FORTUNE REIT released its interim results, with revenue of HKD 855 million, a year-on-year decrease of 1.98%
FORTUNE REIT released its interim results for the period ending June 30, 2025, with revenue of HKD 855 million, a year-on-year decrease of 1.98%. During the period, it incurred a loss of HKD 653 million, a year-on-year increase of 1695.24%. The basic loss per fund unit was HKD 0.3196, and it proposed a distribution of earnings amounting to HKD 377 million, a year-on-year increase of 2.06%. The decline in total revenue was mainly due to negative rental growth, particularly from supermarkets and real estate agencies
According to the Zhitong Finance APP, FORTUNE REIT (00778) announced its interim results for the six months ending June 30, 2025. The trust's revenue was HKD 855 million, a year-on-year decrease of 1.98%; during this period, it incurred a loss (excluding transactions with fund unit holders) of HKD 653 million, a year-on-year increase of 1695.24%; the basic loss per fund unit was HKD 0.3196; the distributable income to fund unit holders was HKD 377 million, a year-on-year increase of 2.06%; the proposed distribution per fund unit for the interim period was HKD 0.1841.
The announcement stated that the decline in total revenue was due to negative growth in rental increase rates, primarily from supermarkets and real estate agencies, although the increase in income from service fees and parking lot revenues, as well as the overall average occupancy rate rising compared to the same period last year, offset some of the rental decrease
