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Fortune REIT's FY17 DPU up 3.1% to 50.8 HK cents on higher occupancy, rental reversion

PC Lee
PC Lee1/23/2018 07:27 PM GMT+08  • 2 min read
Fortune REIT's FY17 DPU up 3.1% to 50.8 HK cents on higher occupancy, rental reversion
SINGAPORE (Jan 23): The manager of Fortune REIT has reported FY17 DPU of 50.78 HK cents (8.57 cents), 3.1% higher than a year ago.
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SINGAPORE (Jan 23): The manager of Fortune REIT has reported FY17 DPU of 50.78 HK cents (8.57 cents), 3.1% higher than a year ago.

This comprises an interim and final DPU of 25.53 HK cents and 25.25 HK cents respectively.

ARA Asset Management (Fortune) says FY17 total revenue and net property income rose by 2.8% and 3.3% year-on-year to HK$2.03 billion and HK$1.46 billion respectively. This was due to higher occupancy and healthy rental reversion across the portfolio.

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