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Fortress Investment Group LLC (FIG.N)

FIG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Fortress Q2 gaap earnings per share $0.06
Thursday, 3 Aug 2017 08:03am EDT 

Aug 3 (Reuters) - Fortress Investment Group :Fortress reports second quarter 2017 results.Q2 gaap earnings per share $0.06.Fortress investment group llc - ‍ management fee paying assets under management of $72.4 billion as of june 30, 2017, up 3% compared to previous quarter​.Fortress investment group llc qtrly ‍ pre-tax distributable earnings $0.22 per dividend paying share​.Fortress investment group llc -as of june 30, 2017, credit funds and private equity funds had $6.8 billion and $0.7 billion of uncalled capital, respectively.Fortress investment group llc qtrly ‍gaap revenues $247 million versus $232 million​.  Full Article

Italy's bad loan group doBank says greenshoe option fully exercised
Wednesday, 19 Jul 2017 02:39am EDT 

July 19 (Reuters) - DoBank Spa ::says greenshoe option has been fully exercised, stake placed on the market now totalling 47.7 percent .  Full Article

Colony American Finance says certain funds managed by affiliates of Fortress Investment Group to buy co
Tuesday, 18 Jul 2017 11:00am EDT 

July 18 (Reuters) - Colony American Finance: :Says certain funds managed by affiliates of Fortress Investment Group have purchased equity, substantially all of assets of CAF.Fortress funds will be joined by current senior management team of CAF in launching CoreVest .Senior management team will remain with company and retain their current titles.Says terms of transactions were not disclosed.  Full Article

Metlife to acquire Logan Circle Partners for $250 million
Friday, 7 Jul 2017 04:05pm EDT 

July 7 (Reuters) - Metlife Inc ::Metlife to acquire Logan Circle Partners, L.P..Metlife Inc - deal for $250 million in cash..Metlife Inc says under terms of agreement, Metlife will acquire 100 percent of fortress' ownership stake in Logan circle partners.Metlife Inc - transaction will not impact Metlife's existing $3 billion repurchase authorization, which is expected to be completed by year-end 2017.Metlife Inc - transaction expected to close in q3 of 2017.  Full Article

Italy's doBank to close IPO ahead of time, start trading on July 14
Friday, 7 Jul 2017 02:42am EDT 

July 7 (Reuters) - Italian bad loan manager doBank says::will close IPO offer period ahead of time, on July 12 at 11 CET.its shares will start trading on Milan bourse on July 14.  Full Article

Italian bad loan manager doBank says filed for Milan bourse listing
Wednesday, 14 Jun 2017 01:34am EDT 

June 14 (Reuters) - Italian bad loan manager DoBank says::Has filed application to list shares on Milan bourse.Expects to complete transaction by the end of July.Shares to be offered in IPO will be sold by 97.81 percent shareholder Avio, which is indirectly controlled by Fortress Investment Group and Eurocastle Investment Limited.  Full Article

Fortress Q1 loss per share $0.02
Monday, 8 May 2017 08:02am EDT 

May 8 (Reuters) - Fortress Investment Group ::Fortress reports first quarter 2017 results and announces dividend of $0.09 per share.Q1 gaap loss per share $0.02.Q1 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.Fortress Investment Group Llc qtrly revenues $ 232 million versus $ 232 million.Fortress Investment Group - total assets under management at end of q1 of $70.16 billion versus $70.64 billion at end of q1 2016.Fortress Investment - has contractually agreed that it will not pay any dividends after march 31, 2017 while merger agreement with softbank remains in effect.Fortress Investment - class A shareholders should not anticipate receiving a dividend with respect to quarterly periods ended June 30, 2017 or September 30, 2017.  Full Article

Fortress Investment Group reports Q4 revenue of $438 million
Tuesday, 28 Feb 2017 08:05am EST 

Fortress Investment Group LLC : Fortress reports fourth quarter and year end 2016 results and announces dividend of $0.09 per share . Q4 GAAP earnings per share $0.33 . Q4 earnings per share view $0.20 -- Thomson Reuters I/B/E/S . Fortress Investment Group LLC - Management fee paying assets under management of $69.6 billion as of December 31, 2016 .Q4 revenues $438 million versus $415 million last year.  Full Article

Eurocastle announces new Italian investment and closes sale of Belfry and Truss
Wednesday, 21 Dec 2016 02:00am EST 

Eurocastle Investment Ltd : Eurocastle announces new Italian investment and closes sale of Belfry and Truss . Acquired a 25 percent interest in a portfolio of four non-performing loans to a single borrower, with a gross book value of about 16 million euros ($16.7 million) . Loans are approximately 74 percent secured by first line mortgages and 26 percent unsecured . Affiliates of Fortress Investment Group LLC have invested alongside Eurocastle by acquiring remaining interest in loans . Following agreed sale announced in Sept. 2016, 66 of 67 assets within legacy German real estate Belfry and Truss portfolios have successfully closed . Sale generated approximately 2.3 million euros of net proceeds to company compared to reported adjusted nav of zero for these portfolios as at Sept. 30 .Remaining asset is expected to close in January 2017 resulting in a further 34,000 euros of net proceeds to company.  Full Article

Fortress announces sale of riverplace tower in downtown jacksonville
Thursday, 8 Dec 2016 04:00pm EST 

Fortress Investment Group Llc : Fortress Investment Group Llc - 441,000 square foot class a tower was sold for $53.4 million .Fortress announces sale of riverplace tower in downtown jacksonville.  Full Article

U.S. buyout firm Fortress to buy old public housing in Japan: sources

TOKYO U.S. buyout firm Fortress Investment Group has agreed to buy about 1,300 public apartment buildings in Japan for 24 billion yen ($217 million) in a government auction, people with direct knowledge of the sale said.