JSE-listed Fortress Real Estate Investments has reaffirmed its distributable earnings forecast of at least R2.15-billion for the financial year ending June 30.
This translates into a forecast distribution of at least 176.48c a share, compared with 162.44c a share for the financial year ended June 30, 2025.
The company says the board further provided earnings guidance for the financial year ending June 30, 2027 of about R2.31-billion, representing a 7.4% increase, compared with financial year 2026 guidance.
Fortress CEO Steven Brown says sustained strength in the logistics and retail sectors has been instrumental in supporting the company’s overall operational performance.
“The logistics sector continues to outperform, underpinned by sustained demand for premium, secure warehousing,” Brown says.
