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.
Revenue of Fortress REIT Limited (FFA.JO)
Revenue in 2023 (TTM): $6.51 B
According to Fortress REIT Limited's latest financial reports the company's current revenue (TTM) is $6.51 B. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Fortress REIT Limited
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $6.51 B | $4.75 B | $2.31 B | $5.68 B | $4.33 B |
| 2022 | $3.79 B | $2.24 B | $1.8 B | $2.24 B | $5.92 B |
| 2021 | $3.45 B | $2.08 B | $2.35 B | $844.87 M | $777.82 M |
| 2020 | $3.23 B | $1.92 B | $2.16 B | $3.38 B | $3.35 B |
| 2019 | $3.62 B | $2.21 B | $-7,198,561,000 | $-8,365,692,000 | $-8,369,338,000 |
| 2018 | $3.63 B | $2.44 B | $3.15 B | $3.07 B | $2.62 B |
| 2017 | $3.63 B | $2.54 B | $-4,628,654,000 | $-5,850,937,000 | $-4,904,290,000 |
| 2016 | $3.3 B | $2.18 B | $5.21 B | $4.49 B | $4.42 B |
| 2015 | $2.28 B | $1.56 B | $-4,492,861,000 | $-5,275,743,000 | $-5,371,757,000 |
| 2014 | $842.49 M | $554.9 M | $2 B | $2.81 B | $2.56 B |
| 2013 | $763.43 M | $516.19 M | $1.38 B | $1.25 B | $1.16 B |
| 2012 | $688.01 M | $465.3 M | $1.26 B | $1.4 B | $1.27 B |
| 2011 | $569.87 M | $379.72 M | $920.94 M | $659.91 M | $587.21 M |
| 2010 | $465.92 M | $318 M | $675.68 M | $326.1 M | $282.88 M |
| 2009 | $289.36 M | $209.35 M | $375.85 M | $165.52 M | $132.84 M |