Fortune REIT 2016 AR2
The report details Fortune REIT's financial and operational performance for the fiscal year ended December 31, 2016. The company achieved a 5.0% year-on-year increase in gross revenue to HK$1,975.4 million and a 6.5% increase in net property income to HK$1,409.8 million. Portfolio occupancy remained healthy at 96.7% with passing rent rising by 4.5% year-on-year. Fortune REIT successfully completed asset enhancement initiatives at Provident Square and early refinanced all debts due in 2016 and 2017 with new 5-year loan facilities.
Company: Fortune REIT
Sector: Real estate
Country: Hong Kong
Year: 2016
Type: AR2
Pages: 172
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Fortune REIT
Annual Report
The report details Fortune REIT's financial and operational performance for the fiscal year ended December 31, 2016. The company achieved a 5.0% year-on-year increase in gross revenue to HK$1,975.4 million and a 6.5% increase in net property income to HK$1,409.8 million. Portfolio occupancy remained healthy at 96.7% with passing rent rising by 4.5% year-on-year. Fortune REIT successfully completed asset enhancement initiatives at Provident Square and early refinanced all debts due in 2016 and 2017 with new 5-year loan facilities.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available