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Fortune REIT's FY18 DPU up 1% to 51.28 HK cents on positive rental reversions & car park income growth

Michelle Zhu
Michelle Zhu • 2 min read
Fortune REIT's FY18 DPU up 1% to 51.28 HK cents on positive rental reversions & car park income growth
SINGAPORE (Jan 28): The manager of Fortune REIT has declared a distribution per unit of 51.28 HK cents (8.8 cents) for FY18, up 1% from 50.78 HK cents in FY17 due to revenue growth and lower expenses.
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SINGAPORE (Jan 28): The manager of Fortune REIT has declared a distribution per unit of 51.28 HK cents (8.8 cents) for FY18, up 1% from 50.78 HK cents in FY17 due to revenue growth and lower expenses.

Revenue grew 0.2% y-o-y to HKD1.94 billion due to positive rental reversions from the retail segment as well as higher car park income.

NPI rose 1% to HKD 1.47 billion from HKD 1.46 billion a year ago.

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