Fortress Real Estate Investments Limited

JSE:FFB Stock Report

Market Cap: R24.3b

Fortress Real Estate Investments Management

Management criteria checks 1/4

Fortress Real Estate Investments' CEO is Steve Brown, appointed in Jul 2019, has a tenure of 5.42 years. total yearly compensation is ZAR26.05M, comprised of 16% salary and 84% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth ZAR69.56M. The average tenure of the management team and the board of directors is 0.9 years and 4.4 years respectively.

Key information

Steve Brown

Chief executive officer

R26.0m

Total compensation

CEO salary percentage16.0%
CEO tenure5.4yrs
CEO ownership0.3%
Management average tenureless than a year
Board average tenure4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steve Brown's remuneration changed compared to Fortress Real Estate Investments's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024R26mR4m

R4b

Mar 31 2024n/an/a

R5b

Dec 31 2023n/an/a

R6b

Sep 30 2023n/an/a

R6b

Jun 30 2023R10mR4m

R6b

Mar 31 2023n/an/a

R4b

Dec 31 2022n/an/a

R2b

Sep 30 2022n/an/a

R1b

Jun 30 2022R8mR5m

R778m

Mar 31 2022n/an/a

R2b

Dec 31 2021n/an/a

R4b

Sep 30 2021n/an/a

R4b

Jun 30 2021R6mR5m

R3b

Mar 31 2021n/an/a

-R2b

Dec 31 2020n/an/a

-R8b

Sep 30 2020n/an/a

-R8b

Jun 30 2020R8mR5m

-R8b

Mar 31 2020n/an/a

-R3b

Dec 31 2019n/an/a

R3b

Sep 30 2019n/an/a

R3b

Jun 30 2019R4mR4m

R3b

Mar 31 2019n/an/a

-R5b

Dec 31 2018n/an/a

-R13b

Sep 30 2018n/an/a

-R9b

Jun 30 2018R5mR2m

-R5b

Compensation vs Market: Steve's total compensation ($USD1.42M) is above average for companies of similar size in the ZA market ($USD1.08M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Steve Brown (44 yo)

5.4yrs

Tenure

R26,047,000

Compensation

Mr. Steven Brown, also known as Steve, CA (SA), CFA, B.Bus.Sci has been Executive Director of Fortress Real Estate Investments Limited (formerly known as Fortress REIT Limited) since July 02, 2018. He has...

Leadership Team

NamePositionTenureCompensationOwnership
Steven Brown
CEO, MD & Executive Director5.4yrsR26.05m0.29%
ZAR 69.6m
Ian Vorster
Financial Director6yrsR18.02m0.18%
ZAR 43.5m
Sipho Majija
Head of Retail & Executive Directorno dataR16.71m0.17%
ZAR 40.4m
Ryan Eichstadt
Head of Investor Relations & Corporate Financeless than a yearno datano data
Jodie Ellinor-Dreyer
Head of Corporate Social Investment & Transformationless than a yearno datano data
Jason Cooper
Head of Property Developmentless than a yearno datano data
PC Potgieter
Head of Sustainabilityless than a yearno datano data
Bruce Collins
Head of Asset Managementless than a yearno datano data
Tamlyn Stevens
Company Secretary8.7yrsno datano data

0.9yrs

Average Tenure

44yo

Average Age

Experienced Management: FFB's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Steven Brown
CEO, MD & Executive Director6.6yrsR26.05m0.29%
ZAR 69.6m
Ian Vorster
Financial Director6yrsR18.02m0.18%
ZAR 43.5m
Sipho Majija
Head of Retail & Executive Director7.6yrsR16.71m0.17%
ZAR 40.4m
Hermanus Bosman
Independent Non-Executive Directorless than a yearno datano data
Edwin Oblowitz
Independent Non-Executive Director1.6yrsR1.39mno data
Jonathon Hillary
Independent Non-Executive Directorless than a yearno datano data
Hermina Lopion
Independent Non-Executive Director4.9yrsR882.00kno data
Moshiko Caswell Rampheri
Independent Non-Executive director1.5yrsR982.00kno data
Robin Lockhart-Ross
Independent Non-Executive Chairman6.4yrsR1.57mno data
Susan Ludolph
Independent Non Executive Director6yrsR979.00kno data
Thavanesan Chetty
Independent Non Executive Director3.8yrsR1.08mno data
Nonhlanhla Mayisela
Independent Non-Executive Directorless than a yearno datano data

4.4yrs

Average Tenure

54yo

Average Age

Experienced Board: FFB's board of directors are considered experienced (4.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 14:22
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fortress Real Estate Investments Limited is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mahir HamdulayAbsa Bank Limited
Francois Du ToitAnchor Stockbrokers Proprietary Limited
Yesh PillayAnchor Stockbrokers Proprietary Limited