Page 115 - Profile's Stock Exchange Handbook - 2026 Issue 1

Profile’s Stock Exchange Handbook: 2026 - Issue 1 JSE - FOR
Fortress Real Estate Investments Ltd. The Foschini Group Ltd.
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
NATURE OF BUSINESS: Fortress is a real estate investment company REG NO: 1937/009504/06 FOUNDED: 1924 LISTED: 1941
with a focus on developing and letting premium-grade logistics NATURE OF BUSINESS: Established in 1924, TFG is a leading
real estate in SA and CEE, as well as growing our convenience and fashion, lifestyle and speciality retail group in South Africa, with an
commuter-oriented retail portfolio. Fortress also holds, at the date increasing presence in the UK and Australia. TFG’s portfolio offers
of this report, a 16.3% interest in NEPI Rockcastle, the largest listed a wide range of speciality products, including fashion apparel,
property company on the JSE, with a EUR7 billion portfolio across jewellery, cosmetics, sporting apparel, electronics, homeware and
nine CEE countries. furniture and value-added services. Credit account facilities are
SECTOR: RealEstate--RealEstate--InvestmentServices--Holdings available in TFG Africa.
NUMBER OF EMPLOYEES: 74 SECTOR: ConsDiscr--Retail--Retailers--ApparelRetailers
DIRECTORS: Chetty T (ind ne), Hillary J (ind ne), Ludolph S (ind ne), NUMBER OF EMPLOYEES: 50 923
Majija S V, Mayisela N (ind ne), Naidoo V (ind ne), Oblowitz E (ind ne), DIRECTORS: Backman B (ind ne), Coleman C (ind ne), Davin G H
Rampheri C (ind ne), Bosman H (Chair, ind ne), Brown S (CEO), (ld ind ne), Friedland D (ind ne), Makgabo-Fiskerstrand B L M (ind ne),
Vorster I (CFO) Oblowitz E (ne), Potgieter J N (ind ne), Sowazi N L (ind ne), Stein R (ne),
MAJOR ORDINARY SHAREHOLDERS as at 10 Nov 2025 Zondi G (ind ne), Lewis M (Chair, ne), Thunström A E (CEO),
Public Investment Corporation 24.06% Buddle R (CFO)
Coronation Fund Managers 11.29% MAJOR ORDINARY SHAREHOLDERS as at 9 Jan 2026
Truffle Asset Management (Pty) Ltd. 7.30% Public Investment Corporation (SOC) Ltd. 20.22%
POSTAL ADDRESS: PO Box 138, Rivonia, 2128 Ninety One SA (Pty) Ltd. 10.09%
MORE INFO: www.sharedata.co.za/sdo/jse/FFB M&G Investment Management (Pty) Ltd. 10.01%
COMPANY SECRETARY: Tamlyn Stevens POSTAL ADDRESS: PO Box 6020, Parow East, 7501
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd. MORE INFO: www.sharedata.co.za/sdo/jse/TFG
SPONSOR: Java Capital (Pty) Ltd., Nedbank Corporate and COMPANY SECRETARY: D van Rooyen
Investment Banking, a division of Nedbank Ltd. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
AUDITORS: KPMG Inc. SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd. (SA))
CAPITAL STRUCTURE Authorised Issued AUDITORS: Deloitte & Touche Inc.
FFB Ords no par val 3 169 980 307 1 218 250 389 CAPITAL STRUCTURE Authorised Issued
DISTRIBUTIONS [ZARc] TFG Ords 1.25c ea 600 000 000 331 027 300
TFGP
200 000
200 000
Prefs 200c ea
Ords no par val Ldt Pay Amt
Final No 27 14 Oct 25 21 Oct 25 86.29 DISTRIBUTIONS [ZARc]
Interim No 26 25 Mar 25 1 Apr 25 76.15 Ords 1.25c ea Ldt Pay Amt
LIQUIDITY: Jan26 Avg 11m shares p.w., R227.5m(45.4% p.a.) Interim No 163 29 Dec 25 5 Jan 26 130.00
Final No 162 15 Jul 25 21 Jul 25 230.00
LIQUIDITY: Jan26 Avg 10m shares p.w., R1 109.3m(151.4% p.a.)

NOTE: All FFB shares were repurchased and delisted on
19 February 2024 and FFA shares were converted to FFB shares
from 21 February 2024. FINANCIAL STATISTICS
FINANCIAL STATISTICS (R million) Sep 25 Mar 25 Mar 24 Mar 23 Mar 22
Jun 25 Jun 24 Jun 23 Jun 22 Jun 21 Interim Final Final Final(rst) Final(rst)
(R million)
Final Final Final Final(rst) Final Turnover 29 152 58 271 56 221 51 778 43 370
NetRent/InvInc 6 016 4 384 3 788 3 446 3 233 Op Inc 798 3 435 3 450 3 334 3 058
Total Inc 6 122 4 442 3 850 3 735 3 284 NetIntPd(Rcvd) - 53 - 244 - 305 - 306 - 443
Attrib Inc 2 676 4 333 5 917 778 3 353 Att Inc 944 3 189 3 031 3 026 2 910
TotCompInc/Loss 2 896 4 258 6 492 789 3 412 TotCompInc/Loss 715 2 826 3 310 4 006 2 628
Ord UntHs Int 30 431 29 866 33 330 26 740 27 257 Fixed Ass 6 806 6 524 5 923 5 185 3 210
Investments 14 614 - - - - Inv & Loans 387 368 138 144 137
FixedAss/Prop 37 503 34 032 32 782 30 254 28 155 Tot Curr Ass 29 623 28 316 25 321 26 635 24 070
Tot Curr Ass 6 474 3 515 1 843 2 393 1 735 Ord SH Int 25 223 25 609 24 141 21 653 19 138
Total Ass 59 862 53 591 54 238 47 589 45 626 LT Liab 17 249 18 150 15 573 14 606 10 393
Tot Curr Liab 4 579 5 995 4 341 6 762 2 961 Tot Curr Liab 18 759 15 905 14 448 16 845 13 782
PER SHARE STATISTICS (cents per share) PER SHARE STATISTICS (cents per share)
HEPS-C (ZARc) 36.00 121.02 90.99 153.24 89.50 HEPS-C (ZARc) 292.60 1 015.60 970.70 968.90 1 009.00
DPS (ZARc) 162.44 70.19 - - 74.70 DPS (ZARc) 130.00 390.00 350.00 320.00 500.00
NAV PS (ZARc) 2 527.00 2 509.00 2 813.02 2 262.49 1 422.00 NAV PS (ZARc) 7 619.61 7 736.22 7 430.41 6 716.04 5 884.96
3 Yr Beta - - 0.67 1.00 0.95 3 Yr Beta 0.66 0.84 0.52 0.39 1.18
Price Prd End 2 008 1 652 1 286 1 069 1 358 Price High 14 070 17 867 11 913 15 184 16 688
Price High 2 125 1 730 1 338 1 627 1 544 Price Low 10 245 9 111 8 100 8 228 11 157
Price Low 1 584 1 225 877 1 041 1 130 Price Prd End 10 911 12 432 9 955 9 095 14 738
RATIOS RATIOS
RetOnSH Funds 8.73 14.46 17.57 2.97 12.41 Ret on SH Fnd 7.49 12.45 12.56 13.97 15.20
RetOnTotAss 10.42 12.26 11.50 10.47 8.75 Oper Pft Mgn 2.74 5.89 6.14 6.44 7.05
Debt:Equity 0.86 0.72 0.57 0.71 0.61 D:E 0.90 0.80 0.76 0.92 0.70
OperRetOnInv 11.54 12.88 11.55 11.39 11.48 Current Ratio 1.58 1.78 1.75 1.58 1.75
OpInc:Turnover 100.00 100.00 100.00 100.00 100.00 Div Cover 2.24 2.51 2.67 2.93 1.80

113