Page 120 - Profile's Stock Exchange Handbook -2024 Issue 4

JSE – FOR Profile’s Stock Exchange Handbook: 2024 – Issue 4
Fortress Real Estate Investments Ltd. The Foschini Group Ltd.
FOR FOS
ISIN: ZAE000248506 SHORT: FORTRESSB CODE: FFB ISIN: ZAE000148466 SHORT: TFG CODE: TFG
REG NO: 2009/016487/06 FOUNDED: 2009 LISTED: 2009 ISIN: ZAE000148516 SHORT: TFG PREF CODE: TFGP
NATUREOF BUSINESS:Fortressisarealestateinvestmentcompanywith REG NO: 1937/009504/06 FOUNDED: 1924 LISTED: 1941
a focus on developing and letting premium-grade logistics real estate in SA NATURE OF BUSINESS: TFG is one of South Africa’s foremost
and CEE, as well as growing our convenience and commuter-oriented independent chain-store groups and has a diverse portfolio of 30 leading
retail portfolio. Fortress also holds, at the date of this report, a 16.2% fashion and lifestyle retail brands offering clothing, jewellery, cellphones,
interest in NEPI Rockcastle, the largest listed property company on the accessories, cosmetics, sporting apparel and equipment, and homeware
JSE, with a EUR7 billion portfolio across nine CEE countries. and furniture from value to upper market segments.
SECTOR: RealEstate—RealEstate—InvestmentServices—Holdings SECTOR: ConsDiscr—Retail—Retailers—ApparelRetailers
NUMBER OF EMPLOYEES: 71 NUMBER OF EMPLOYEES: 47 523
DIRECTORS: BosmanH(ind ne), Chetty T (ind ne), Lopion I (ind ne), DIRECTORS: Coleman C (ind ne), Davin G H (ld ind ne), Friedland D (ind ne),
Ludolph S (ind ne), MajijaSV,MayiselaN(ind ne), Oblowitz E (ind ne), Makgabo-FiskerstrandBLM(ind ne), Murray A D (ne), Oblowitz E (ind ne),
Potgieter J N (ld ind ne), Rampheri C (ind ne), Stevens M W, Lockhart-Ross Potgieter J (ind ne), Sowazi N L (ind ne), Stein R (ind ne), Lewis M (Chair, ind
R(Chair, ind ne), Brown S (CEO & MD), Vorster I (CFO) ne), Thunström A E (CEO), Buddle R (CFO)
MAJOR ORDINARY SHAREHOLDERS as at 23 Sep 2024 MAJOR ORDINARY SHAREHOLDERS as at 21 Oct 2024
Government Employees Pension Fund 15.19% Public Investment Company SOC Ltd. 20.13%
Coronation Fund Managers 9.93% M&G Investment Management (Pty) Ltd. 10.02%
Sesfikile Capital (Pty) Ltd. 6.90% Coronation Asset Management Holdings (Pty) Ltd. 5.49%
POSTAL ADDRESS: PO Box 138, Rivonia, 2128 POSTAL ADDRESS: PO Box 6020, Parow East, 7501
MORE INFO: www.sharedata.co.za/sdo/jse/FFB MORE INFO: www.sharedata.co.za/sdo/jse/TFG
COMPANY SECRETARY: KPMG Inc. COMPANY SECRETARY: D van Rooyen
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSORS: Java Capital (Pty) Ltd., Nedbank Corporate and Investment SPONSOR:RandMerchantBank(AdivisionofFirstRandBankLtd.(SA))
Banking, a division of Nedbank Ltd. AUDITORS: Deloitte & Touche Inc.
AUDITORS: Deloitte & Touche Inc.
CAPITAL STRUCTURE AUTHORISED ISSUED
CAPITAL STRUCTURE AUTHORISED ISSUED TFG Ords 1.25c ea 600 000 000 331 027 300
FFB Ords no par value 2 000 000 000 1 204 569 104 TFGP Prefs 200c ea 200 000 200 000
DISTRIBUTIONS [ZARc] DISTRIBUTIONS [ZARc]
Ords no par value Ldt Pay Amt Scr/100 Ords 1.25c ea Ldt Pay Amt
Final No 25 29 Oct 24 5 Nov 24 70.19 - Final No 160 16 Jul 24 22 Jul 24 200.00
Interim No 24 9 Apr 24 15 Apr 24 81.44 5.77 Interim No 159 2 Jan 24 8 Jan 24 150.00
LIQUIDITY: Oct24 Avg 15m shares p.w., R245.0m(66.5% p.a.) LIQUIDITY: Oct24 Avg 8m shares p.w., R1 002.0m(131.1% p.a.)
REIV 40 Week MA FORTRESSB GERE 40 Week MA TFG
2161 19438
1864 16794
1566 14150
1269 11506
971 8862
674 6218
2019 | 2020 | 2021 | 2022 | 2023 | 2024 2019 | 2020 | 2021 | 2022 | 2023 | 2024
NOTES: All FFB shares were repurchased and delisted on 19 February 2024 FINANCIAL STATISTICS
and FFA shares were converted to FFB shares from 21 February 2024.
Fortress REIT Ltd. renamed to Fortress Real Estate Investments Ltd. on 04 (R million) Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Final Final(rst) Final(rst)
Final
Final
January 2023.
Turnover 56 221 51 778 43 370 32 950 35 323
FINANCIAL STATISTICS Op Inc 3 450 3 334 3 058 134 2 807
(R million) Jun 24 Jun 23 Jun 22 Jun 21 Jun 20 NetIntPd(Rcvd) - 305 - 306 - 443 - 365 - 424
Final Final Final(rst) Final Final
NetRent/InvInc 4 384 3 788 3 446 3 233 3 617 Att Inc 3 031 3 026 2 910 - 1 862 2 444
2 628
3 310
4 006
TotCompIncLoss
3 709
- 2 426
Total Inc 4 442 3 850 3 735 3 284 3 698
Attrib Inc 4 333 5 917 778 3 353 - 8 369 Fixed Ass 5 923 5 185 3 210 2 525 2 937 -
Inv & Loans
144
137
138
124
TotCompIncLoss 4 258 6 492 789 3 412 - 8 288 Tot Curr Ass 25 321 26 635 24 070 21 186 20 755
Ord UntHs Int 29 866 33 330 26 740 27 257 24 117
FixedAss/Prop 34 032 32 782 30 254 28 155 28 283 Ord SH Int 24 141 21 653 19 138 17 211 15 943
10 068
14 606
12 447
10 393
LT Liab
15 573
Tot Curr Ass 3 515 1 843 2 393 1 735 1 237
Total Ass 53 591 54 238 47 589 45 626 43 204 Tot Curr Liab 14 448 16 845 13 782 11 995 13 769
Tot Curr Liab 5 995 4 341 6 762 2 961 3 268 PER SHARE STATISTICS (cents per share)
HEPS-C (ZARc) 970.70 968.90 1 009.00 197.90 1 029.30
PER SHARE STATISTICS (cents per share)
350.00
320.00
500.00
-
335.00
HEPS-C (ZARc) 121.02 90.99 153.24 89.50 - 64.07 DPS (ZARc) 7 430.41 6 716.04 5 884.96 5 321.89 6 880.71
NAV PS (ZARc)
DPS (ZARc) 70.19 - - 74.70 100.67
1.18
0.39
0.52
1.24
1.43
NAV PS (ZARc) 2 520.56 2 813.02 2 262.49 1 422.00 1 108.00 3 Yr Beta 11 913 15 184 16 688 12 449 19 769
Price High
3 Yr Beta - 0.67 1.00 0.95 0.99
Price Low 8 100 8 228 11 157 5 992 5 600
Price Prd End 1 652 1 286 1 069 1 358 1 245
Price High 1 730 1 338 1 627 1 544 2 200 Price Prd End 9 955 9 095 14 738 12 279 6 767
RATIOS
Price Low 1 225 877 1 041 1 130 800
RATIOS Ret on SH Fnd 12.56 13.97 15.20 - 10.82 15.33
0.41
6.14
Oper Pft Mgn
6.44
7.95
7.05
RetOnSH Funds 14.46 17.57 2.97 12.41 - 34.69
RetOnTotAss 12.26 11.50 10.47 8.75 8.24 D:E 0.76 0.92 0.70 0.72 1.15
Debt:Equity 0.72 0.57 0.71 0.61 0.69 Current Ratio 1.75 1.58 1.75 1.77 - 1.51
2.76
2.67
Div Cover
1.80
2.93
OperRetOnInv 12.88 11.55 11.39 11.48 12.79
OpInc:Turnover 100.00 100.00 100.00 100.00 100.00
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