Fortress Real Estate Investments Limited

JSE:FFA Stock Report

Market Cap: R34.3b

Fortress Real Estate Investments Past Earnings Performance

Past criteria checks 4/6

Fortress Real Estate Investments has been growing earnings at an average annual rate of 47.7%, while the Real Estate industry saw earnings growing at 21.2% annually. Revenues have been declining at an average rate of 0.8% per year. Fortress Real Estate Investments's return on equity is 17.6%, and it has net margins of 95.8%.

Key information

47.7%

Earnings growth rate

47.4%

EPS growth rate

Real Estate Industry Growth22.4%
Revenue growth rate-0.8%
Return on equity17.6%
Net Margin95.8%
Next Earnings Update11 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Fortress Real Estate Investments makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

JSE:FFA Revenue, expenses and earnings (ZAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 236,1755,9172780
31 Mar 235,8183,9912730
31 Dec 225,4602,0652690
30 Sep 225,0771,4212660
30 Jun 224,6937782640
31 Mar 224,5432,2512580
31 Dec 214,3943,7252530
30 Sep 214,1673,5392500
30 Jun 213,9393,3532470
31 Mar 213,262-2,3292620
31 Dec 202,584-8,0102770
30 Sep 203,031-8,1902690
30 Jun 203,477-8,3692610
31 Mar 204,365-2,6403180
31 Dec 195,2523,0903760
30 Sep 195,2172,8543600
30 Jun 195,1822,6183450
31 Mar 195,490-5,0032410
31 Dec 185,799-12,6231370
30 Sep 185,673-8,7641240
30 Jun 185,547-4,9041100
31 Mar 184,9742,9871110
31 Dec 174,40010,8791110
30 Sep 174,4677,6501170
30 Jun 174,5344,4201230
31 Mar 174,7824,2101280
31 Dec 165,0304,0011340
30 Sep 163,909-6861190
30 Jun 162,788-5,3721050
31 Mar 162,073-5,648770
31 Dec 151,358-5,924500
30 Sep 151,467-1,463440
30 Jun 151,5762,997370
31 Mar 151,3002,658370
31 Dec 141,0232,318370
30 Sep 141,0082,057350
30 Jun 149931,796330
31 Mar 148781,838290
31 Dec 137631,879260
30 Sep 137291,792260
30 Jun 136941,706260
31 Mar 136741,420260

Quality Earnings: FFA has a large one-off gain of ZAR1.7B impacting its last 12 months of financial results to 30th June, 2023.

Growing Profit Margin: FFA's current net profit margins (95.8%) are higher than last year (16.6%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: FFA has become profitable over the past 5 years, growing earnings by 47.7% per year.

Accelerating Growth: FFA's earnings growth over the past year (660.8%) exceeds its 5-year average (47.7% per year).

Earnings vs Industry: FFA earnings growth over the past year (660.8%) exceeded the Real Estate industry 23.4%.


Return on Equity

High ROE: FFA's Return on Equity (17.6%) is considered low.


Return on Assets


Return on Capital Employed


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