Fortune Real Estate Investment Trust (FRIVF) Research

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.

Market snapshot

Symbol
FRIVF
Price
$0.66
Day change
0.00%
Market cap
$9.5B
P/E ratio
-8.11x
52-week range
0.5335-0.7087
Sector
Real Estate
Industry
REIT - Retail
Next earnings
in 2 months

Peer companies

  • Allied Properties Real Estate Investment Trust (APYRF)
  • Fibra Terrafina (CBAOF)
  • Champion Real Estate Investment Trust (CMPNF)
  • Great Eagle Holdings Limited (GEAHF)
  • InterRent Real Estate Investment Trust (IIPZF)
  • Killam Apartment REIT (KMMPF)
  • Mercialys (MEIYF)
  • Primaris Real Estate Investment Trust (PMREF)

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