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1 Comment
Fortune Real Estate Investment Trust is currently in a long term uptrend where the price is trading 15.2% above its 200 day moving average.
From a valuation standpoint, the stock is 34.9% more expensive than other stocks from the Real Estate sector with a price to sales ratio of 7.9.
Fortune Real Estate Investment Trust's total revenue sank by 9.5% to $892M since the same quarter in the previous year.
Its net income has dropped by 303.4% to $-926M since the same quarter in the previous year.
Finally, its free cash flow fell by 34.1% to $225M since the same quarter in the previous year.
Based on the above factors, Fortune Real Estate Investment Trust gets an overall score of 1/5.
| Exchange | HK |
|---|---|
| CurrencyCode | HKD |
| ISIN | SG1O33912138 |
| Sector | Real Estate |
| Industry | REIT - Retail |
| Beta | 0.75 |
|---|---|
| PE Ratio | None |
| Target Price | 4.955 |
| Dividend Yield | 8.9% |
| Market Cap | 8B |
Established in 2003, Fortune REIT is a real estate investment trust constituted by a trust deed (as amended, supplemented or otherwise modified from time to time). It is the first REIT to hold assets in Hong Kong and is currently listed on the Main Board of The Stock Exchange of Hong Kong Limited. Fortune REIT currently holds a portfolio of 17 retail properties, with 16 private housing estate retail properties in Hong Kong and 1 neighborhood mall in Singapore, comprising approximately 3 million sq. ft. of retail space and 2,793 car parking spaces. The retail properties are Fortune City One, +WOO, Ma On Shan Plaza, Metro Town, Fortune Metropolis, Laguna Plaza, Belvedere Square, Waldorf Avenue, Caribbean Square, Jubilee Square, Tsing Yi Square, Smartland, Stars of Kovan Property, Centre de Laguna, Hampton Loft, Lido Avenue and Rhine Avenue. They house tenants from diverse trade sectors such as supermarkets, food and beverage outlets, banks, real estate agencies, and education providers.
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