Prosperity REIT reports HKD557.4 million loss in property valuation


Hong Kong’s Prosperity REIT has recorded an investment property revaluation loss of HKD557.4 million (USD71 million) for the six months ended in June 2020.

The REIT’s revenue and net property income declined by 0.7% and 1.4% respectively to HKD228.7 million and HKD181.1 million.

Accordingly, its distribution per unit (DPU) slid by 3.6% to HKD0.0899.

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