Last $0.79 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:30 PM 02/12/14 All times are local (Market data is delayed by at least 15 minutes).

fortune reit (FRIVF) Snapshot

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52 Week High
05/14/13 - $1.06
52 Week Low
02/4/14 - $0.76
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fortune reit (FRIVF) Details

Fortune Real Estate Investment Trust, through its subsidiaries, engages in the ownership and investment of retail shopping malls in Hong Kong. As of December 31, 2008, it holds a portfolio of 11 retail malls and properties located in Hong Kong. The company was founded in 2003 and is based in Singapore, Singapore.

Founded in 2003

fortune reit (FRIVF) Top Compensated Officers

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fortune reit (FRIVF) Key Developments

Fortune REIT Announces Audited Consolidated and Standalone Cash Flow Results for the Year Ended December 31, 2013

Fortune REIT announced audited consolidated and standalone cash flow results for the year ended December 31, 2013. For the period, on consolidated basis, net cash from operating activities was HKD 804.157 million against HKD 731.249 million a year ago. Acquisition of property companies/properties, net of cash acquired was HKD 5,668.686 million against HKD 1,896.231 million a year ago. For the period, on standalone basis, net cash from operating activities was HKD 526.801 million against HKD 494.588 million a year ago.

Fortune REIT, Annual General Meeting, Apr 15, 2014

Fortune REIT, Annual General Meeting, Apr 15, 2014., at 11:00 China Standard Time. Location: Level 5, Hutchison House, 10 Harcourt Road, Central. Agenda: To receive and adopt the Report of HSBC Institutional Trust Services (Singapore) Limited, as trustee of Fortune REIT, the Statement by ARA Asset Management (Fortune) Limited and the Audited Financial Statements of Fortune REIT for the year ended 31 December 2013 together with the Auditors' Report thereon; to re-appoint Deloitte & Touche LLP and Deloitte Touche Tohmatsu as the Auditors of Fortune REIT and to hold office until the conclusion of the next annual general meeting of Fortune REIT and to authorise the Manager to fix their remuneration; to approve authority to issue units in Fortune REIT; and to transact such other business as may be transacted at the AGM.

Fortune REIT In Acquisition Talks

Fortune REIT (SGX:F25U) is Planning for acquisitions. Chairman, Justin Chiu said that amid the low interest rate environment, the company will carry out more acquisitions. He added that Fortune REIT is in talk for several potential projects in Hong Kong, and is unlikely to go for overseas assets as investors may worry about the higher risk involved.


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Valuation FRIVF Industry Range
Price/Earnings 3.0x Not meaningful
Price/Sales 8.2x
Price/Book 0.6x
Price/Cash Flow 3.1x
TEV/Sales 0.5x

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