Fortune REIT makes foray into Singapore with SGD88 million Kovan acquisition
Fortune REIT is marking its first foray outside Hong Kong by acquiring the Stars of Kovan asset in Singapore for…
Fortune REIT renews mandate to buy back, cancel units from market
Fortune REIT has been cleared to carry out unit buy-backs and cancellations till its next annual general meeting (AGM).
Fortune REIT reports 10.4% rise in DPU for 1H 2021 on 100% payout ratio
Data from Fortune REIT’s latest results have been updated into the Hong Kong REITs table. Fortune REIT has reported a…
Fortune REIT secures maiden sustainability-linked loan with DBS
Hong Kong-listed Fortune REIT has secured a five-year sustainability-linked term facility aggregating HKD1 billion (USD128 million) with DBS Bank. It…
Fortune REIT focuses on tenant retention despite negative rent reversions
Amid challenging business conditions in Hong Kong, Fortune REIT is seeing negative rental reversions for the first time ever. However,…
Fortune REIT warns of loss, braces for HKD2.5 billion hit in portfolio value
Fortune REIT has warned investors that it expects to record a net loss for the first six months of 2020,…
Retail investors buy up Ascendas REIT, CCT as institutionals sell
EC World REIT, CapitaLand Commercial Trust (CCT), and Ascendas REIT have emerged as the three most favoured REITs of retail…
SGX loses another REIT as Hong Kong landlord call it quits
Barely two years after losing Saizen REIT and Croesus Retail Trust, the Singapore Exchange (SGX) is about to witness another…
Fortune REIT completes divestment of Provident Square
Fortune REIT announced on 28 February that it has completed the disposal of Provident Square on the same day. The…
Fortune REIT disposes Provident Square for HKD2 billion
Fortune REIT has entered into an agreement with an unnamed entity with regards to the disposal of its property known…