Page 113 - Profile's Stock Exchange Handbook - 2026 Issue 2

Profile’s Stock Exchange Handbook: 2026 - Issue 2 JSE - FOR
Fortress Real Estate The Foschini Group Ltd.
Investments Ltd. ISIN: ZAE000148466 SHORT: TFG CODE: TFG
ISIN: ZAE000148516 SHORT: TFG PREF CODE: TFGP
ISIN: ZAE000248506 SHORT: FORTRESSB CODE: FFB REG NO: 1937/009504/06 FOUNDED: 1924 LISTED: 1941
REG NO: 2009/016487/06 FOUNDED: 2009 LISTED: 2009 NATURE OF BUSINESS: Established in 1924, TFG is a leading
NATURE OF BUSINESS: Fortress is a real estate investment company fashion, lifestyle and speciality retail group in South Africa, with an
with a focus on developing and letting premium-grade logistics increasing presence in the UK and Australia. TFG’s portfolio offers
real estate in SA and CEE, as well as growing our convenience and a wide range of speciality products, including fashion apparel,
commuter-oriented retail portfolio. Fortress also holds, at the date jewellery, cosmetics, sporting apparel, electronics, homeware and
of this report, a 16.3% interest in NEPI Rockcastle, the largest listed furniture and value-added services. Credit account facilities are
property company on the JSE, with a EUR7 billion portfolio across available in TFG Africa.
nine CEE countries. SECTOR: ConsDiscr--Retail--Retailers--ApparelRetailers
SECTOR: RealEstate--RealEstate--InvestmentServices--Holdings NUMBER OF EMPLOYEES: 50 923
NUMBER OF EMPLOYEES: 74 DIRECTORS: Backman B (ind ne), Coleman C (ind ne), Davin G H
DIRECTORS: Chetty T (ind ne), Hillary J (ind ne), Ludolph S (ind ne), (ld ind ne), Friedland D (ind ne), Makgabo-Fiskerstrand B L M (ind ne),
Majija S V, Mayisela N (ind ne), Naidoo V (ind ne), Oblowitz E (ind ne), Oblowitz E (ne), Potgieter J N (ind ne), Sowazi N L (ind ne), Stein R (ne),
Rampheri C (ind ne), Bosman H (Chair, ind ne), Brown S (CEO), Zondi G (ind ne), Lewis M (Chair, ne), Thunström A E (CEO),
Vorster I (CFO) Buddle R (CFO)
MAJOR ORDINARY SHAREHOLDERS as at 7 Apr 2026 MAJOR ORDINARY SHAREHOLDERS as at 14 Apr 2026
Public Investment Corporation 24.06% Public Investment Corporation (SOC) Ltd. 20.38%
Coronation Fund Managers 15.44% Ninety One SA (Pty) Ltd. 10.09%
Truffle Asset Management (Pty) Ltd. 7.30% M&G Investment Management (Pty) Ltd. 10.01%
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: Tamlyn Stevens COMPANY SECRETARY: D van Rooyen
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Java Capital (Pty) Ltd., Nedbank Corporate and SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd. (SA))
Investment Banking, a division of Nedbank Ltd. AUDITORS: Deloitte & Touche Inc.
AUDITORS: KPMG Inc. CAPITAL STRUCTURE Authorised Issued
CAPITAL STRUCTURE Authorised Issued TFG Ords 1.25c ea 600 000 000 331 027 300
FFB Ords no par val 3 169 980 307 1 224 336 457 TFGP Prefs 200c ea 200 000 200 000
DISTRIBUTIONS [ZARc] DISTRIBUTIONS [ZARc]
Ords no par val Ldt Pay Amt Ords 1.25c ea Ldt Pay Amt
Interim No 28 30 Mar 26 7 Apr 26 87.89 Interim No 163 29 Dec 25 5 Jan 26 130.00
Final No 27 14 Oct 25 21 Oct 25 86.29 Final No 162 15 Jul 25 21 Jul 25 230.00
LIQUIDITY: Apr26 Avg 11m shares p.w., R244.7m(45.7% p.a.) LIQUIDITY: Apr26 Avg 10m shares p.w., R978.0m(151.4% p.a.)

NOTE: All FFB shares were repurchased and delisted on FINANCIAL STATISTICS
19 February 2024 and FFA shares were converted to FFB shares Sep 25 Mar 25 Mar 24 Mar 23 Mar 22
from 21 February 2024. (R million) Interim Final Final Final(rst) Final(rst)
FINANCIAL STATISTICS Turnover 29 152 58 271 56 221 51 778 43 370
(R million) Dec 25 Jun 25 Jun 24 Jun 23 Jun 22 Op Inc 798 3 435 3 450 3 334 3 058
Interim Final Final Final Final(rst) NetIntPd(Rcvd) - 53 - 244 - 305 - 306 - 443
NetRent/InvInc 3 212 6 016 4 384 3 788 3 446 Att Inc 944 3 189 3 031 3 026 2 910
Total Inc 3 275 6 122 4 442 3 850 3 735 TotCompInc/Loss 715 2 826 3 310 4 006 2 628
Attrib Inc 2 152 2 676 4 333 5 917 778 Fixed Ass 6 806 6 524 5 923 5 185 3 210
TotCompInc/Loss 1 983 2 896 4 258 6 492 789 Inv & Loans 387 368 138 144 137
Ord UntHs Int 31 388 30 431 29 866 33 330 26 740 Tot Curr Ass 29 623 28 316 25 321 26 635 24 070
Investments 14 729 14 614 - - - Ord SH Int 25 223 25 609 24 141 21 653 19 138
FixedAss/Prop 37 903 37 503 34 032 32 782 30 254 LT Liab 17 249 18 150 15 573 14 606 10 393
Tot Curr Ass 5 154 6 474 3 515 1 843 2 393 Tot Curr Liab 18 759 15 905 14 448 16 845 13 782
Total Ass 59 693 59 862 53 591 54 238 47 589 PER SHARE STATISTICS (cents per share)
Tot Curr Liab 7 250 4 579 5 995 4 341 6 762 HEPS-C (ZARc) 292.60 1 015.60 970.70 968.90 1 009.00
PER SHARE STATISTICS (cents per share) DPS (ZARc) 130.00 390.00 350.00 320.00 500.00
HEPS-C (ZARc) 168.89 36.00 121.02 90.99 153.24 NAV PS (ZARc) 7 619.61 7 736.22 7 430.41 6 716.04 5 884.96
DPS (ZARc) 87.89 162.44 151.63 - - 3 Yr Beta 0.66 0.84 0.52 0.39 1.18
NAV PS (ZARc) 2 576.00 2 527.00 2 509.00 2 813.02 2 262.49 Price High 14 070 17 867 11 913 15 184 16 688
3 Yr Beta - - - 0.67 1.00 Price Low 10 245 9 111 8 100 8 228 11 157
Price Prd End 2 390 2 008 1 652 1 286 1 069 Price Prd End 10 911 12 432 9 955 9 095 14 738
Price High 2 669 2 125 1 730 1 338 1 627 RATIOS
Price Low 1 991 1 584 1 225 877 1 041 Ret on SH Fnd 7.49 12.45 12.56 13.97 15.20
RATIOS Oper Pft Mgn 2.74 5.89 6.14 6.44 7.05
RetOnSH Funds 13.71 8.73 14.46 17.57 2.97 D:E 0.90 0.80 0.76 0.92 0.70
RetOnTotAss 11.25 10.42 12.26 11.50 10.47 Current Ratio 1.58 1.78 1.75 1.58 1.75
Debt:Equity 0.78 0.86 0.72 0.57 0.71 Div Cover 2.24 2.51 2.67 2.93 1.80
OperRetOnInv 12.21 11.54 12.88 11.55 11.39
OpInc:Turnover 100.00 100.00 100.00 100.00 100.00

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