Fortress Real Estate Investments Future Growth

Future criteria checks 0/6

Fortress Real Estate Investments's revenue is forecast to decline at 9.2% per annum.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Real Estate earnings growth	20.5%
Revenue growth rate	-9.2%
Future return on equity	5.1%
Analyst coverage	Low
Last updated	15 Feb 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

JSE:FFA - Analysts future estimates and past financials data (ZAR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	4,607	N/A	3,774	2,099	3
6/30/2025	4,390	N/A	3,517	1,866	3
6/30/2024	4,134	N/A	3,291	1,782	3
6/30/2023	6,175	5,917	1,028	1,028	N/A
3/31/2023	5,818	3,991	1,402	1,402	N/A
12/31/2022	5,460	2,065	1,777	1,777	N/A
9/30/2022	5,077	1,421	1,987	1,987	N/A
6/30/2022	4,693	778	2,197	2,197	N/A
3/31/2022	4,543	2,251	2,087	2,087	N/A
12/31/2021	4,394	3,725	1,977	1,977	N/A
9/30/2021	4,167	3,539	1,719	1,719	N/A
6/30/2021	3,939	3,353	1,462	1,462	N/A
3/31/2021	3,262	-2,329	1,561	1,561	N/A
12/31/2020	2,584	-8,010	1,661	1,661	N/A
9/30/2020	3,031	-8,190	1,913	1,913	N/A
6/30/2020	3,477	-8,369	2,165	2,165	N/A
3/31/2020	4,365	-2,640	2,142	2,142	N/A
12/31/2019	5,252	3,090	2,120	2,120	N/A
9/30/2019	5,217	2,854	2,165	2,165	N/A
6/30/2019	5,182	2,618	2,210	2,210	N/A
3/31/2019	5,490	-5,003	2,332	2,332	N/A
12/31/2018	5,799	-12,623	2,454	2,454	N/A
9/30/2018	5,673	-8,764	2,143	2,143	N/A
6/30/2018	5,547	-4,904	1,832	1,832	N/A
3/31/2018	4,974	2,987	1,199	1,199	N/A
12/31/2017	4,400	10,879	567	567	N/A
9/30/2017	4,467	7,650	899	899	N/A
6/30/2017	4,534	4,420	1,231	1,231	N/A
3/31/2017	4,782	4,210	N/A	1,861	N/A
12/31/2016	5,030	4,001	N/A	2,490	N/A
9/30/2016	3,909	-686	N/A	1,819	N/A
6/30/2016	2,788	-5,372	N/A	1,148	N/A
3/31/2016	2,073	-5,648	N/A	308	N/A
12/31/2015	1,358	-5,924	N/A	-532	N/A
9/30/2015	1,467	-1,463	N/A	-282	N/A
6/30/2015	1,576	2,997	N/A	-32	N/A
3/31/2015	1,300	2,658	N/A	387	N/A
12/31/2014	1,023	2,318	N/A	805	N/A
9/30/2014	1,008	2,057	N/A	666	N/A
6/30/2014	993	1,796	N/A	527	N/A
3/31/2014	878	1,838	N/A	477	N/A
12/31/2013	763	1,879	N/A	426	N/A
9/30/2013	729	1,792	N/A	425	N/A
6/30/2013	694	1,706	N/A	424	N/A
3/31/2013	674	1,420	N/A	357	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FFA's forecast earnings growth is above the savings rate (9.5%).

Earnings vs Market: Insufficient data to determine if FFA's earnings are forecast to grow faster than the ZA market

High Growth Earnings: Insufficient data to determine if FFA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FFA's revenue is expected to decline over the next 3 years (-9.2% per year).

High Growth Revenue: FFA's revenue is forecast to decline over the next 3 years (-9.2% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FFA's Return on Equity is forecast to be low in 3 years time (5.1%).

Fortress Real Estate Investments Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target increased by 13% to R18.00

Price target increased by 8.0% to R15.37

Price target increased by 9.3% to R14.57

Price target increased by 7.8% to R13.20

Price target decreased to R11.25

Price target decreased to R14.60

Recent updates

Fortress Real Estate Investments Limited, Annual General Meeting, Dec 03, 2024

Fortress Real Estate Investments Limited Announces the Retirement of Jan Potgieter as Lead Independent Non-Executive Director as the Chairman of the Property and Investment Committee, Member of the Audit Committee and Member of the Nomination Committee, Effective 3 December 2024

Fortress Real Estate Investments Limited Declares Cash Dividend for the Six Months Ended 30 June 2024, Payable on 31 October 2024

Fortress Real Estate Investments Limited Announces Board Appointments

Price target increased by 13% to R18.00

Fortress REIT Limited Announces Resignation of Donnovan Pydigadu as Chief Operating Officer and Executive Director and Consequently as Member of the Social, Ethics and Sustainability Committee with Effect from 14 August 2023

Peresec Prime Brokers (Pty) Ltd acquired unknown minority stake in Fortress Real Estate Investments Limited (JSE:FFA).

Fortress Real Estate Investments Limited, Annual General Meeting, Dec 01, 2023

Full year 2023 earnings released

An unknown buyer acquired Underperforming Retail Assets in Secunda, Middelburg, Bellville, Philippi and Makhanda from Fortress Real Estate Investments Limited (JSE:FFA) for approximately ZAR 550 million.

Price target increased by 8.0% to R15.37

Fortress REIT Limited Announces Resignation of Donnovan Pydigadu as Chief Operating Officer and Executive Director and as a Member of the Social, Ethics and Sustainability Committee, Effective 14 August 2023

Price target increased by 9.3% to R14.57

Fortress REIT Limited Announces Board Changes

An unknown buyer acquired non-core properties of Fortress REIT Limited for R1.21 billion.

Insufficient new directors

Fortress Real Estate Investments Limited Announces Resignation of Bram Goossens as Independent Non-Executive Director, Member of the Audit Committee, Member of the Social, Ethics and Sustainability Committee and Chairperson of Remuneration Committee

Price target increased by 7.8% to R13.20

Price target decreased to R11.25

CEO, MD & Executive Director recently bought R204k worth of stock

CEO, MD & Executive Director exercised options to buy R563k worth of stock.

Fortress REIT Limited, Annual General Meeting, Dec 06, 2022

Fortress REIT Limited(JSE:FFA) dropped from FTSE All-World Index (USD)

Full year 2022 earnings released

Price target decreased to R14.60

Fortress REIT Limited, Annual General Meeting, Aug 17, 2022

Price target decreased to R14.60

Price target decreased to R14.60

Price target decreased to R15.15

Upcoming dividend of R0.75 per share

Full year 2021 earnings released: FFO R0.81 per share (vs R1.05 in FY 2020)

Price target increased to R16.55

First half 2021 earnings released: EPS R0.53 (vs R0.36 in 1H 2020)

Revenue misses expectations

Fortress REIT Limited to Report First Half, 2021 Results on Mar 10, 2021

New 90-day high: R13.94

New 90-day high: R13.53

CEO, MD & Executive Director recently bought R51k worth of stock

COO & Executive Director recently sold R906k worth of stock

CEO, MD & Executive Director exercised options to buy R692k worth of stock.

Fortress REIT Limited Announces Executive Changes

New 90-day low: R11.94

The clients of Foord Asset Management Proprietary Limited acquired a stake in Fortress REIT Limited (JSE:FFA).

Upcoming Dividend of R0.23 Per Share

An unknown buyer acquired an unknown minority stake in Fortress REIT Limited (JSE:FFA).

Price target lowered to R15.03

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies