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XHKG0778
Market cap1.03bUSD
Dec 23, Last price  
3.93HKD
1D
0.51%
1Q
-9.03%
Jan 2017
-55.89%
IPO
4.52%
Name

Fortune Real Estate Investment Trust

Chart & Performance

D1W1MN
XHKG:0778 chart
P/E
—
P/S
4.47
EPS
—
Div Yield, %
10.87%
Shrs. gr., 5y
0.84%
Rev. gr., 5y
-1.64%
Revenues
1.79b
+1.22%
1,467,528,8852,112,349,2463,115,135,3193,333,800,341637,038,000701,354,000838,376,000909,425,0001,113,696,0001,317,463,0001,655,774,0001,882,148,0001,975,376,0002,030,152,0001,940,106,0001,959,697,0001,843,824,0001,806,397,0001,764,355,0001,785,894,000
Net income
-155m
L
714,616,1785,281,411,8094,764,439,1973,816,145,188-854,875,0001,113,188,0002,019,299,0003,363,101,0002,238,379,0003,649,404,0003,930,906,0002,486,186,0001,257,913,0003,200,990,0005,990,767,0001,476,804,000-3,192,958,0001,317,514,000502,636,000-154,920,000
CFO
1.16b
-0.72%
974,240,2641,476,230,8522,074,578,8442,122,978,929405,562,000482,214,000476,203,000641,702,000731,249,000804,157,0001,037,459,0001,175,715,0001,292,449,0001,281,862,0001,276,906,0001,384,873,000979,998,0001,090,809,0001,171,762,0001,163,278,000
Dividend
Aug 22, 20240.1823 HKD/sh
Earnings
May 23, 2025

Profile

Established in 2003, Fortune REIT is a real estate investment trust constituted by a trust deed (as amended, supplemented or otherwise modified from time to time). It is the first REIT to hold assets in Hong Kong and is currently listed on the Main Board of The Stock Exchange of Hong Kong Limited. Fortune REIT currently holds a portfolio of 16 private housing estate retail properties in Hong Kong, comprising of 3 million sq. ft. of retail space and 2,713 car parking spaces. The retail properties are Fortune City One, +WOO, Ma On Shan Plaza, Metro Town, Fortune Metropolis, Belvedere Square, Laguna Plaza, Waldorf Avenue, Caribbean Square, Jubilee Square, Smartland, Tsing Yi Square, Centre de Laguna, Hampton Loft, Lido Avenue and Rhine Avenue. They house tenants from diverse trade sectors such as supermarkets, food and beverage outlets, banks, real estate agencies, and education providers.
URL
https://www.fortunereit.com/
IPO date
Apr 20, 2010
Employees
Domiciled in
HK
Incorporated in
SG

Valuation

Title
HKD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
1,785,894
1.22%
1,764,355
-2.33%
1,806,397
-2.03%
Cost of revenue
640,489
625,007
631,699
Unusual Expense (Income)
NOPBT
1,145,405
1,139,348
1,174,698
NOPBT Margin
64.14%
64.58%
65.03%
Operating Taxes
150,765
274,569
203,630
Tax Rate
13.16%
24.10%
17.33%
NOPAT
994,640
864,779
971,068
Net income
(154,920)
-130.82%
502,636
-61.85%
1,317,514
-141.26%
Dividends
(868,009)
(849,095)
(971,992)
Dividend yield
8.73%
6.75%
6.17%
Proceeds from repurchase of equity
BB yield
Debt
Debt current
660,000
2,097,565
1,599,600
Long-term debt
8,998,374
7,480,197
7,240,917
Deferred revenue
(1,146,399)
Other long-term liabilities
1,146,399
60,501
Net debt
9,243,772
8,861,395
8,701,543
Cash flow
Cash from operating activities
1,163,278
1,171,762
1,090,809
CAPEX
(168,000)
(67,029)
Cash from investing activities
(113,092)
(672,930)
(66,974)
Cash from financing activities
(1,150,332)
(409,930)
(1,083,040)
FCF
40,230,913
929,854
389,761
Balance
Cash
106,718
206,864
117,962
Long term investments
307,884
509,503
21,012
Excess cash
325,307
628,149
48,654
Stockholders' equity
28,080,100
28,926,971
28,896,899
Invested Capital
37,413,167
37,876,914
38,035,542
ROIC
2.64%
2.28%
2.57%
ROCE
2.98%
2.91%
3.04%
EV
Common stock shares outstanding
2,003,830
1,983,619
1,967,001
Price
4.96
-21.77%
6.34
-20.85%
8.01
8.39%
Market cap
9,938,997
-20.97%
12,576,144
-20.18%
15,755,678
9.28%
EV
19,182,769
21,723,488
24,457,221
EBITDA
1,145,405
1,139,348
1,174,698
EV/EBITDA
16.75
19.07
20.82
Interest
510,840
221,501
107,214
Interest/NOPBT
44.60%
19.44%
9.13%