Today, Fortune REIT and Starhill Global REIT released results. They make up 1% and 2% of my Singapore stock portfolio respectively. Fortune REIT released excellent results, higher revenues, higher net income and higher dividend payouts this quarter. Both Fortune REIT and Starhill are REITs focused on shopping centers, with Fortune REIT being HK malls and Starhill being malls in Singapore, Malaysia and Japan.

Fortune REIT FY 2011 Financial Results

Q4 Revenue increased 6.5% yoy from HK$217.7 mil to $HK231.9 mil

Q4 Distributable Income increased 9.0% yoy from HK$105.7 mil to HK$115.1 mil

Q4 DPU increased 7.9% yoy from 6.32 to 6.82

FY 2011 Revenue increased 8.6% yoy from HK$837.3 mil to HK$909.4 mil

FY 2011  Distributable Income increased 8.8% yoy from HK$406.5 mil to HK$442.3 mil

FY 2011  DPU increased 8.0% yoy from 0....