Fortune REIT 2019 AR2
The report outlines Fortune REIT's financial and operational performance for the fiscal year ended December 31, 2019. Despite retail market challenges in Hong Kong, the company achieved a 1.0% increase in gross revenue to HK$1,959.7 million and maintained a stable distribution per unit of 51.28 HK cents. Key highlights include the completion of the HK$150 million asset enhancement initiatives at Phase 1 of its flagship mall, +WOO, which yielded positive returns. Additionally, Fortune REIT was recognized for its sustainability practices by being included in the Hang Seng Corporate Sustainability Benchmark Index for the third consecutive year.
Company: Fortune REIT
Sector: Real estate
Country: Hong Kong
Year: 2019
Type: AR2
Pages: 160
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Fortune REIT
Annual Report
The report outlines Fortune REIT's financial and operational performance for the fiscal year ended December 31, 2019. Despite retail market challenges in Hong Kong, the company achieved a 1.0% increase in gross revenue to HK$1,959.7 million and maintained a stable distribution per unit of 51.28 HK cents. Key highlights include the completion of the HK$150 million asset enhancement initiatives at Phase 1 of its flagship mall, +WOO, which yielded positive returns. Additionally, Fortune REIT was recognized for its sustainability practices by being included in the Hang Seng Corporate Sustainability Benchmark Index for the third consecutive year.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available