Fortune Real Estate Investment Trust (HKSE:00778) Total Assets : HK$39,510 Mil (As of Dec. 2023)

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What is Fortune Real Estate Investment Trust Total Assets?

Fortune Real Estate Investment Trust's Total Assets for the quarter that ended in Dec. 2023 was HK$39,510 Mil.

During the past 12 months, Fortune Real Estate Investment Trust's average Total Assets Growth Rate was -1.80% per year. During the past 3 years, the average Total Assets Growth Rate was 0.20% per year. During the past 5 years, the average Total Assets Growth Rate was -1.50% per year. During the past 10 years, the average Total Assets Growth Rate was 2.60% per year.

During the past 13 years, Fortune Real Estate Investment Trust's highest 3-Year average Total Assets Growth Rate was 30.20%. The lowest was -40.00%. And the median was 5.75%.

Total Assets is connected with ROA %. Fortune Real Estate Investment Trust's annualized ROA % for the quarter that ended in Dec. 2023 was -2.18%. Total Assets is also linked to Revenue through Asset Turnover. Fortune Real Estate Investment Trust's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

Fortune Real Estate Investment Trust Total Assets Historical Data

The historical data trend for Fortune Real Estate Investment Trust's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fortune Real Estate Investment Trust Total Assets Chart

Fortune Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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43,049.49

39,336.26

39,724.71

40,335.18

39,510.30

Fortune Real Estate Investment Trust Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															39,724.71	39,864.52	40,335.18	40,261.66	39,510.30

Fortune Real Estate Investment Trust Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Fortune Real Estate Investment Trust's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	28080.1	+	11430.198
	=	39,510

Fortune Real Estate Investment Trust's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	28080.1	+	11430.198
	=	39,510

Fortune Real Estate Investment Trust (HKSE:00778) Total Assets Explanation

Total Assets is connected with ROA %.

Fortune Real Estate Investment Trust's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-868.106	/	( (40261.655	+	39510.298)	/ 2 )
	=	-868.106	/	39885.9765
	=	-2.18 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Fortune Real Estate Investment Trust's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	877.206	/	( (40261.655	+	39510.298)	/ 2 )
=	877.206	/	39885.9765
=	0.02

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Fortune Real Estate Investment Trust Total Assets Related Terms

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Fortune Real Estate Investment Trust (HKSE:00778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Fortune Real Estate Investment Trust (HKSE:00778) » Definitions » Total Assets

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FRIVF:USA

Address

5 Temasek Boulevard, No. 12-01, Suntec Tower 5, Singapore, SGP, 038985

Website

https://www.fortunereit.com

Fortune Real Estate Investment Trust is a real estate company that invests in retail shopping malls located in Hong Kong and Singapore with the primary objective of producing stable distributions for unitholders and achieving long-term growth in the net asset value per unit. The trust generates the majority of its revenue from rents and leases, with the remaining revenue from utility charges, management fees, car park revenue, license fees, and other sources. Fortune REIT's tenants include supermarkets, banking, and real estate services companies, restaurants, convenience stores, and general retailers.

Executives

Ck Asset Holdings Limited
Li Ka-shing

Fortune Real Estate Investment Trust (HKSE:00778) Headlines

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