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Fortune REIT posts DPU up 5% for FY16

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Fortune REIT posts DPU up 5% for FY16

Jude Chan Published on Thu, Jan 26, 2017 / 5:45 PM GMT+8

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SINGAPORE (Jan 26): ARA Asset Management (Fortune), the manager of Fortune Real Estate Investment Trust, has declared a 5.0% increase in distribution per unit (DPU) of 49.23 HK cents (9.01 cents), from 46.88 HK cents a year ago.

Income available for distribution increased 5.7% to HK$935.2 million for the year ended Dec 31, 2016.

Fortune REIT saw FY16 revenue grow 5.0% to HK$1.98 billion, on the back of a 6.5% increase in net property income to HK$1.41 billion.

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