Table of Contents
Average face yield of 9.6% looks attractive ................................................................3
Analyzing Hong Kong REITs ...................................................5
Face yield/underlying yield disparity...........................................................................5
Potential areas of growth for Hong Kong REITs.........................................................9
Conclusion .................................................................................................................11
Office rental/capital value trends ...............................................................................17
Companies
Fortune Real Estate Investment Trust........................................................................20
Link REIT..................................................................................................................23
Champion REIT.........................................................................................................26