4.57
+1.33%
Close of 9 Nov 2026, in HKD
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About Fortune Real Estate Investment Trust
Its shares trade on HKEX under the ticker 778.HK. It has been listed since 20 April 2010. In the fiscal year to 31 December 2024, it reported revenue of HK$1.75bn and a net loss of HK$519.0m. At that date it held total assets of HK$38.46bn and shareholders' equity of HK$26.93bn.
Fortune Real Estate Investment Trust is a holding company, which engages in the acquisition and management of real estate properties. The company employs 0 full-time employees The company went IPO on 2010-04-20. The principal activity of Fortune REIT is investment holding. The Company, through its subsidiaries owns and invests in a portfolio of retail shopping malls located in Hong Kong. The company holds a portfolio of approximately 20 private housing estate retail properties in Hong Kong consisting of approximately three million square feet of retail space and 2,710 car parking spaces. Its retail properties include Fortune City One, Fortune Kingswood, Fortune Metropolis, Ma On Shan Plaza, Metro Town, Laguna Plaza, Waldorf Avenue, Caribbean Square, Jubilee Square, Belvedere Square, Smartland, Lido Avenue, Provident Square, Centre de Laguna and Hampton Loft. The company house tenants from various trade sectors, such as supermarkets, food and beverage outlets, banks, real estate agencies and education providers. The company is managed by ARA Asset Management (Fortune) Limited, which is a subsidiary of ARA Asset Management Limited.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 20 Apr 2010
- Website
- fortunereit.com ↗
Leadership
Pay as last reported
- Mr. Sing Loi ChuiIndependent Non-Executive Chairman of the Manager
- Ms. Yu ChiuChief Executive Officer, Executive Director of the Manager
- Ms. Yuen Chun HungDeputy Chief Executive Officer, since 2023
- Ms. Mei Mei LowCompany Secretary of the Manager
- Pol. Capt. Kwok Hung ChiuNon-Executive Director of the Manager, since 2017
- Mr. Hwee Chiang LimNon-Executive Director of the Manager, since 2003
- Mr. Lai Chee MaNon-Executive Director of the Manager
- Ms. Eirene YeungNon-Executive Director of the Manager
- Ms. Ai Phing ChengIndependent Non-Executive Director of the Manager
- Ms. Poh Wah KohIndependent Non-Executive Director of the Manager
- Ms. Annie YeoIndependent Non-Executive Director of the Manager
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Fortune Real Estate Investment Trust (REIT) has several key strengths that contribute to its success in the market. Firstly, it boasts a strong portfolio of commercial properties, which not only diversifies risk but also provides a steady stream of rental income. Secondly, the company has a proven track record of delivering consistent returns to its investors. This reliable performance has helped establish trust and attract new investors. Additionally, Fortune REIT benefits from strong brand recognition and a trusted reputation in the real estate sector.
Weaknesses
- Despite its strengths, Fortune REIT does face certain weaknesses that need to be addressed. One notable weakness is its geographical concentration of properties in a specific region, which exposes the company to risks associated with local economic conditions. This lack of diversification may impact the overall stability of the REIT. Furthermore, increasing competition within the real estate market poses a challenge for Fortune REIT to maintain its market share and secure new investment opportunities.
Opportunities
- Fortune REIT has identified several opportunities that can potentially enhance its growth and profitability. The expanding market for e-commerce and logistics presents an opportunity for the REIT to invest in properties suitable for online retail and distribution centers. This would diversify its portfolio and tap into the growing demand for e-commerce infrastructure. Additionally, the company can explore new markets and expand its presence beyond its current geographic focus, thereby reducing its vulnerability to local market fluctuations.
Threats
- Several external threats pose challenges to the success of Fortune REIT. Firstly, changes in government regulations and policies related to real estate and taxation can significantly impact the operations and profitability of the REIT. Interest rate fluctuations pose another threat, as higher borrowing costs can affect the REIT's ability to finance expansion projects or refinance existing debt. Furthermore, economic downturns and uncertainties in the global market can dampen demand for commercial properties, leading to a decrease in occupancy rates and rental income.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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