Fortress Real Estate Investments Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

JSE:FFB Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
30 Sep 25	BuyR42,361,133	Steven Brown	Individual	1,846,605	R22.94
30 Sep 25	BuyR26,128,715	Sipho Majija	Individual	1,139,002	R22.94
30 Sep 25	BuyR30,070,588	Ian Vorster	Individual	1,310,836	R22.94
17 Sep 25	BuyR7,818,016	Steven Brown	Individual	352,163	R22.20
17 Sep 25	BuyR5,547,112	Sipho Majija	Individual	249,870	R22.20
17 Sep 25	BuyR6,169,800	Ian Vorster	Individual	277,919	R22.20

Insider Trading Volume

Insider Buying: FFB insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of FFB?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	12,744,020	1.06%
General Public	187,633,601	15.6%
Institutions	1,003,914,209	83.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 80.41% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
21.7%	Public Investment Corporation Limited	261,151,931	R6.7b	0%	0.44%
7.23%	Truffle Asset Management	87,074,494	R2.2b	576%	3.45%
6.83%	Sesfikile Capital (Pty) Ltd	82,303,289	R2.1b	0%	13.15%
6.7%	Meago Pty Ltd.	80,633,367	R2.1b	0%	19.49%
5.95%	Coronation Fund Managers Limited	71,695,200	R1.8b	0%	0.72%
5.79%	Catalyst Fund Managers (Pty) Ltd.	69,709,174	R1.8b	0%	16.62%
5.16%	Eskom Pension and Provident Fund	62,089,605	R1.6b	0%	13.66%
4.39%	The Vanguard Group, Inc.	52,827,568	R1.4b	0.29%	no data
3.54%	Standard Bank Group Limited	42,631,931	R1.1b	0%	0.85%
1.88%	STANLIB Asset Management (Pty) Limited	22,674,195	R584.1m	0%	1.72%
1.82%	Ninety One UK Limited	21,917,992	R564.6m	0%	0.04%
1.75%	Sanlam Investment Management (Pty) Ltd.	21,128,295	R544.3m	0%	0.28%
1.51%	BlackRock, Inc.	18,222,405	R469.4m	0.43%	no data
1.28%	MandG Investments Southern Africa (Pty) Ltd	15,437,041	R397.7m	0%	0.62%
0.75%	Momentum Asset Management (Pty) Ltd.	9,070,638	R233.7m	0%	1.73%
0.71%	Norges Bank Investment Management	8,533,275	R219.8m	0%	no data
0.55%	Investment Solutions Ltd.	6,604,462	R170.1m	0%	1.22%
0.47%	Steven Brown	5,608,455	R144.5m	64.5%	no data
0.45%	Momentum Multi-Manager (Pty) Ltd	5,438,089	R140.1m	0%	1.14%
0.41%	M&G Investment Managers (Pty) Limited	4,897,666	R126.2m	0%	0.46%
0.38%	Taquanta Asset Managers (Pty) Ltd.	4,524,658	R116.6m	0%	0.55%
0.31%	Ian Vorster	3,722,459	R95.9m	74.5%	no data
0.3%	Absa Asset Management (Proprietary) Ltd.	3,626,946	R93.4m	0%	2.26%
0.29%	10X Index Fund Managers (RF) Pty Ltd	3,461,028	R89.2m	0%	10.23%
0.28%	Sipho Majija	3,369,871	R86.8m	70.1%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/29 19:57
End of Day Share Price	2025/11/28 00:00
Earnings	2025/06/30
Annual Earnings	2025/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 Github.

Analyst Sources

Fortress Real Estate Investments Limited is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mahir Hamdulay	Absa Bank Limited
Francois Du Toit	Anchor Stockbrokers Proprietary Limited
Yesh Pillay	Anchor Stockbrokers Proprietary Limited