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Fortress Reit Ltd (FFAJ.J)

FFAJ.J on Johannesburg Stock Exchange

2,160.00ZAc
26 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Fortress REIT Says Special Subcommittee Report To Be Fully Reviewed By Apr. 2019
Thursday, 4 Apr 2019 

April 4 (Reuters) - Fortress Reit Ltd ::JSE: FFB - FFA - UPDATE ON SPECIAL SUBCOMMITTEE INVESTIGATION.FORTRESS REIT - AGREED TO ALLOW PWC FURTHER TIME ALLOWING ALL PARTIES FOR FURTHER ENGAGEMENT, REVIEW AND COMMENT BEFORE REPORT IS FINALISED.FORTRESS REIT - SUBCOMMITTEE AGREED REVISED TIMELINE WITH PWC FOR COMPLETION OF REVIEW THAT WILL ENABLE SUBCOMMITTEE TO CONSIDER PWC'S REPORT.FORTRESS REIT LTD - PWC REPORT, RECOMMENDATIONS TO BOARD ON FINDINGS OF REPORT WILL BE AROUND END OF APRIL 2019..FORTRESS REIT LTD - UPDATE TO SUBCOMMITTEE ON PWC'S PROGRESS TO DATE ON REVIEW HAS NOT REVEALED ANY PRICE SENSITIVE INFORMATION.  Full Article

Fortress REIT Says Allan Gray's Clients Now Hold 10.17 Pct Of Co
Friday, 22 Mar 2019 

March 22 (Reuters) - Fortress Reit Ltd ::JSE: FFB - FFA - TRP121: NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES.FORTRESS REIT LTD - ALLAN GRAY'S CLIENTS NOW HOLD 10.1691% OF FORTRESS' A ORDINARY SHARES IN ISSUE.  Full Article

Fortress REIT Expects FY 2019 Distributions On B Share Of Between 155 Cents And 163 Cents
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Fortress Reit Ltd ::EXPECTS DISTRIBUTIONS ON FORTRESS B SHARE OF BETWEEN 155 CENTS AND 163 CENTS PER SHARE FOR FULL 2019 FINANCIAL YEAR.  Full Article

Resilient Reit Sees Impact Of Proposed Transaction With Fortress On Co's Dividend/Share To Be Largely Neutral
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Resilient Reit Ltd ::ANTICIPATED IMPACT OF PROPOSED TRANSACTION WITH FORTRESS ON CO'S DIVIDEND PER SHARE WILL BE LARGELY NEUTRAL.  Full Article

Fortress Reit Enters Into Non-Binding Expression Of Interest To Acquire Some Properties From Resilient Reit
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Fortress Reit Ltd ::DETAILED CAUTIONARY ANNOUNCEMENT REGARDING A PROPOSED ASSET SWAP WITH RESILIENT REIT LIMITED.ENTERED INTO NON-BINDING EXPRESSION OF INTEREST WITH RESILIENT REIT WHERE CO PROPOSES TO ACQUIRE SOME PROPERTIES FROM RESILIENT.CO TO ALSO ACQUIRE CO-OWNER LOAN ADVANCED BY RESILIENT IN RESPECT OF TZANEEN LIFESTYLE CENTRE, VALUED AT R59 MILLION AS AT 30 JUNE 2018.  Full Article

Fortress REIT Names Steven Brown Chief Executive Officer
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Fortress Reit Ltd ::STEVEN BROWN, INTERIM FINANCIAL DIRECTOR, HAS BEEN DESIGNATED AS NEXT CHIEF EXECUTIVE OFFICER.MARK STEVENS HAS INDICATED TO BOARD HIS INTENTION TO RETIRE WITHIN NEXT 12 MONTHS.IAN VORSTER APPOINTED AS CHIEF FINANCIAL OFFICER AND FINANCIAL DIRECTOR OF FORTRESS WITH EFFECT FROM 3 DECEMBER 2018.FAREED WANIA WILL CONTINUE TO MANAGE FORTRESS' OFFICE PORTFOLIO, BUT HAS RESIGNED AS AN EXECUTIVE DIRECTOR OF FORTRESS.  Full Article

Fortress REIT Says Subcommittee Engaged PWC On Probe On Some Investors' Concerns
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Fortress Reit Ltd ::JSE: FFB - FFA - UPDATE ON REQUEST FOR INDEPENDENT INVESTIGATION FROM INSTITUTIONAL INVESTORS.SUBCOMMITTEE REVIEWING DOCUMENTS, INFO TO INVESTIGATE ALLEGATIONS RELATING TO COMMON CONCERN RAISED BY SOME INSTITUTIONAL INVESTORS.SUBCOMMITTEE HAS ENGAGED PRICEWATERHOUSECOOPERS IN ACCORDANCE WITH THIS DEFINED SCOPE OF INVESTIGATION.SUBCOMMITTEE ANTICIPATES THAT IT WILL BE ABLE TO PROVIDE AN INTERIM UPDATE ON INVESTIGATION AT FORTRESS PRE-CLOSE ON DEC 4.  Full Article

Fortress REIT Posts FY Headline Loss Per A Share Of 383.75 Cents
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Fortress Reit Ltd ::INCREASE IN DIVIDEND FOR SIX MONTHS TO 30 JUNE 2018 ATTRIBUTABLE TO A SHARE WAS 4,29% COMPARED TO SIX MONTHS TO 30 JUNE 2017.HY DIVIDEND FOR A SHARE INCREASED FROM 67,67 CENTS TO 70,57 CENTS PER SHARE.FY TOTAL REVENUE OF 3.63 BILLION RAND VERSUS 3.89 BILLION RAND YEAR AGO.FY HEADLINE LOSS PER A SHARE 383,75 CENTS.FY HEADLINE LOSS PER B SHARE 383,75 CENTS.  Full Article

Fortress REIT Says Rual Bornman Resigned As Financial Director
Monday, 2 Jul 2018 

July 2 (Reuters) - Fortress Reit Ltd ::CHANGES TO BOARD OF DIRECTORS.RUAL BORNMAN HAS RESIGNED AS FINANCIAL DIRECTOR WITH EFFECT FROM 2 JULY 2018 FOR REASONS OF ILL-HEALTH.RUAL WILL CONTINUE TO MAKE HIS KNOWLEDGE AND EXPERIENCE AVAILABLE TO FORTRESS AND ASSIST WITH AN ORDERLY HANDOVER TO HIS REPLACEMENT.STEVEN BROWN BEEN APPOINTED AS FINANCIAL DIRECTOR WITH EFFECT FROM 2 JULY 2018, ON AN INTERIM BASIS.  Full Article