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27/07/2018 18:08
Fortune: The second half of the year is cautiously optimistic and the rise in rents for renewal this year is kept double digit
"Economic News Agency 27th Newsletter "Fortune REIT (00778) Announced the provisional results at the end of June, the rate of renewal of the renewal of rents was 13.6% in the first half of 1945. Although the measures of appreciation of Jiafu Jiahu had a slight impact on its operation, rental of the real estate portfolio The rate reached 96% in the middle of the year and the renewal rate was reduced to 60.7% due to the deployment of Fortune Lake by the tenants.
Fortune REIT sold a price of RMB 2 billion in the first half of this year and sold RMB 1.10 billion of the proceeds from the sale
Repayment of a bank loan due in 2019. The Debt ratio has therefore decreased and it is not necessary to refinance before
2020.
In the middle of this year, the debt ratio and the debt ratio Fortune REIT total fell to 22.3%, up from 27.4% in December of last year
.
Zhao Yu, Managing Director of Fortune REIT, said at the press conference that the current economic environment in Hong Kong is stable and that the rental situation in the second half is "cautiously optimistic" and that the market current is improving. Do the value-added measurements of Fortune Lake.
The acquisition of new projects in the future will mainly concern some local retail businesses with a high occupancy rate and a stable customer base, but will now focus on
Fujia's installation Lake in Yujian with a return on investment of 10% to 15%. She expects the rent increase for renewal this year to maintain two figures.
(kz)
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