Edition:
United States

Fortress Reit Ltd (FFBJ.J)

FFBJ.J on Johannesburg Stock Exchange

1,527.00ZAc
16 Nov 2018
Change (% chg)

-3.00 (-0.20%)
Prev Close
1,530.00
Open
1,500.00
Day's High
1,530.00
Day's Low
1,482.00
Volume
2,062,620
Avg. Vol
2,080,838
52-wk High
4,424.00
52-wk Low
1,013.00

Latest Key Developments (Source: Significant Developments)

Fortress Says Blackrock Now Holds 5.09 Pct Of Co
Friday, 9 Nov 2018 03:20am EST 

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 08:51am EDT 

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 09:21am EST 

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 07:31am EST 

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 09:00am EST 

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

Fortress says Vuso Majija appointed executive director
Monday, 15 May 2017 08:58am EDT 

May 15 (Reuters) - Fortress Income Fund ::Wiko Serfontein resigned as executive director, Vuso Majija has been appointed as an executive director with effect from 15 May 2017.  Full Article

Fortress Income investment properties valued at 28.7 bln rand at Dec. 31
Thursday, 9 Feb 2017 06:25am EST 

Fortress Income Fund Ltd : Condensed unaudited consolidated interim financial statements for six months ended Dec. 31, 2016 . Owns 336 investment properties valued at R28.7 billion at Dec. 31, 2016 . Equity portfolio comprising both local listed REITs and international listed property securities was valued at R28.8 billion at Dec. 31 . Dividend for a shares increased from 64.72 cents to 67.96 cents per share .B shares' dividend increased by 25.12 pct from 62.81 cents to 78.59 cents per share compared to previous period.  Full Article

Fortress Income Fund amends hedging policy
Monday, 5 Dec 2016 12:47am EST 

Fortress Income Fund Ltd : Board is of view that resultant increased certainty and predictability outweigh potential benefits from a weakening rand .Board has amended its hedging policy as follows: - hedge 100 pct of dividends to be received in following 12 months.  Full Article