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Fortune Reit delivers record performance, raises DPU by 16%

Published on Jul 27, 2014 4:07 PM

SINGAPORE - Fortune Reit has delivered another record performance, with revenue and net property income in the first half year rising by 33.5 per cent and 32.8 per cent to a record HK$813.5 million and HK$581 million, respectively.

Income available for distribution for the six months to June 30 climbed by 27.2 per cent to HK$390.5 million.

This translates to distribution per unit of 20.88 HK cents, up 16 per cent.

Reit manager ARA Asset Management (Fortune) attributed the exceptional performance to the success of Fortune Reit's three core strategies:

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