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Fortress Income Fund Limited JSE: FFA

Fortress SA shares

Background of Fortress

  • Fortress Income Fund Limited is an internally-managed loan structured stock company with holdings of direct property investments and listed real estate securities. The company was listed as a property loan stock company on the Johannesburg Stock Exchange in 2009, with an initial market cap of R1.8 billion, making it the largest initial listing in the JSE property sector at the time. Fortress Shares are for sale separately under A and B units.

  • Securities comprise locally-listed REITs and off-shore based companies. Fortress’s direct property portfolio includes almost 100 investment properties, with 88.8% in the retail sector, 9.3% in the industrial sector and 0.5% in the office sector. The group’s portfolio spans across South Africa, with properties in Gauteng, Cape Town, Mpumalanga, KwaZulu-Natal, Free State, North West, Eastern Cape and Limpopo. The group’s earnings are derived from rentals, as well as distributions from its listed property securities.

  • Today, Fortress is one of the largest property stocks on the JSE, with a market cap of more than R50 billion.

Fortress Shares Growth Driver

  • Fortress has enjoyed outstanding performance over the past few years with Fortress share price burgeoning on the JSE. The latest financial year proved to be one of the most successful in the company’s history, with Fortress shares (B shares) registering remarkable growth of 155%. Overall, the company was the best performing property fund on the JSE. The company had substantial increases in market capitalization, net asset values and liquidity, despite difficult economic conditions in South Africa. This positive data was reflected by record profits of R2.5 billion and a 20.29% increase in dividends.

  • The company made one of the biggest acquisitions in the listed property sector in 2015 through a move to buy the 33 525m2 Weskus Mall in the Western Cape. The company also continues to buy into continual extensions and redevelopments.

  • Fortress’s strategy going forward is to increase investment in CBD retail projects and rural projects, reducing exposure to small industrial centres. Purchase of new retail properties and the expansion and redevelopment of the group’s existing retail portfolio, has been identified as a key strategy.

  • The quality of Fortress’s property portfolio, along with good offshore exposure through a numer of foreign currency denominated listed equities, should enable the group to grow dividends in a challenging trade environment, while protecting the extraordinary growth path of Fortress share price.

Fortress Group Investor Tip

  • The live online stocks chart shows that shareholders have reaped massive rewards from Fortress shares, with Fortress share price more than doubling since the beginning of 2015. All of the company’s retail centres are attracting rising numbers of customers, while new acquisitions and offshore investments have paid off in spades.

  • Investment analysts forecast that Fortress shares still have significant potential for upside, advising that the shares are a shrewd buy.

Fortress Major Shareholders

Coronation Fund Managers, SCB ATF Coro Balanced Plus Fund, Public Investment Corporation, The Siyakha Education Trust, Corolife Houseview Portfolio.

  • Sector

    Financials

  • Industry

    Real Estate

  • Sub industry

    REIT

How to buy Fortress Group Shares

  • Fortress : How to buy Fortress Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Fortress Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Fortress and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Fortress Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Fortress.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
  • Buy Shares with Confidence

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<a href="https://www.sashares.co.za/fortress-sa-shares">Credits: SA Shares™</a>
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