by on June 28, 2025
Fortune REIT: First listed on the Singapore Exchange in 2003, it later twin-listed in Hong Kong (2010). The initial IPO proceeds have been used for the acquisition of the initial portfolio of 5 belongings from its sponsor - Cheung Kong (Holdings) Limited. With Hong Kong REITs offering yields typically exceeding these of other asset classes, the inclusion is more likely to channel significant capital into these securities, further amplifying valuation increases. I'm not judging the choice to take...
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