Latest Quarter
2026-04-08
Fortune Real Estate Investment Trust (0778.HK)
Revenue
$854M
Net Income
-$653M
Operating Margin
64.7%
Free Cash Flow
$1.0B
Debt / Assets
31.6%
Values are in USD and rounded to the nearest whole number unless noted.
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| Income Statement (Quarterly) | 2026-04-08 | 2025-12-31 | 2025-06-30 | 2025-03-31 |
|---|---|---|---|---|
| Revenue | 854,465,000 | 848,683,000 | 854,465,000 | 427,232,500 |
| Cost of Revenue | 288,554,000 | 312,236,000 | 288,554,000 | 144,277,000 |
| Gross Profit | 565,911,000 | 536,447,000 | 565,911,000 | 282,955,500 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 0 | 0 | 0 |
| SG&A Expenses | 12,656,000 | 0 | 12,656,000 | 6,328,000 |
| Operating Expenses | 12,656,000 | 12,181,000 | 12,656,000 | 6,328,000 |
| Operating Income | 553,255,000 | 524,266,000 | 553,255,000 | 276,627,500 |
| Interest Expense | 0 | 187,401,000 | 172,237,000 | 0 |
| Income Before Tax | -602,111,000 | -434,563,000 | -602,111,000 | -301,055,500 |
| Income Tax Expense | 51,250,000 | 69,288,000 | 51,250,000 | 25,625,000 |
| Net Income | -653,361,000 | -503,851,000 | -653,361,000 | -326,680,500 |
| Per Share | ||||
| EPS | -0.32 | -0.25 | -0.32 | -0.16 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Statement (Annual) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | 1,757,254,000 | 1,746,262,000 | 1,785,894,000 | 1,764,355,000 | 1,806,397,000 |
| Cost of Revenue | 612,537,000 | 594,400,000 | 585,289,000 | 597,868,000 | 595,111,000 |
| Gross Profit | 1,144,717,000 | 1,151,862,000 | 1,200,605,000 | 1,166,487,000 | 1,211,286,000 |
| Operating Expenses | |||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 21,797,000 | 27,600,000 | 27,139,000 | 0 |
| Operating Expenses | 164,711,000 | 21,797,000 | 27,600,000 | 604,000 | 2,402,000 |
| Operating Income | 980,006,000 | 1,130,065,000 | 1,173,005,000 | 998,706,000 | 1,208,884,000 |
| Interest Expense | 414,596,000 | 541,129,000 | 510,840,000 | 221,501,000 | 107,214,000 |
| Income Before Tax | -1,036,674,000 | -382,362,000 | -4,155,000 | 777,205,000 | 1,521,144,000 |
| Income Tax Expense | 120,538,000 | 136,613,000 | 150,765,000 | 274,569,000 | 203,630,000 |
| Net Income | -1,157,212,000 | -518,975,000 | -154,920,000 | 502,636,000 | 1,317,514,000 |
| Per Share | |||||
| EPS | -0.56 | -0.26 | -0.08 | 0.25 | 0.68 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Balance Sheet (Quarterly) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Cash and Cash Equivalents | 65,738,000 | 96,646,000 | 106,718,000 | 206,864,000 |
| Short Term Investments | 0 | 0 | 4,610,000 | 0 |
| Net Receivables | 76,228,000 | 59,371,000 | 0 | 107,443,000 |
| Inventory | 0 | 0 | 0 | 0 |
| Total Current Assets | 141,966,000 | 198,924,000 | 205,134,000 | 322,410,000 |
| Property Plant Equipment | 0 | 38,055,878,000 | 0 | 39,503,270,000 |
| Goodwill and Intangibles | 0 | 0 | 0 | 0 |
| Total Assets | 36,745,682,000 | 38,459,437,000 | 39,510,298,000 | 40,335,183,000 |
| Liabilities | ||||
| Account Payables | 0 | 422,712,000 | 446,326,000 | 474,150,000 |
| Short Term Debt | 4,115,812,000 | 3,295,941,000 | 660,000,000 | 2,097,565,000 |
| Total Current Liabilities | 4,115,812,000 | 4,310,885,000 | 1,744,536,000 | 3,243,964,000 |
| Long Term Debt | 5,744,990,000 | 6,516,104,000 | 8,998,374,000 | 7,480,197,000 |
| Total Liabilities | 11,606,051,000 | 11,528,684,000 | 11,430,198,000 | 11,407,882,000 |
| Shareholders Equity | ||||
| Retained Earnings | 0 | 18,406,250,000 | 19,648,655,000 | 20,614,194,000 |
| Total Shareholders Equity | 25,139,631,000 | 26,930,753,000 | 28,080,100,000 | 28,927,301,000 |
| Balance Sheet (Annual) | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Assets | |||||
| Cash and Cash Equivalents | 65,738,000 | 96,646,000 | 106,718,000 | 206,864,000 | 117,962,000 |
| Short Term Investments | 0 | 0 | 4,610,000 | 0 | 0 |
| Net Receivables | 76,228,000 | 59,371,000 | 0 | 107,443,000 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 141,966,000 | 198,924,000 | 205,134,000 | 322,410,000 | 203,699,000 |
| Property Plant Equipment | 0 | 38,055,878,000 | 0 | 39,503,270,000 | 0 |
| Goodwill and Intangibles | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 36,745,682,000 | 38,459,437,000 | 39,510,298,000 | 40,335,183,000 | 39,724,711,000 |
| Liabilities | |||||
| Account Payables | 0 | 422,712,000 | 446,326,000 | 474,150,000 | 494,425,000 |
| Short Term Debt | 4,115,812,000 | 3,295,941,000 | 660,000,000 | 2,097,565,000 | 1,599,600,000 |
| Total Current Liabilities | 4,115,812,000 | 4,310,885,000 | 1,744,536,000 | 3,243,964,000 | 2,677,654,000 |
| Long Term Debt | 5,744,990,000 | 6,516,104,000 | 8,998,374,000 | 7,480,197,000 | 7,240,917,000 |
| Total Liabilities | 11,606,051,000 | 11,528,684,000 | 11,430,198,000 | 11,407,882,000 | 10,541,533,000 |
| Shareholders Equity | |||||
| Retained Earnings | 0 | 18,406,250,000 | 19,648,655,000 | 20,614,194,000 | 0 |
| Total Shareholders Equity | 25,139,631,000 | 26,930,753,000 | 28,080,100,000 | 28,927,301,000 | 29,183,178,000 |
| Cash Flow Statement (Quarterly) | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | -518,975,000 | -4,155,000 | 777,205,000 | 1,317,514,000 |
| Depreciation & Amortization | 0 | 0 | 0 | 0 |
| Stock Based Compensation | 116,190,000 | 0 | 118,418,000 | 0 |
| Change in Working Capital | -52,003,000 | 15,611,000 | 12,391,000 | -26,556,000 |
| Operating Cash Flow | 1,031,769,000 | 1,163,278,000 | 1,171,762,000 | 1,090,809,000 |
| Investing Activities | ||||
| Capital Expenditure | -85,039,000 | -113,447,000 | -168,000,000 | 0 |
| Investments | 0 | 0 | -168,000,000 | 0 |
| Investing Cash Flow | -84,682,000 | -113,092,000 | -672,930,000 | -66,974,000 |
| Financing Activities | ||||
| Debt Repayment | 149,143,000 | 69,402,000 | -1,875,000,000 | -4,350,000,000 |
| Common Stock Issued/Repurchased | 0 | 0 | 0 | 0 |
| Dividends Paid | -732,476,000 | -868,009,000 | -849,095,000 | -971,992,000 |
| Financing Cash Flow | -957,159,000 | -1,150,332,000 | -409,930,000 | -1,083,040,000 |
| Summary | ||||
| Free Cash Flow | 1,031,769,000 | 1,049,831,000 | 1,003,762,000 | 1,090,809,000 |
| Net Change in Cash | -10,072,000 | -100,146,000 | 88,902,000 | -59,205,000 |
| Cash Flow Statement (Annual) | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -518,975,000 | -4,155,000 | 777,205,000 | 1,317,514,000 | -3,192,958,000 |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 |
| Stock Based Compensation | 116,190,000 | 0 | 118,418,000 | 0 | 0 |
| Change in Working Capital | -52,003,000 | 15,611,000 | 12,391,000 | -26,556,000 | -47,253,000 |
| Operating Cash Flow | 1,031,769,000 | 1,163,278,000 | 1,171,762,000 | 1,090,809,000 | 979,998,000 |
| Investing Activities | |||||
| Capital Expenditure | -85,039,000 | -113,447,000 | -168,000,000 | 0 | 0 |
| Investments | 0 | 0 | -168,000,000 | 0 | 0 |
| Investing Cash Flow | -84,682,000 | -113,092,000 | -672,930,000 | -66,974,000 | -54,758,000 |
| Financing Activities | |||||
| Debt Repayment | 149,143,000 | 69,402,000 | -1,875,000,000 | -4,350,000,000 | -5,545,000,000 |
| Common Stock Issued/Repurchased | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -732,476,000 | -868,009,000 | -849,095,000 | -971,992,000 | -929,059,000 |
| Financing Cash Flow | -957,159,000 | -1,150,332,000 | -409,930,000 | -1,083,040,000 | -884,448,000 |
| Summary | |||||
| Free Cash Flow | 1,031,769,000 | 1,049,831,000 | 1,003,762,000 | 1,090,809,000 | 979,998,000 |
| Net Change in Cash | -10,072,000 | -100,146,000 | 88,902,000 | -59,205,000 | 40,792,000 |