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Fortress REIT Ltd

FFBJ.J

Latest Trade

914.00ZAc

Change

19.00(+2.12%)

Volume

1,376,629

Today's Range

891.00

 - 

920.00

52 Week Range

862.00

 - 

1,628.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Fortress Reit Posts FY Total IFRS Revenue Of 3.63 Bln Rand

Sept 3 (Reuters) - Fortress Reit Ltd <FFBJ.J>::FORTRESS SHORT-FORM ANNOUNCEMENT FOR THE YEAR ENDED 30 JUNE 2019.EXITED NON-CORE INVESTMENTS TOTALLING R3,4 BILLION IN FY.APPROVED FINAL DIVIDENDS OF 73,62000 CENTS PER SHARE AND 78,01000 CENTS PER SHARE FOR HY ENDED 30 JUNE 2019.SEES TOTAL DISTRIBUTABLE INCOME TO INCREASE BY ABOUT 1% FOR COMING FY.SEES DISTRIBUTION ON FFA SHARE TO INCREASE BY LOWER OF CPI OR 5% TO ABOUT 155,8 CENTS PER SHARE FOR COMING FY.SEES DISTRIBUTION PER FFB SHARE OF BETWEEN 148 AND 153 CENTS PER SHAR FOR COMING FY.NO MATERIAL ADVERSE CHANGE IN VALUE OF INVESTMENT PROPERTY UNDER DEVELOPMENT WHICH INCLUDES STRATEGIC LAND HOLDINGS.FY IFRS TOTAL REVENUE (INCLUDING REVENUE FROM INVESTMENTS) 3.63 BILLION RAND, DOWN 0,1%.FY IFRS HEADLINE EARNINGS PER SHARE 104,12 CENTS.

Fortress REIT Says Mark Stevens Stepped Down As Chief Executive Officer

July 8 (Reuters) - Fortress Reit Ltd <FFBJ.J>::FORTRESS REIT LTD - MARK STEVENS STEPPED DOWN AS CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR OF FORTRESS WITH EFFECT FROM 8 JULY 2019.FORTRESS REIT LTD - STEVENS WILL REMAIN ON BOARD AS AN EXECUTIVE DIRECTOR UNTIL 30 SEPTEMBER 2019.FORTRESS REIT LTD - STEVEN BROWN WAS DESIGNATED AS NEXT CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR OF FORTRESS..FORTRESS REIT LTD - MARK, STEVEN WILL CONTINUE TO WORK CLOSELY TO ENSURE THAT SMOOTH CHANGEOVER IN ROLE OF CEO, MD OCCURS.

Fortress Reit Sees FY Total Distributable Income Growth Of Between 3% And 4%

May 24 (Reuters) - Fortress Reit Ltd <FFBJ.J>::DISTRIBUTION GUIDANCE FY19/FY20 AND 30 JUNE 2019 PRE-CLOSE WEBCAST.IN RESPECT OF FINANCIAL YEAR ENDING 30 JUNE 2020, BOARD EXPECTS TOTAL DISTRIBUTABLE INCOME GROWTH OF BETWEEN 3% AND 4%.SEES DISTRIBUTION/FORTRESS B SHARE AT LOW END OF PREVIOUSLY GUIDED RANGE OF 155 CENTS PER SHARE TO 163 CENTS PER SHARE FOR 2019.ASSUMING DISTRIBUTION GROWTH OF 5% FOR EARNINGS PER SHARE, SEES DISTRIBUTION/B EARNINGS PER SHARE FOR 2020 FINANCIAL YEAR TO BE BETWEEN 157 CENTSPER SHARE & 164 CENTSPER SHARE.

Fortress REIT Says Fairtree Now Holds 9.66 Pct Of Fortress' B Ordinary Shares

April 18 (Reuters) - Fortress Reit Ltd <FFBJ.J>::FORTRESS REIT- FAIRTREE ACQUIRES CO'S B ORDINARY SHARES, SUCH THAT FAIRTREE'S CLIENTS NOW HOLD 9.66% OF FORTRESS' B ORDINARY SHARES IN ISSUE.

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

April 4 (Reuters) - Fortress Reit Ltd <FFBJ.J>::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.

Fortress REIT Says Allan Gray's Clients Now Hold 10.17 Pct Of Co

March 22 (Reuters) - Fortress Reit Ltd <FFBJ.J>::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.

Fortress REIT Expects FY 2019 Distributions On B Share Of Between 155 Cents And 163 Cents

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

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

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

Fortress Reit Enters Into Non-Binding Expression Of Interest To Acquire Some Properties From Resilient Reit

March 5 (Reuters) - Fortress Reit Ltd <FFBJ.J>::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.

Fortress REIT Names Steven Brown Chief Executive Officer

Dec 3 (Reuters) - Fortress Reit Ltd <FFBJ.J>::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.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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