Fortress REIT Limited (FFB.JO)

ZAc 2013.0

(-0.3%)

Market Cap (In ZAc)

24.19 Billion

Revenue (In ZAc)

6.51 Billion

Net Income (In ZAc)

4.33 Billion

Avg. Volume

2.56 Million

Currency
ZAc
Country
Real Estate
Open
-
Prev. Close
-
Day Range
-
Year Range
1347.0-2125.0
PE
-
EPS
-
Beta Value
1.644
ISIN
ZAE000248506
CUSIP
-
CIK
-
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Real Estate
Industry
REIT - Diversified
CEO
Mr. Steven Brown B.Bus.Sci, C.A., C.F.A., CA(SA)
Employee Count
-
Website
https://www.fortressfund.co.za
Ipo Date
2009-10-22
Details
Fortress was listed on 22 October 2009 on the main board of the Johannesburg Stock Exchange Limited as a property loan stock company. It listed with an initial market capitalisation of R1.8 billion, making it the largest initial listing in the listed property sector. Fortress converted to a Real Estate Investment Trust REIT on 1 July 2013. Fortress is a hybrid fund, investing in both direct property as well as other listed property stocks and REITs. It focusses on the development of prime real estate logistics assets as well as investments into its retail portfolio. Currently Fortress portfolio includes industrial, logistics, office, retail and other properties.