Fortune Real Estate Investment Trust
Market Cap
HK$12.6b
Last Updated
2020/10/31 12:33 UTC
Data Sources
Company Financials +
Executive Summary
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). More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with moderate growth potential.
Share Price & News
How has Fortune Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 778 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.1%
778
-4.0%
HK REITs
-2.8%
HK Market
1 Year Return
-30.2%
778
-32.8%
HK REITs
-1.7%
HK Market
Return vs Industry: 778 exceeded the Hong Kong REITs industry which returned -32.8% over the past year.
Return vs Market: 778 underperformed the Hong Kong Market which returned -1.7% over the past year.
Shareholder returns
| 778 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | -4.0% | -2.8% |
| 30 Day | -0.5% | -4.0% | 2.7% |
| 90 Day | -4.3% | -3.6% | -0.4% |
| 1 Year | -25.7%-30.2% | -29.5%-32.8% | 2.3%-1.7% |
| 3 Year | -19.7%-32.1% | -10.6%-22.2% | -8.7%-18.6% |
| 5 Year | 7.2%-18.7% | 28.8%0.6% | 13.7%-5.4% |
Price Volatility Vs. Market
How volatile is Fortune Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Fortune Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
33.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 778 (HK$6.46) is trading below our estimate of fair value (HK$9.76)
Significantly Below Fair Value: 778 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 778 is unprofitable, so we can't compare its PE Ratio to the XA REITs industry average.
PE vs Market: 778 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 778's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 778's PB Ratio (0.4x) is in line with the HK REITs industry average.
Next Steps
Future Growth
How is Fortune Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
39.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 778 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: 778 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 778's is expected to become profitable in the next 3 years.
Revenue vs Market: 778's revenue (1.7% per year) is forecast to grow slower than the Hong Kong market (13.3% per year).
High Growth Revenue: 778's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 778's Return on Equity is forecast to be low in 3 years time (2.9%).
Next Steps
Past Performance
How has Fortune Real Estate Investment Trust performed over the past 5 years?
-6.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 778 is currently unprofitable.
Growing Profit Margin: 778 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 778 is unprofitable, and losses have increased over the past 5 years at a rate of 6.9% per year.
Accelerating Growth: Unable to compare 778's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 778 is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (1.3%).
Return on Equity
High ROE: 778 has a negative Return on Equity (-6.05%), as it is currently unprofitable.
Next Steps
Financial Health
How is Fortune Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: 778's short term assets (HK$317.7M) do not cover its short term liabilities (HK$5.0B).
Long Term Liabilities: 778's short term assets (HK$317.7M) do not cover its long term liabilities (HK$5.6B).
Debt to Equity History and Analysis
Debt Level: 778's debt to equity ratio (29.8%) is considered satisfactory.
Reducing Debt: 778's debt to equity ratio has reduced from 46.9% to 29.8% over the past 5 years.
Debt Coverage: 778's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: 778 is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Fortune Real Estate Investment Trust current dividend yield, its reliability and sustainability?
7.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 778's dividend (7.94%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.31%).
High Dividend: 778's dividend (7.94%) is in the top 25% of dividend payers in the Hong Kong market (7.02%)
Stability and Growth of Payments
Stable Dividend: 778's dividends per share have been stable in the past 10 years.
Growing Dividend: 778's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (87.8%), 778's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 778's dividends in 3 years are not forecast to be well covered by earnings (121.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average board tenure
CEO
Justina Chiu (39 yo)
5.58yrs
Tenure
Ms. Yu Chiu, also known as Justina, CFA, has been the Chief Executive Officer at ARA Asset Management Limited, a manager of Fortune Real Estate Investment Trust since February 3, 2015. Ms. Chiu serves as a ...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director of ARA Asset Management (Fortune) Limited | 5.58yrs | no data | no data | |
| Non-Executive Director of ARA Asset Management (Fortune) Limited | 17.75yrs | no data | no data | |
| Non-Executive Director of ARA Asset Management (Fortune) Limited | 17.75yrs | no data | no data | |
| Non-Executive Director of ARA Asset Management (Fortune) Limited | 17.42yrs | no data | 0.16% HK$ 20.0m | |
| Non-Executive Director of ARA Asset Management (Fortune) Limited | 5.25yrs | no data | no data | |
| Independent Non Executive Chairman of ARA Asset Management (Fortune) Limited | 3.75yrs | no data | no data | |
| Independent Non-Executive Director of ARA Asset Management Limited | 3.75yrs | no data | no data | |
| Independent Non-Executive Director of ARA Asset Management (Fortune) Limited | 3.58yrs | no data | no data | |
| Independent Non-Executive Director of ARA Asset Management (Fortune) Limited | 3.17yrs | no data | no data |
5.3yrs
Average Tenure
63yo
Average Age
Experienced Board: 778's board of directors are considered experienced (5.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Fortune Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Fortune Real Estate Investment Trust
- Ticker: 778
- Exchange: SEHK
- Founded: 2003
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: HK$12.628b
- Shares outstanding: 1.95b
- Website: https://www.fortunereit.com/html/index.php
Location
- Fortune Real Estate Investment Trust
- 5 Temasek Boulevard
- No. 12-01 Suntec Tower Five
- Singapore
- 38985
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FRIV.F | OTCPK (Pink Sheets LLC) | Yes | Units | US | USD | Aug 2003 |
| 778 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Units | HK | HKD | Aug 2003 |
Biography
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 Ho ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/31 12:33 |
| End of Day Share Price | 2020/10/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.