- Investing.com
Fortune Real Estate Investment Trust is a real estate investment trust constituted by a trust deed (as amended 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 17 retail properties, with 16 private housing estate retail properties in Hong Kong and 1 neighborhood mall in Singapore, comprising approximately 3 million sq. ft. of retail space and 2,793 car parking spaces. The retail properties are Fortune City One, +WOO, Ma On Shan Plaza, Metro Town, Belvedere Square, Laguna Plaza, Fortune Metropolis, Waldorf Avenue, Caribbean Square, Jubilee Square, Tsing Yi Square, Smartland, Stars of Kovan Property, Hampton Loft, Centre de Laguna, 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. Fortune Real Estate Investment Trust was established on July 04, 2003 and incorporated in Hong Kong.
Metrics to compare | 0778 | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship Relationship0778PeersSector | |
|---|---|---|---|---|
P/E Ratio | −8.6x | 9.9x | 9.2x | |
PEG Ratio | 0.07 | 0.08 | 0.01 | |
Price/Book | 0.4x | 0.8x | 0.9x | |
Price / LTM Sales | 5.9x | 6.4x | 3.9x | |
Upside (Analyst Target) | 16.8% | 8.5% | 15.8% | |
Fair Value Upside | Unlock | −9.9% | 1.4% | Unlock |