Edition:
India

Fortress Reit Ltd (FFBJ.J)

FFBJ.J on Johannesburg Stock Exchange

1,105.00ZAc
4:25pm IST
Change (% chg)

2.00 (+0.18%)
Prev Close
1,103.00
Open
1,061.00
Day's High
1,110.00
Day's Low
1,061.00
Volume
116,120
Avg. Vol
3,628,573
52-wk High
1,753.00
52-wk Low
966.00

Latest Key Developments (Source: Significant Developments)

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

Fortress REIT Says Jeff Zidel To Retire From Board
Tuesday, 29 May 2018 

May 29 (Reuters) - Fortress Reit Ltd ::JEFF ZIDEL, DEPUTY CHAIRMAN OF BOARD OF DIRECTORS OF FORTRESS, HAS ANNOUNCED HIS INTENTION TO RETIRE FROM BOARD.JEFF WILL STEP DOWN AS DEPUTY CHAIRMAN AND NON- EXECUTIVE DIRECTOR WITH EFFECT FROM 29 MAY 2018.  Full Article

Fortress REIT Announces ‍Restructure Of Siyakha Education Trusts
Wednesday, 7 Mar 2018 

March 7 (Reuters) - Fortress Reit Ltd ::FORTRESS REIT - ‍RESTRUCTURE OF SIYAKHA EDUCATION TRUSTS, INTENTION TO UNWIND CROSS-SHAREHOLDING, FURTHER CAUTIONARY ANNOUNCEMENT.‍HAS RE-EVALUATED DISTRIBUTION GUIDANCE PROVIDED IN COMMENTARY TO ITS INTERIM RESULTS FOR SIX MONTHS ENDED 31 DECEMBER 2017.​.‍RESILIENT AND CO CONTINUE TO EXPLORE ALTERNATIVES TO ELIMINATE CROSS-SHAREHOLDING BETWEEN THEM; WILL IN DUE COURSE PUT PROPOSALS ​.RESILIENT ‍EXPECTS ITS DISTRIBUTION PER SHARE TO BE APPROXIMATELY 601 CENTS PER SHARE FOR FY 2018 INCREASING BY ABOU 8% FOR FY 2019 ​.‍FORTRESS EXPECTS DISTRIBUTION PER FORTRESS B SHARE WILL BE ABOUT 179 CENTS PER SHARE FOR FY 2018 GROWING BY ABOUT 5% FOR FY 2019 ​.  Full Article

Resilient REIT Says To Undertake Independent Review Of Information
Friday, 16 Feb 2018 

Feb 16 (Reuters) - Resilient Reit Ltd ::RESILIENT REIT - ‍HAS NOTED CONSISTENT FEEDBACK FROM ITS SHAREHOLDERS THAT CROSS-SHAREHOLDING OF RESILIENT WITH FORTRESS REIT LIMITED SHOULD BE UNWOUND​.‍BELIEVES THAT THERE IS A NEED FOR A PROMPT INDEPENDENT REVIEW OF INFORMATION AVAILABLE TO IT​.RESOLVED TO COMMISSION THEIR OWN INDEPENDENT REVIEW AND TO MAKE OUTCOME OF THIS REVIEW PUBLIC​.RESILIENT REIT - ‍NOTES THAT ANY INVESTIGATION OF SHARE TRANSACTIONS BY REGULATORS WOULD BE UNDERTAKEN WITH BROAD ACCESS TO INFORMATION NOT AVAILABLE TO CO​.RESILIENT - ‍SCOPE OF REVIEW WILL NOT BE NARROWLY CONSTRAINED AND WILL PRIORITISE REVIEW OF ALL AVAILABLE INFORMATION REGARDING LISTED SHARE ACTIVITY SINCE 1 JULY 2017 BY CO AND EXECUTIVES​.  Full Article

Fortress REIT ‍Says H1 HEPS For Class A Shares At 195.93 Cents
Friday, 2 Feb 2018 

Feb 2 (Reuters) - Fortress Reit Ltd ::‍H1 DIVIDEND FOR A SHARE INCREASED FROM 67,96 CENTS PER SHARE TO 71,20 CENTS PER SHARE​.‍H1 B SHARE DIVIDEND INCREASED BY 14,61% FROM 78,59 CENTS PER SHARE TO 90,07 CENTS PER SHARE FOR SIX MONTHS ENDED 31 DECEMBER 2017​.‍FOR SIX MONTHS TO DEC.31 HEADLINE EARNINGS PER A SHARE AT 195.93 CENTS VERSUS 73.50 CENTS YEAR AGO​.  Full Article