Fortune REIT is a dual listed REIT in both Hong Kong and Singapore. It is primarily a retail REIT which consists of 17 suburban malls in Hong Kong.

A notable achievement of the REIT is that it has achieved a 15.5% CAGR growth over the past 10 years. Its total portfolio value grew from HKD 11.5 billion in 2009 to HKD 42.0 billion in 2018.

Due to the protests in Hong Kong, retailers have faced with poor sales. It was mainly due to temporary closure of malls, drop in sales to tourists, etc.

According to Hong Kong Retail Management Association: “Most of its members suffered a 50 per cent sales drop in the first three weeks of August. Sales dropped 6.7 per cent in June year-on-year. It warned many retailers will have to let go of staff or go under if the unrest worsens and called