Companies ›Real Estate ›0778.HK

0778.HK — HKEX Commercial REITs

Fortune Real Estate Investment Trust

HK$4,78

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Mcap

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P/E

—

EV / Rev

—

Div yield

7,25 %

Op margin

63,6 %

ROE

-4,6 %

Net margin

-68,8 %

Debt / equity

0,39

Beta

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52w range

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Volume

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Day range

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Prev close

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Open

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Next earnings

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Ex-dividend

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TR 1Y

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About

Fortune Real Estate Investment Trust operates as a commercial REIT, generating income primarily through property rentals and real estate investments.

Business. Fortune Real Estate Investment Trust (0778.HK) is a commercial real estate investment trust listed on the Hong Kong Stock Exchange. The company operates within the commercial REITs industry, generating revenue primarily through rental income. Specific details regarding its operating segments, headquarters location, and geographic mix are not provided in the available data.

Classification92 %

SectorReal Estate

IndustryCommercial REITs

Generated · model-assisted

Sell-side consensus

BUY4 analysts

3 buy1 hold0 sell

Avg 12m price target5,67

Analyst recommendations

4 analysts · consensus Buy

Buy3

Hold1

Sell0

12-month price target

5,67

Consensus of sell-side coverage.

Upcoming events

— missing data

See all catalysts →

At a glance

Score

—

not yet scored

Valuation

—

valuation pending

Analysts→

Buy

4 analysts · indicative

Ownership

—

not yet wired

Profitability→

-4,6 %

return on equity

Quality

—

not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning 0778.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to 0778.HK. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Fortune Real Estate Investment Trust (0778.HK) is a commercial real estate investment trust listed on the Hong Kong Stock Exchange. The company operates within the commercial REITs industry, generating revenue primarily through rental income. Specific details regarding its operating segments, headquarters location, and geographic mix are not provided in the available data.

Classification92 %

SectorReal Estate

IndustryCommercial REITs

AI synthesis

GENERATED

Fortune Real Estate Investment Trust has a debt-to-equity ratio of 0.39, indicating a relatively conservative capital structure. However, the company's current ratio of 0.04 suggests significant liquidity constraints, as current assets are far below current liabilities. The negative net income of -1,157,212,000 HKD and a free cash flow of -1,888,182,000 HKD further highlight the company's financial stress.

The company's profitability is underperforming, with a return on equity of -4.6% and a return on assets of -3.15%. These figures are below the typical performance metrics for commercial REITs, indicating that the company is not effectively utilizing its equity and asset base to generate returns.

Fortune Real Estate Investment Trust's revenue is primarily concentrated in its commercial real estate operations, with no disclosed geographic diversification. This concentration increases the company's exposure to regional economic downturns and property market fluctuations.

The company's growth trajectory is uncertain, with no specific revenue growth projections provided. The negative net income and free cash flow suggest that the company may struggle to sustain or grow its operations without external financing or operational improvements.

The company faces moderate liquidity risk, as indicated by the negative net cash position after subtracting total debt. The risk of dilution is currently low, but the company's financial stress may necessitate future equity issuances, which could dilute existing shareholders.

Recent financial filings and transcripts indicate that the company is under pressure to improve its financial performance. Analysts have provided a mean price target of 5.67 HKD, with a median of 5.77 HKD, suggesting a cautious outlook.

Key takeaways

Fortune Real Estate Investment Trust has a conservative capital structure but faces significant liquidity constraints.
The company's profitability is underperforming, with negative returns on equity and assets.
Revenue is concentrated in commercial real estate, increasing exposure to regional economic risks.
The company's growth trajectory is uncertain, with no clear projections for improvement.
Analysts have a cautious outlook, with a mean price target of 5.67 HKD.

Bull / Bear case

Generated · model-assisted

— missing data

In focus — financials by report

Valuation

Market price

HK$4,78

Market cap

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Enterprise valueⓘ

—

P/Eⓘ

—

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

—

EV / Op incomeⓘ

—

EV / OCFⓘ

—

P / Bⓘ

—

P / Tangible bookⓘ

—

Tangible book

HK$25.14B

Net cashⓘ

-HK$9.86B

Current ratioⓘ

0.0

Debt / equityⓘ

0.4

ROAⓘ

-3.1%

ROEⓘ

-4.6%

Cash conversionⓘ

-91.0%

CapEx / revenueⓘ

—

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Next quarternear-term

Earnings · next quarterconf 45 %

EPS

Consensus EPS

0,29

Predicted surprise

+0,00

Beat probability

45 %

Analysts

Other metrics

Revenue

—

no estimate

Segment revenue

—

no estimate

Margin

—

no estimate

Segment margin

—

no estimate

as of 2026-05-20 · Earnings Surprise V1

Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.

Full fiscal year~1 year ahead

Full fiscal year · our forecast vs guidance vs consensus

Metric	Our forecast	Guidance	Consensus
EPS	—no estimate	—no estimate	0,29
Revenue	—no estimate	—no estimate	1,7B HKD
Operating income	—no estimate	—no estimate	1,1B HKD

Full-year consensus mean (period as reported by source) · consensus in HKD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.

Probabilistic model output — not investment advice. · generated 2026-08-04

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Consensus distribution

sell-side coverage

Recommendation distribution4 analysts

Strong buy2

Buy1

Hold1

Sell0

Strong sell0

12-month price targetHK$5,67 · Median HK$5,77

Low HK$5,13High HK$6,00

Operating income · consensus1,1B HKD

EPS surprise

+21,5 %

reported vs consensus · beat

Revenue surprise

+0,7 %

reported vs consensus · beat

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

LowHK$5,13

MeanHK$5,67

MedianHK$5,77

HighHK$6,00

SpotHK$4,78

+18.6 %implied to mean12-month sell-side price targets · ▲ spot

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin63,6 %Above median

Net Margin-68,8 %Bottom quartile

ROE-4,6 %Bottom quartile

D/E0,39Above median

Cash Conv-0,91Bottom quartile

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income
Return On Assets
net_income / total_assets

Source documents

Fortune Real Estate Investment Trust Market data — financials · 2026-05-26
Fortune Real Estate Investment Trust Market data — analyst estimates · 2026-05-26

Ownership & reference

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

0778.HKCanonical

HKEX · HKD

Intel & risk

PredictorBeat prob45 %Surprise+0,00Full forecast →

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

Analyst recommendations

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Consensus distribution

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread