Fortune Real Estate Investment Trust (FRIVF)
Fortune Real Estate Investment Trust operates in the REIT - Retail industry of the Real Estate sector, headquartered in Hong Kong, HK. The stock last traded at $0.66, up 0.00% on the session, giving a market capitalisation of $1.37B. On trailing twelve-month figures it carries a trailing P/E of -92.40, a net margin of -5.3%. Its beta of 0.48 implies it has historically moved less than the broad market.
Fortune REIT, established in 2003, functions as a Real Estate Investment Trust, operating under a trust deed that is periodically updated. It notably holds the distinction of being Hong Kong's pioneering REIT to acquire local assets, with its shares publicly traded on the Main Board of The Stock Exchange of Hong Kong Limited. Currently, the Trust manages a substantial portfolio of 16 retail complexes, all situated within private residential estates across Hong Kong. These properties collectively offer approximately 3 million square feet of retail area and include 2,713 parking spaces. The portfolio encompasses specific locations such as Fortune City One, +WOO, Ma On Shan Plaza, Metro Town, Fortune Metropolis, Belvedere Square, Laguna Plaza, Waldorf Avenue, Caribbean Square, Jubilee Square, Smartland, Tsing Yi Square, Centre de Laguna, Hampton Loft, Lido Avenue, and Rhine Avenue. These centers host a varied mix of occupants, catering to diverse needs with tenants ranging from major supermarkets and various food and beverage establishments to banks, real estate agencies, and education service providers.
Fortune Real Estate Investment Trust is most often compared with the following Real Estate names: