Fortune REIT 2023 AR2
The report highlights Fortune REIT's performance for the financial year ended 31 December 2023, marking its 20th anniversary. Despite macroeconomic challenges and rising finance costs, the company achieved a 1.2% increase in gross revenue to HK$1,785.9 million and a 0.7% increase in net property income to HK$1,299.4 million. Fortune REIT maintained a 100% dividend payout ratio, delivering a distribution per unit of 40.38 HK cents. On the sustainability front, it became the first REIT in Hong Kong to receive SBTi's approval for its near-term greenhouse gas emission reduction target and maintained its five-star GRESB rating.
Company: Fortune REIT
Sector: Real Estate
Country: Hong Kong
Year: 2023
Type: AR2
Pages: 153
Fortune REIT
Annual Report
The report highlights Fortune REIT's performance for the financial year ended 31 December 2023, marking its 20th anniversary. Despite macroeconomic challenges and rising finance costs, the company achieved a 1.2% increase in gross revenue to HK$1,785.9 million and a 0.7% increase in net property income to HK$1,299.4 million. Fortune REIT maintained a 100% dividend payout ratio, delivering a distribution per unit of 40.38 HK cents. On the sustainability front, it became the first REIT in Hong Kong to receive SBTi's approval for its near-term greenhouse gas emission reduction target and maintained its five-star GRESB rating.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities