Fortune REIT property, Fortune Metropolis. (Photo: Google Maps)Fortune REIT property, Fortune Metropolis. (Photo: Google Maps)

Fortune REIT disclosed on 5 March that it has recorded lower distributions for its FY2023 despite seeing better leasing momentum and occupancies at its assets.

Fortune REIT is a Hong Kong-listed retail landlord with a portfolio of 16 assets across the territory, and one asset in Singapore.

Like many Hong Kong REITs, Fortune REIT was still reeling from the effects of COVID-related social restrictions for much of 2022.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.