Fortune Real Estate Investment Trust reported audited consolidated final earnings results for the year ended December 31, 2016. The company’s fiscal year 2016 total revenue and net property income rose by 5.0% and 6.5% year-on-year to HKD 1,975.4 million and HKD 1,409.8 million respectively. The growth was attributable to the healthy rental reversion across the portfolio as well as a full-year contribution of increased rental from Belvedere Square’s asset enhancement initiatives completed in the second half of 2015. Net asset value per unit amounted to HKD 12.90 as at 31 December 2016, up 1.1% from HKD 12.76 at the end of 2015. Profit before taxation and transactions with unit holders were HKD 1,469,564,000 compared to HKD 2,682,646,000 a year ago. Profit for the year, before transactions with unit holders was HKD 1,257,913,000 compared to HKD 2,486,186,000 a year ago. Profit for the year, after transactions with unit holders was HKD 322,722,000 compared to HKD 1,601,616,000 a year ago. Income available for distribution to unitholders was HKD 935,191,000 against HKD 884,570,000 a year ago. Basic earnings per unit were 66.33 cents compared to 132.00 cents a year ago.