From a reader: Hi AK, can I have your opinion on Fortune Reit at current price? Sent from my iPad My reply: I was never interested in this REIT very much because it was listed in HK$. I guess you are interested in Fortune REIT because its unit price plunged and closed at HK$5.60 a unit recently? Looking at the numbers, an estimated annual DPU of 36c means a yield of 6.43%. This is in HK$ terms. What we get in S$ terms will depend on the exchange rate at your point of entry and also at the point when the distributions are made. Messy. The REIT is trading at a significant discount to its NAV of HK$10.26 a unit. Gearing ratio at 32.7%. All this information, we can get from its presentation slides for year ended 31 Dec 2013. Interest cover ratio has been declining......