XJSEFFB
Market cap2.42bUSD
Dec 20, Last price
2,040.00ZAR
1D
1.44%
1Q
1.04%
Jan 2017
-36.90%
IPO
1,541.88%
Name
Fortress Real Estate Investments Ltd
Chart & Performance
Profile
Fortress was listed on 22 October 2009 on the main board of the Johannesburg Stock Exchange Limited as a property loan stock company. It listed with an initial market capitalisation of R1.8 billion, making it the largest initial listing in the listed property sector. Fortress converted to a Real Estate Investment Trust REIT on 1 July 2013. Fortress is a hybrid fund, investing in both direct property as well as other listed property stocks and REITs. It focusses on the development of prime real estate logistics assets as well as investments into its retail portfolio. Currently Fortress portfolio includes industrial, logistics, office, retail and other properties.
Valuation
Title ZAR in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑06 | 2023‑06 | 2022‑06 | 2021‑06 | 2020‑06 | 2019‑06 | 2018‑06 | 2017‑06 | 2016‑06 | 2015‑06 | |
Income | ||||||||||
Revenues | 6,513,180 71.94% | 3,787,954 9.91% | 3,446,471 6.59% | |||||||
Cost of revenue | 2,003,130 | 1,767,289 | 1,580,695 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 4,510,050 | 2,020,665 | 1,865,776 | |||||||
NOPBT Margin | 69.24% | 53.34% | 54.14% | |||||||
Operating Taxes | 1,337,888 | (1,264,195) | 43,071 | |||||||
Tax Rate | 29.66% | 2.31% | ||||||||
NOPAT | 3,172,162 | 3,284,860 | 1,822,705 | |||||||
Net income | 4,332,680 -26.78% | 5,917,362 660.77% | 777,817 -76.80% | |||||||
Dividends | (633,518) | (3,616) | (879,356) | |||||||
Dividend yield | ||||||||||
Proceeds from repurchase of equity | (2,014,811) | |||||||||
BB yield | ||||||||||
Debt | ||||||||||
Debt current | 4,602,362 | 3,013,692 | 5,329,739 | |||||||
Long-term debt | 16,968,561 | 16,021,674 | 13,787,328 | |||||||
Deferred revenue | 27,025 | 25,894 | ||||||||
Other long-term liabilities | (27,025) | (25,894) | ||||||||
Net debt | 8,385,579 | 388,033 | 4,190,188 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 1,211,586 | 721,828 | 1,317,601 | |||||||
CAPEX | (2,300,340) | (2,217,170) | (2,079,822) | |||||||
Cash from investing activities | (1,154,689) | (1,001,375) | (3,136,442) | |||||||
Cash from financing activities | 1,923,079 | (205,603) | 1,969,429 | |||||||
FCF | 974,588 | 3,282,762 | 2,038,204 | |||||||
Balance | ||||||||||
Cash | 2,188,427 | 208,451 | 693,601 | |||||||
Long term investments | 10,996,917 | 18,438,882 | 14,233,278 | |||||||
Excess cash | 12,859,685 | 18,457,935 | 14,754,555 | |||||||
Stockholders' equity | 36,878,638 | 35,560,701 | 29,000,585 | |||||||
Invested Capital | 38,776,475 | 33,941,887 | 31,076,132 | |||||||
ROIC | 8.72% | 10.10% | 6.22% | |||||||
ROCE | 8.64% | 3.83% | 4.06% | |||||||
EV | ||||||||||
Common stock shares outstanding | 1,184,875 | 2,117,048 | 2,116,064 | |||||||
Price | ||||||||||
Market cap | ||||||||||
EV | ||||||||||
EBITDA | 4,510,050 | 2,042,758 | 1,887,297 | |||||||
EV/EBITDA | ||||||||||
Interest | 1,864,461 | 1,531,736 | 975,329 | |||||||
Interest/NOPBT | 41.34% | 75.80% | 52.27% |