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Strong rental reversion, acquisition jack up Fortune Reit Q3 DPU
Add BT as a preferred sourcePublished Tue, Nov 3, 2015 · 09:50 PM
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.
