Fortune REIT is a dual-listed REIT that trades on the Stock Exchange of Hong Kong and Singapore Exchange. The REIT currently owns a portfolio of 16 retail properties located in Hong Kong worth HK$42.0 billion.

I received a copy of Fortune REIT’s latest annual report and I’ll be giving an update on Fortune REIT’s latest financial results, long-term performance, and valuation. Here are 12 things to know about Fortune REIT before you invest:

1. Fortune REIT’s portfolio value has grown at a compounded annual growth rate (CAGR) of 15.5% over the past 10 years. It has grown from a portfolio of 14 properties worth HK$11.5 billion in 2009 to 16 properties valued at HK$42.0 billion as at 31 December 2018. This is due to capital appreciation of its existing properties and the acquisition of new properties such as Belvedere Square, Fortune Kingswood, and Laguna Plaza during the period.