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  1. Mainland trust firms to get clearance for reits

    Posted Jul 31st 2009, 12:00am by Staff Reporter

    ... Fulton Mak Beijing will soon permit the formation of real estate investment trusts (reits), according to reports by local media yesterday. Trust firms with registered capital of at least ... from the trusts could be invested in real estate completed or under construction, mortgage-backed bonds or loans, as well as equity stakes in property companies, which the reit would hold ...

  2. Strategy leads to record profit

    Posted Aug 06th 2012, 12:00am

    ... Josephine Bond Profit at Fortune Real Estate Investment Trust (Fortune REIT) was up a record 20.3 per cent to HK$537.4 million in the first half of this year compared with the same period ... by 24.9 per cent to HK$268.3 million. It is the strongest growth the investment trust, which holds a portfolio of 16 retail properties in Hong Kong, has seen. Distribution per unit was 15.82 HK ...

  3. Property firm prospers in testing times

    Posted Apr 02nd 2012, 12:00am

    ... Mukul Munish Prosperity Real Estate Investment Trust (Prosperity Reit) reported steady financial results for the year ended December 31, 2011 with revenue increasing by 2 per cent to HK$275.6 million. The reit says income available for distribution grew by 10.6 per cent. Correspondingly, distribution per unit to unit holders increased by 9.2 per cent. Its portfolio occupancy ...

  4. Valuations boost Regal Reit profit but payout falls

    Posted Mar 21st 2012, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Regal Real Estate Investment Trust (Regal Reit) saw a drop of more than 40 per cent in distributable income last year to HK$397.9 million, causing the final distribution per unit to decline by a similar percentage to 6.3 HK cents. 'The total distributable income in the preceding year was comparatively higher due largely to the higher ...

  5. Leasing drives growth

    Posted Mar 05th 2012, 12:00am

    ... Mukul Munish Fortune Real Estate Investment Trust announced healthy revenue and net property income for last year, backed by a better portfolio asset performance. Fortune Reit says revenue ... due to better performance from the portfolio of properties that the real estate investment trust managed during the year. The property manager says Fortune City One has demonstrated ...

  6. Fortune Reit buys two 'bargain' properties

    Posted Dec 30th 2011, 12:00am

    ... Peggy Sito peggy.sito@scmp.com Fortune Reit has agreed to buy two retail properties in Hong Kong for HK$1.9 billion. The reit will pay HK$1.25 billion for a shop at Belvedere Garden in Tsuen Wan and HK$650 million for a unit in the shopping centre at Prov ...

  7. Hui Xian's interim profit exceeds expectations

    Posted Aug 29th 2011, 12:00am

    ... John Cremer With its successful listing on the Hong Kong stock exchange in April this year, Hui Xian Real Estate Investment Trust (Reit) broke new ground. It was the first yuan-denominated equity initial public offering (IPO) outside the mainland and, at the same time, it was the first reit offering anywhere in the world denominated in yuan. The maiden interim results announced ...

  8. Prosperity tips strong gains from new leases

    Posted Aug 13th 2011, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Prosperity Real Estate Investment Trust expects lease renewals will see rental income grow by more than 10 per cent, since many of the contracts were ... business prospects, which propelled demand for office space in the city, and the drop in finance cost by nearly 40 per cent. The trust will distribute 5.95 HK cents per unit, up 7.2 per cent from ...

  9. Singaporean firm ponders listing in HK

    Posted Jul 04th 2011, 12:00am

    ... Paggie Leung in Guangzhou paggie.leung@scmp.com Singaporean developer Ascendas said it was considering listing a real estate investment trust (reit) in Hong Kong, which would make ... India Trust in Singapore, the city-state's first listed business trust holding. The company first entered the mainland in 1995, when it pioneered the ready-built facility industrial park ...

  10. Consumer confidence boosts returns for Link

    Posted Jun 07th 2012, 12:00am

    ... Paggie Leung paggie.leung@scmp.com The Link Real Estate Investment Trust's distributable income for the year to March has increased by nearly a fifth on the back of strong consumer ... as the distribution per unit is 1-2 per cent higher than our forecast of 127 HK cents,' said Jeff Yau Check-man, analyst at DBS Vickers Hong Kong. The property trust, which owns 182 retail and car park ...




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