Brief: Fortune REIT Says FY Net Property Income HK$1,480.9 Mln

Fortune Real Estate Investment Trust

04/02/2020 10:32

Feb 4 (Reuters) - Fortune Real Estate Investment Trust
 0778.HK :
    * FY NET PROPERTY INCOME HK$ 1,480.9 MILLION VERSUS
HK$1,471.8
MILLION
    * FY REVENUE HK$1,959.7 MILLION VERSUS HK$1,940.1 MILLION
    * DISTRIBUTION PER UNIT 51.28 HK CENTS FOR FY
    * CORONAVIRUS, LOCAL SOCIAL INCIDENTS IN HK AND SLOWDOWN IN
CHINESE ECONOMY TO ADVERSELY IMPACT RETAIL MARKET IN NEAR TERM
    * RENT REDUCTIONS WILL IMPAIR NEAR-TERM RENTAL GROWTH
PROSPECTS

Source text for Eikon:  ID:nHKS7Tnnn2 
Further company coverage:  0778.HK 

 ((Reuters.Briefs@thomsonreuters.com;))