Fortune REIT reported QQ3 2024 revenue of HKD 437.24 million and gross profit of HKD 284.12 million, with operating income of HKD 279.43 million and a reported net loss of HKD 241.29 million. The quarterly bottom line was dominated by a sizable Net Other Income/Expenses charge of HKD -489.64 million and a depreciation/amortization figure shown as a negative HKD -279.43 million, resulting in a negative net income despite a robust operating margin (operating income margin ~63.9%). On a YoY basis, revenue and gross profit were broadly stable (YoY revenue -0.3%, gross profit -0.8%), but QoQ results deteriorated sharply (revenue -49.8%, gross profit -51.3%, operating income -51.1%), reflecting seasonality and the meaningfully negative non-operating items this quarter. Net income declined to a negative HKD 241.29 million, with EPS of -HKD 0.12. The company maintains a strong equity base (HKD 26.93b) and a large real estate portfolio (16 properties totaling ~3.0 million sq ft of retail space), but reports limited liquidity with current ratio and quick ratio both well below 1.0 (0.0461 and 0.0461 respectively) and a cash balance of HKD 96.65 million at quarter end. Dividend yield stands at about 4.12%, though the negative earnings backdrop implies dividend sustainability hinges on recurring cash flow and distributable income going forward.