Fortress was listed on 22 October 2009 on the main board of the Johannesburg Stock Exchange Limited as a property loan stock company. It listed with an initial market capitalisation of R1.8 billion, making it the largest initial listing in the listed property sector. Fortress converted to a Real Estate Investment Trust REIT on 1 July 2013. Fortress is a hybrid fund, investing in both direct property as well as other listed property stocks and REITs. It focusses on the development of prime real estate logistics assets as well as investments into its retail portfolio. Currently Fortress portfolio includes industrial, logistics, office, retail and other properties.
P/B ratio for Fortress REIT Limited (FFA.JO)
P/B ratio as of 2023: 0.65
According to Fortress REIT Limited's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 0.65. At the end of 2022 the company had a P/B ratio of 0.81.
P/B ratio history for Fortress REIT Limited from 2009 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 0.65 |
| 2022 | 0.81 |
| 2021 | 0.84 |
| 2020 | 1.07 |
| 2019 | 1.11 |
| 2018 | 1.37 |
| 2017 | 0.94 |
| 2016 | 0.83 |
| 2015 | 0.62 |
| 2014 | 1.03 |
| 2013 | 1.07 |
| 2012 | 1.42 |
| 2011 | 2.37 |
| 2010 | 3.37 |
| 2009 | 11.72 |