Fortune Real Estate Investment Trust

0778.HK

0778.HKFortune Real Estate Investment Trust HK flag

Hong Kong Stock Exchange

3.93

HKD

-0.03

(-0.76%)

-0.26EPS

-15.12P/E

8.03BMarket Cap

May 23Next Earn

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Fortune Real Estate Investment Trust

0778.HK

(Hong Kong Stock Exchange)

Recent

price

3.93

P/E

ratio

-15.12

div

yld

9.01%

ROIC.AI

Legends:

Stock price

Beta (1.0 Market)

% total return 04/26

Stock

S&P500

13.58

6.57

-43.29

22.75

-45.42

93.55

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
0.78	0.7	0.5	0.54	0.66	0.75	0.89	1	1.04	1.01	1.01	1.01	0.95	0.92	0.89	0.89	1	Revenue per Share
-1.05	1.11	1.21	2	1.32	2.07	2.1	1.32	0.66	1.68	3.12	0.76	-1.64	0.67	0.25	-0.08	1.32	Basic EPS, GAAP
0.5	-1.52	0.29	0.38	0.43	0.46	0.55	0.62	0.68	0.67	0.66	0.72	0.5	0.55	0.59	0.58	0.63	Free Cash Flow per Basic Share
0.36	0.31	0.23	0.25	0.29	0.33	0.39	0.44	0.48	0.5	0.51	0.51	0.48	0.49	0.43	0.43	0.44	Dividend per Share
7.83	9.1	- -	7.93	8.89	10.85	11.98	12.8	12.94	14.09	16.66	16.86	14.68	14.84	14.58	14.01	12.83	Book Value per Share
7.54	8.8	6.2	7.88	8.84	10.82	11.96	12.8	12.94	14.09	16.66	16.86	14.68	14.84	14.58	14.01	12.82	Tangible Book Value per Share
816	1,003	1,667	1,678	1,695	1,765	1,870	1,883	1,897	1,909	1,921	1,935	1,951	1,967	1,984	2,004	1,880	Basic Weighted Avg Shares
637	705	837	909	1,114	1,317	1,656	1,882	1,975	1,935	1,940	1,960	1,844	1,806	1,764	1,786	1,882	Sales/Revenue/Turnover
66.37	66.67	62.35	64.25	64.64	64.19	63.62	63.71	64.92	68.56	68.69	67.85	67.22	66.92	66.08	65.68	65.67	Operating Margin (%)
4	8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	Depreciation Expense
-855	1,113	2,019	3,363	2,238	3,649	3,931	2,486	1,258	3,201	5,991	1,477	-3,193	1,318	503	-155	2,486	Net Income, GAAP
- -	5.61	3.72	2.67	4.77	3.5	4.17	7.32	14.4	6.41	3.56	12.9	- -	13.39	35.33	- -	7.32	Effective Tax Rate (%)
-134.2	157.98	241.18	369.81	200.99	277	237.41	132.09	63.68	165.39	308.79	75.36	-173.17	72.94	28.49	-8.67	132.09	Profit Margin (%)
65	-2,534	10	-71	-1,013	-1,048	-1,180	-4,141	-1,212	-1,146	-1,075	-4,703	-4,568	-2,474	-2,922	-1,539	-4,141	Working Capital
2,343	- -	2,772	2,794	3,879	8,860	8,881	7,229	10,230	9,286	8,459	4,980	5,165	7,241	7,480	8,998	7,229	LT Debt
6,156	8,833	10,334	13,228	14,978	19,109	22,376	24,106	24,545	26,888	32,013	32,624	28,632	29,183	28,927	28,080	24,106	Total Equity
- -	4.41	4.05	3.84	3.78	3.34	3.3	3.3	3.11	3.4	3.27	2.82	- -	2.78	1.97	- -	3.4	Return on Invested Capital (%)
- -	11.66	29.06	35.19	12.67	15.3	13.31	7.85	3.99	9.23	15.81	4.15	- -	3.74	1.69	- -	7.77	Return on Capital (%)
-12.29	14.34	44.23	50.57	15.78	21.32	18.91	10.69	5.17	12.45	20.34	4.57	-10.43	4.56	1.73	-0.54	10.69	Return on Common Equity (%)

Capital Structure

•

in mil. unless spec.

Working Capital

•

in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	3.45%	-1.61%	1.22%
Net Income, GAAP	-56.23%	-145.1%	-130.82%
Free Cash Flow	4.83%	-0.55%	-0.72%
Total Cash Common Dividend	4.41%	-2.36%	2.23%
Total Equity	4.3%	-2.44%	-2.93%

Growth Rates

•

in mil. unless spec.

Quarterly Revenue

•

in mil. unless spec.

Quarterly Earnings Per Share

•

in mil. unless spec.

Quarterly Dividends Per Share

•

in mil. unless spec.

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AEON REIT Investment Corporation (3292.T)
Business: 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 16 private housing estate retail properties in Hong Kong, comprising of 3 million sq. ft. of retail space and 2,713 car parking spaces. The retail properties are 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. They house tenants from diverse trade sectors such as supermarkets, food and beverage outlets, banks, real estate agencies, and education providers.

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
0.78	0.7	0.5	0.54	0.66	0.75	0.89	1	1.04	1.01	1.01	1.01	0.95	0.92	0.89	0.89	1	Revenue per Share
-1.05	1.11	1.21	2	1.32	2.07	2.1	1.32	0.66	1.68	3.12	0.76	-1.64	0.67	0.25	-0.08	1.32	Basic EPS, GAAP
0.5	-1.52	0.29	0.38	0.43	0.46	0.55	0.62	0.68	0.67	0.66	0.72	0.5	0.55	0.59	0.58	0.63	Free Cash Flow per Basic Share
0.36	0.31	0.23	0.25	0.29	0.33	0.39	0.44	0.48	0.5	0.51	0.51	0.48	0.49	0.43	0.43	0.44	Dividend per Share
7.83	9.1	- -	7.93	8.89	10.85	11.98	12.8	12.94	14.09	16.66	16.86	14.68	14.84	14.58	14.01	12.83	Book Value per Share
7.54	8.8	6.2	7.88	8.84	10.82	11.96	12.8	12.94	14.09	16.66	16.86	14.68	14.84	14.58	14.01	12.82	Tangible Book Value per Share
816	1,003	1,667	1,678	1,695	1,765	1,870	1,883	1,897	1,909	1,921	1,935	1,951	1,967	1,984	2,004	1,880	Basic Weighted Avg Shares
637	705	837	909	1,114	1,317	1,656	1,882	1,975	1,935	1,940	1,960	1,844	1,806	1,764	1,786	1,882	Sales/Revenue/Turnover
66.37	66.67	62.35	64.25	64.64	64.19	63.62	63.71	64.92	68.56	68.69	67.85	67.22	66.92	66.08	65.68	65.67	Operating Margin (%)
4	8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	Depreciation Expense
-855	1,113	2,019	3,363	2,238	3,649	3,931	2,486	1,258	3,201	5,991	1,477	-3,193	1,318	503	-155	2,486	Net Income, GAAP
- -	5.61	3.72	2.67	4.77	3.5	4.17	7.32	14.4	6.41	3.56	12.9	- -	13.39	35.33	- -	7.32	Effective Tax Rate (%)
-134.2	157.98	241.18	369.81	200.99	277	237.41	132.09	63.68	165.39	308.79	75.36	-173.17	72.94	28.49	-8.67	132.09	Profit Margin (%)
65	-2,534	10	-71	-1,013	-1,048	-1,180	-4,141	-1,212	-1,146	-1,075	-4,703	-4,568	-2,474	-2,922	-1,539	-4,141	Working Capital
2,343	- -	2,772	2,794	3,879	8,860	8,881	7,229	10,230	9,286	8,459	4,980	5,165	7,241	7,480	8,998	7,229	LT Debt
6,156	8,833	10,334	13,228	14,978	19,109	22,376	24,106	24,545	26,888	32,013	32,624	28,632	29,183	28,927	28,080	24,106	Total Equity
- -	4.41	4.05	3.84	3.78	3.34	3.3	3.3	3.11	3.4	3.27	2.82	- -	2.78	1.97	- -	3.4	Return on Invested Capital (%)
- -	11.66	29.06	35.19	12.67	15.3	13.31	7.85	3.99	9.23	15.81	4.15	- -	3.74	1.69	- -	7.77	Return on Capital (%)
-12.29	14.34	44.23	50.57	15.78	21.32	18.91	10.69	5.17	12.45	20.34	4.57	-10.43	4.56	1.73	-0.54	10.69	Return on Common Equity (%)

	Jun'15	Sep'15	Dec'15
Total Current Assets	907	517	784
Accounts Receivable, Net	42	77	39
Cash, Cash Equivalents & STI	836	440	710
Inventories	- -	- -	- -
Total Current Liabilities	5,023	4,652	4,925
Payables & Accruals	1,091	914	1,096
ST Debt	3,792	3,594	3,780
Deferred Revenue	32	- -	22

	Jun'15	Sep'15	Dec'15
ST Debt	3,792	3,594	3,780
LT Borrowings	7,217	7,223	7,229
LT Finance Leases	- -	- -	- -
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	1,879	1,883	1,886
Market Capitalization	8,075	7,746	8,498

Fortune Real Estate Investment Trust

Growth Rates

(avg. rate of change)

Growth Rates

(avg. rate of change)

Working Capital

Quarterly Revenue

Year

Capital Structure

Quarterly Dividends Per Share

Year

Quarterly Earnings Per Share

Year