Edition:
India

Fortress Reit Ltd (FFBJ.J)

FFBJ.J on Johannesburg Stock Exchange

156.00ZAc
18 Sep 2020
Change (% chg)

-7.00 (-4.29%)
Prev Close
163.00
Open
170.00
Day's High
170.00
Day's Low
146.00
Volume
6,499,373
Avg. Vol
3,243,131
52-wk High
1,083.00
52-wk Low
146.00

Latest Key Developments (Source: Significant Developments)

Fortress REIT Ltd Expects Distributable Earnings For FY2020 To Decline By About 30%
Wednesday, 26 Aug 2020 

Aug 26 (Reuters) - Fortress Reit Ltd ::FORTRESS REIT LTD - DISTRIBUTABLE EARNINGS FOR FY2020 ARE EXPECTED TO DECLINE BY APPROXIMATELY 30%.FORTRESS REIT LTD - INTENDS TO DECLARE A DIVIDEND TO FORTRESS A SHAREHOLDERS FOR SECOND INCOME PERIOD OF FINANCIAL YEAR ENDED 30 JUNE 2020.  Full Article

Fortress Reit Says Withdrawing Guidance Of Distributable Earnings For FY Year Ending June 30
Friday, 17 Apr 2020 

April 17 (Reuters) - Fortress Reit Ltd ::JSE: FFB - FFA - OPERATIONAL UPDATE AND WITHDRAWAL OF GUIDANCE.FORTRESS REIT LTD - REFINANCING OF R4,5 BILLION OF SECURED BANKING FACILITIES.FORTRESS REIT LTD - WITHDRAWING PREVIOUS GUIDANCE OF DISTRIBUTABLE EARNINGS AND DIVIDENDS RELATING TO YEAR ENDING 30 JUNE 2020.FORTRESS REIT - CREDIT APPROVAL TO EXTEND FACILITIES TOTALLING R2177 MILLION, DUE TO EXPIRE IN NOV 2020 TO MAY 2022 (R1 027 MILLION) & MAY 2023 (R1 150 MILLION).FORTRESS REIT LTD - DISPOSAL OF R420 MILLION OF PROPERTIES AS PART OF RISK MITIGATION MEASURES.FORTRESS REIT LTD - COLLECTIONS TO DATE OF TOTAL RENTAL AND RATES AND UTILITIES INVOICED FOR APRIL 2020 AMOUNT TO APPROXIMATELY 62%.FORTRESS REIT LTD - ENTERING INTO LOCAL INTEREST RATE CAPS AS OPPOSED TO SWAPS.  Full Article

Fortress Reit Says Independent Non-Executive Chairperson Intends To Retire
Thursday, 5 Mar 2020 

March 5 (Reuters) - Fortress Reit Ltd ::FORTRESS REIT - IRAJ ABEDIAN, INDEPENDENT NON-EXECUTIVE CHAIRPERSON, INTENDS TO RETIRE FROM BOARD BY END OF FY.FORTRESS REIT LTD - FORMAL PROCESS TO APPOINT A SUCCESSOR TO ABEDIAN HAS COMMENCED.  Full Article

Fortress Reit HEPS Of 68,68 Cents In HY
Thursday, 5 Mar 2020 

March 5 (Reuters) - Fortress Reit Ltd ::JSE: FFB - FFA - CONDENSED UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2019.FORTRESS REIT LTD - BOARD IS OF OPINION THAT CURRENT CAPITAL STRUCTURE IS NOT OPTIMAL.FORTRESS REIT - HY REVENUE FROM DIRECT PROPERTY OPERATIONS 1.81 BILLION RAND VERSUS 1.72 BILLION RAND.FORTRESS REIT LTD - HY HEPS 68,68 CENTS.FORTRESS REIT - HY BASIC EPS 35,97 CENTS.FORTRESS REIT - FORECAST A REDUCTION IN TOTAL DIVIDENDS FOR FULL 2020 FY.FORTRESS REIT - "ADOPTING A MORE CONSERVATIVE APPROACH TO DIVIDENDS IN FUTURE".FORTRESS REIT - ON A LIKE-FOR-LIKE BASIS DIVIDENDS FOR FULL 2020 FY FORECAST TO BE 3,4% HIGHER THAN 2019 FY.  Full Article

Fortress REIT Says Mark Stevens Stepped Down As Chief Executive Officer
Monday, 8 Jul 2019 

July 8 (Reuters) - Fortress Reit Ltd ::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.  Full Article

Fortress Reit Sees FY Total Distributable Income Growth Of Between 3% And 4%
Friday, 24 May 2019 

May 24 (Reuters) - Fortress Reit Ltd ::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.  Full Article

Fortress REIT Says Fairtree Now Holds 9.66 Pct Of Fortress' B Ordinary Shares
Thursday, 18 Apr 2019 

April 18 (Reuters) - Fortress Reit Ltd ::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.  Full Article

Fortress Says Blackrock Now Holds 5.09 Pct Of Co
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Fortress Reit Ltd ::JSE: FFB - FFA - TRP121: NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES.FORTRESS REIT LTD - RECEIVED NOTIFICATION FROM BLACKROCK. INC. OF ACQUISITION BY BLACKROCK OF FORTRESS A ORDINARY SHARES.  Full Article