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Fortress Real Estate Investments Ltd
JSE:FFB

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Fortress Real Estate Investments Ltd
JSE:FFB
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Price: 2 028 Zac 0.5% Market Closed
Market Cap: 21.2B Zac
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Income Statement

Earnings Waterfall
Fortress Real Estate Investments Ltd

Revenue
4.4B ZAR
Cost of Revenue
-1.8B ZAR
Gross Profit
2.6B ZAR
Operating Expenses
-325.3m ZAR
Operating Income
2.3B ZAR
Other Expenses
2B ZAR
Net Income
4.3B ZAR

Income Statement
Fortress Real Estate Investments Ltd

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Income Statement
Currency: ZAR
Jun-2013 Dec-2013 Jun-2014 Dec-2014 Jun-2015 Dec-2015 Jun-2016 Dec-2016 Jun-2017 Dec-2017 Jun-2018 Dec-2018 Jun-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024
Revenue
Revenue
675
N/A
722
+7%
756
+5%
763
+1%
842
+10%
1 071
+27%
2 276
+113%
3 262
+43%
3 297
+1%
3 488
+6%
3 633
+4%
3 755
+3%
3 628
-3%
3 726
+3%
3 617
-3%
3 312
-8%
3 233
-2%
3 308
+2%
3 446
+4%
3 629
+5%
3 788
+4%
4 056
+7%
4 384
+8%
Gross Profit
Cost of Revenue
(221)
(239)
(246)
(249)
(288)
(371)
(719)
(1 072)
(1 115)
(1 128)
(1 096)
(1 134)
(1 184)
(1 202)
(1 410)
(1 461)
(1 314)
(1 358)
(1 366)
(1 418)
(1 545)
(1 651)
(1 765)
Gross Profit
454
N/A
483
+6%
510
+6%
514
+1%
555
+8%
700
+26%
1 557
+122%
2 190
+41%
2 182
0%
2 360
+8%
2 537
+8%
2 621
+3%
2 444
-7%
2 524
+3%
2 208
-13%
1 851
-16%
1 920
+4%
1 950
+2%
2 081
+7%
2 212
+6%
2 243
+1%
2 405
+7%
2 619
+9%
Operating Income
Operating Expenses
(26)
(18)
36
24
(37)
(50)
(105)
(134)
(123)
(111)
(110)
(341)
(345)
(376)
(261)
(277)
(259)
(30)
(24)
(246)
(286)
(342)
(325)
Selling, General & Administrative
(26)
(26)
(33)
(37)
(37)
(50)
(105)
(134)
(123)
(111)
(110)
(137)
(345)
(376)
(261)
(277)
(247)
(253)
(264)
(269)
(278)
(341)
(332)
Other Operating Expenses
0
8
69
61
0
0
0
0
0
0
0
(204)
0
0
0
0
(12)
223
240
23
(8)
(2)
7
Operating Income
429
N/A
465
+8%
546
+17%
538
-1%
518
-4%
650
+25%
1 453
+124%
2 056
+42%
2 059
+0%
2 249
+9%
2 427
+8%
2 280
-6%
2 100
-8%
2 148
+2%
1 947
-9%
1 574
-19%
1 661
+6%
1 921
+16%
2 057
+7%
1 966
-4%
1 957
0%
2 063
+5%
2 293
+11%
Pre-Tax Income
Interest Income Expense
314
336
28
(278)
382
(688)
2 064
3 511
2 433
1 233
(846)
1 272
648
485
(5 875)
(6 966)
(323)
56
1 126
1 802
295
207
934
Non-Reccuring Items
654
599
674
1 430
1 914
(5 759)
(8 793)
(1 226)
(2)
6 329
(7 432)
(15 982)
321
718
(4 438)
(2 555)
2 037
1 689
(2 338)
(1 261)
2 372
2 997
2 456
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
1 397
N/A
1 400
+0%
1 247
-11%
1 690
+36%
2 815
+67%
(5 797)
N/A
(5 276)
+9%
4 340
N/A
4 490
+3%
9 811
+118%
(5 851)
N/A
(12 430)
-112%
3 068
N/A
3 351
+9%
(8 366)
N/A
(7 947)
+5%
3 375
N/A
3 667
+9%
845
-77%
2 507
+197%
4 624
+84%
5 267
+14%
5 684
+8%
Net Income
Tax Provision
(125)
(25)
(82)
(159)
(251)
(127)
(96)
(342)
(64)
1 073
982
(149)
(422)
(235)
(30)
(54)
22
68
(43)
(421)
1 264
787
(1 338)
Income from Continuing Operations
1 272
1 375
1 165
1 531
2 564
(5 924)
(5 372)
3 999
4 426
10 885
(4 869)
(12 579)
2 647
3 115
(8 396)
(8 001)
3 397
3 735
802
2 086
5 888
6 054
4 346
Income to Minority Interest
0
0
0
0
0
0
0
2
(6)
(5)
(35)
(44)
(29)
(25)
27
(9)
(44)
(10)
(24)
(20)
29
34
(14)
Net Income (Common)
1 272
N/A
1 375
+8%
1 165
-15%
1 531
+31%
2 564
+67%
(5 924)
N/A
(5 372)
+9%
4 001
N/A
4 420
+10%
10 879
+146%
(4 904)
N/A
(12 623)
-157%
2 618
N/A
3 090
+18%
(8 369)
N/A
(8 010)
+4%
3 353
N/A
3 725
+11%
778
-79%
2 065
+166%
5 917
+187%
6 088
+3%
4 333
-29%
EPS (Diluted)
1.35
N/A
1.9
+41%
1.36
-28%
1.79
+32%
2.86
+60%
-5.26
N/A
-3.33
+37%
1.86
N/A
2.02
+9%
4.83
+139%
-2.17
N/A
-5.6
-158%
1.17
N/A
1.44
+23%
-3.9
N/A
-3.73
+4%
1.56
N/A
1.74
+12%
0.37
-79%
0.97
+162%
2.8
+189%
2.87
+3%
3.66
+28%

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