Fortress Income Fund Ltd

JSE:FFB South Africa Real Estate Services
Market Cap
$1.47 Billion
ZAC2.76 Trillion ZAC
Market Cap Rank
#26749 Global
#39 in South Africa
Share Price
ZAC2268.00
Change (1 day)
-1.39%
52-Week Range
ZAC1740.00 - ZAC2658.00
All Time High
ZAC2658.00
Categories
Companies in South Africa Real Estate Services
About

Fortress is a real estate investment company with a focus on developing and letting premium-grade logistics real estate in SA and CEE, as well as growing our convenience and commuter-oriented retail portfolio. Fortress also holds, at the date of this report, a 16,2% interest in NEPI Rockcastle, the largest listed property company on the JSE, with a EUR7 billion portfolio across nine CEE countries… Read more

Fortress Income Fund Ltd (FFB) - Net Assets

Latest net assets as of December 2025: ZAC31.59 Billion ZAC

Based on the latest financial reports, Fortress Income Fund Ltd (FFB) has net assets worth ZAC31.59 Billion ZAC as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC59.69 Billion) and total liabilities (ZAC28.10 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets ZAC31.59 Billion
% of Total Assets 52.93%
Annual Growth Rate 34.68%
5-Year Change 11.84%
10-Year Change -25.17%
Growth Volatility 67.73

Fortress Income Fund Ltd - Net Assets Trend (2010–2025)

This chart illustrates how Fortress Income Fund Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Fortress Income Fund Ltd (2010–2025)

The table below shows the annual net assets of Fortress Income Fund Ltd from 2010 to 2025.

Year Net Assets Change
2025-06-30 ZAC30.62 Billion +1.85%
2024-06-30 ZAC30.07 Billion -10.31%
2023-06-30 ZAC33.52 Billion +24.33%
2022-06-30 ZAC26.96 Billion -1.54%
2021-06-30 ZAC27.38 Billion +13.12%
2020-06-30 ZAC24.21 Billion -30.88%
2019-06-30 ZAC35.02 Billion -5.48%
2018-06-30 ZAC37.05 Billion -17.87%
2017-06-30 ZAC45.11 Billion +10.23%
2016-06-30 ZAC40.92 Billion +204.03%
2015-06-30 ZAC13.46 Billion +132.31%
2014-06-30 ZAC5.79 Billion +78.95%
2013-06-30 ZAC3.24 Billion +95.19%
2012-06-30 ZAC1.66 Billion +117.73%
2011-06-30 ZAC761.90 Million +116.57%
2010-06-30 ZAC351.80 Million --

Equity Component Analysis

This analysis shows how different components contribute to Fortress Income Fund Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Common Stock ZAC36.68 Billion 120.53%
Other Comprehensive Income ZAC-6.25 Billion -20.53%
Total Equity ZAC30.43 Billion 100.00%

Fortress Income Fund Ltd Competitors by Market Cap

The table below lists competitors of Fortress Income Fund Ltd ranked by their market capitalization.

Company Market Cap
Enproserve Group Berhad
KLSE:0367
 		$15.10 Million
WOLFTANK-ADISA HLDG O.N.
F:WAH
 		$15.10 Million
CASTA DIVA GROUP S.P.A.
F:99C
 		$15.11 Million
Andalan Perkasa Abadi Tbk PT
JK:NASA
 		$15.11 Million
Alisa Pankki Oyj
HE:ALISA
 		$15.10 Million
SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS
IS:SANEL
 		$15.09 Million
Essar Shipping Limited
NSE:ESSARSHPNG
 		$15.09 Million
Laser Photonics Corporation Common Stock
NASDAQ:LASE
 		$15.09 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Fortress Income Fund Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 29,865,807,000 to 30,430,774,000, a change of 564,967,000 (1.9%).
  • Net income of 2,676,257,000 contributed positively to equity growth.
  • Other comprehensive income increased equity by 565,157,000.
  • Other factors decreased equity by 2,676,447,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC2.68 Billion +8.79%
Other Comprehensive Income ZAC565.16 Million +1.86%
Other Changes ZAC-2.68 Billion -8.8%
Total Change ZAC- 1.89%

Book Value vs Market Value Analysis

This analysis compares Fortress Income Fund Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 90.07x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 2631.38x to 90.07x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2010-06-30 ZAC0.86 ZAC2268.00 x
2011-06-30 ZAC1.46 ZAC2268.00 x
2012-06-30 ZAC3.18 ZAC2268.00 x
2013-06-30 ZAC10.39 ZAC2268.00 x
2014-06-30 ZAC6.78 ZAC2268.00 x
2015-06-30 ZAC15.01 ZAC2268.00 x
2016-06-30 ZAC25.35 ZAC2268.00 x
2017-06-30 ZAC20.59 ZAC2268.00 x
2018-06-30 ZAC16.33 ZAC2268.00 x
2019-06-30 ZAC15.56 ZAC2268.00 x
2020-06-30 ZAC11.24 ZAC2268.00 x
2021-06-30 ZAC12.68 ZAC2268.00 x
2022-06-30 ZAC12.64 ZAC2268.00 x
2023-06-30 ZAC15.74 ZAC2268.00 x
2024-06-30 ZAC25.21 ZAC2268.00 x
2025-06-30 ZAC25.18 ZAC2268.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Fortress Income Fund Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 8.79%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 44.49%
  • • Asset Turnover: 0.10x
  • • Equity Multiplier: 1.97x
  • Recent ROE (8.79%) is below the historical average (12.57%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2010 37.76% 45.91% 0.10x 8.65x ZAC97.66 Million
2011 37.13% 60.72% 0.11x 5.41x ZAC206.69 Million
2012 35.40% 103.04% 0.10x 3.57x ZAC421.32 Million
2013 39.28% 184.85% 0.08x 2.72x ZAC947.97 Million
2014 20.10% 152.58% 0.06x 2.32x ZAC585.41 Million
2015 19.05% 304.31% 0.04x 1.49x ZAC1.22 Billion
2016 -13.13% -235.98% 0.04x 1.35x ZAC-9.46 Billion
2017 9.81% 134.07% 0.05x 1.38x ZAC-87.39 Million
2018 -13.27% -134.98% 0.06x 1.53x ZAC-8.60 Billion
2019 7.50% 72.14% 0.07x 1.53x ZAC-872.10 Million
2020 -34.70% -231.38% 0.08x 1.79x ZAC-10.78 Billion
2021 12.30% 103.69% 0.07x 1.67x ZAC627.18 Million
2022 2.91% 22.57% 0.07x 1.78x ZAC-1.90 Billion
2023 17.75% 156.22% 0.07x 1.63x ZAC2.58 Billion
2024 14.51% 99.99% 0.08x 1.79x ZAC1.35 Billion
2025 8.79% 44.49% 0.10x 1.97x ZAC-366.82 Million

Industry Comparison

This section compares Fortress Income Fund Ltd's net assets metrics with peer companies in the Real Estate Services industry.

Industry Context

  • Industry: Real Estate Services
  • Average net assets among peers: $1,468,326,535
  • Average return on equity (ROE) among peers: 11.04%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Fortress Income Fund Ltd (FFB) ZAC31.59 Billion 37.76% 0.89x $15.10 Million
Collins Property Group (CPP) $5.33 Billion 10.46% 1.29x $182.60 Million
Lighthouse Capital Ltd (LTE) $368.59 Million -9.56% 0.74x $9.15 Million
Putprop Ltd (PPR) $132.59 Million 12.38% 0.08x $132.96K
Trematon Capital Investments (TMT) $46.08 Million 30.87% 0.45x $142.03K