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    Real Estate

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    REIT - Retail
Fortune Real Estate Investment Trust

Fortune Real Estate Investment Trust

FRIVF
Fortune Real Estate Investment TrustUS flagOther OTC
0.66
USD
- -
- -
1.37BMarket Cap
Fortune Real Estate Investment Trust
FRIVF
(Other OTC)

Recent

price

0.66

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
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
0.86
0.82
1
Revenue per Share
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
-0.26
-0.56
1.32
Basic EPS, GAAP
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
0.51
0.51
0.63
Free Cash Flow per Basic Share
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
0.36
0.36
0.44
Dividend per Share
- -
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
13.28
12.27
12.83
Book Value per Share
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
13.28
12.27
12.82
Tangible Book Value per Share
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
2,028
2,049
1,880
Basic Weighted Avg Shares
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
1,746
1,682
1,882
Sales/Revenue/Turnover
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
64.71
63.59
65.67
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
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
-519
-1,157
2,486
Net Income, GAAP
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 (%)
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
-29.72
-68.79
132.09
Profit Margin (%)
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
-4,112
-4,960
-4,141
Working Capital
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
6,516
5,745
7,229
LT Debt
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
26,931
25,140
24,106
Total Equity
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 (%)
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 (%)
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
-1.89
-4.44
10.69
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
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
14,818
14,577
14,578

Working Capital

FRC

•

in mil. unless spec.
Jun'15
Sep'15
Dec'15
Total Current Assets
907
517
784
Cash, Cash Equivalents & STI
836
440
710
Accounts Receivable, Net
42
77
39
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

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.75%
-2.52%
-6.65%
Free Cash Flow
-0.34%
1.73%
1.97%
Net Income, GAAP
-17.53%
4.81%
122.98%
Sales/Revenue/Turnover
-1.07%
-1.8%
-3.66%
Total Cash Common Dividend
-0.96%
-4.32%
-0.21%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1,786
2024
- -
- -
- -
- -
1,746
2025
- -
- -
- -
- -
1,682

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
-0.08
2024
- -
- -
- -
- -
-0.26
2025
- -
- -
- -
- -
-0.56

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.43
2024
- -
- -
- -
- -
0.36
2025
- -
- -
- -
- -
0.36
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Business
Fortune Real Estate Investment Trust (FRIVF) operates as a Hong Kong-based real estate investment trust focused on owning and managing income-producing commercial properties, primarily retail shopping malls and office buildings in prime locations. The trust's portfolio includes key assets such as Fortune City One, a large-scale shopping mall in Chai Wan, Hong Kong; City Gate, an outlet shopping arcade in Tung Chung; and Standard Chartered Bank headquarters properties in various districts, along with other retail and car park facilities; it generates revenue through long-term leases to a diverse tenant base of international and local retailers, financial institutions, and service providers. Founded in 2003 and listed on The Stock Exchange of Hong Kong Limited in 2005, Fortune REIT is externally managed by Fortune REIT Asset Management Limited, with its headquarters in Central, Hong Kong, and all operations concentrated in Hong Kong, targeting institutional and retail investors seeking stable dividend yields from real estate exposure. In recent developments, Fortune REIT completed the divestment of non-core car park assets in 2024 to optimize its portfolio for higher-yield retail properties, enhancing operational efficiency and shareholder returns. The trust also renewed key tenancy agreements with anchor tenants like Standard Chartered Bank and major retailers in late 2024, securing long-term occupancy amid Hong Kong's economic recovery post-pandemic. Additionally, Fortune REIT announced strategic enhancements to its digital asset management platform in early 2025, integrating AI-driven analytics for tenant engagement and property optimization, reflecting a shift toward technology-enabled real estate management.

Company News

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