Regal Real Estate Investment Trust Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2017
April 12, 2018 at 04:45 am EDT
Regal Real Estate Investment Trust reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company's revenue was HKD 957,773,000 compared with HKD 973,479,000 a year ago. Profit before tax and distributions to unit holders were HKD 2,594,515,000 compared with HKD 684,694,000 a year ago. Profit for the year, before distributions to unitholders was HKD 2,488,325,000 compared with HKD 563,980,000 a year ago. Profit for the year, after distributions to unitholders was HKD 1,986,681,000 compared with HKD 62,336,000 a year ago. Basic and diluted earnings per unit attributable to unitholders were HKD 0.764 compared to HKD 0.173 a year ago. Gross rental revenue was HKD 922.93 million compared with HKD 939.521 million a year ago. Net asset value per unit attributable to unitholders was HKD 4.754 compared to HKD 4.125 a year ago. Core profit, excluding the fair value changes on investment properties, amounted to HKD 444.1 million compared to HKD 472.7 million a year ago. Net cash flows from operating activities were HKD 492,978,000 against HKD 556,435,000 a year ago. Purchases of items of property, plant and equipment were HKD 2,671,000 against HKD 847,000 a year ago.