per cent increase in net property income to HK$328.9 million, thanks to strong rental reversion across its portfolio and additional income contribution from Laguna Plaza, which was acquired in January.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
