Fortress Income Fund Ltd (FFB) - Net Assets
Based on the latest financial reports, Fortress Income Fund Ltd (FFB) has net assets worth ZAC31.59 Billion ZAC (≈ $16.79 Million USD) 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 ≈ $31.72 Million USD) and total liabilities (ZAC28.10 Billion ≈ $14.93 Million USD). 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. Check FFB strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
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. For live market cap and overall valuation, see market value of Fortress Income Fund Ltd.
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. Also explore Fortress Income Fund Ltd net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | ZAC30.62 Billion ≈ $16.27 Million |
+1.85% |
| 2024-06-30 | ZAC30.07 Billion ≈ $15.98 Million |
-10.31% |
| 2023-06-30 | ZAC33.52 Billion ≈ $17.81 Million |
+24.33% |
| 2022-06-30 | ZAC26.96 Billion ≈ $14.33 Million |
-1.54% |
| 2021-06-30 | ZAC27.38 Billion ≈ $14.55 Million |
+13.12% |
| 2020-06-30 | ZAC24.21 Billion ≈ $12.86 Million |
-30.88% |
| 2019-06-30 | ZAC35.02 Billion ≈ $18.61 Million |
-5.48% |
| 2018-06-30 | ZAC37.05 Billion ≈ $19.69 Million |
-17.87% |
| 2017-06-30 | ZAC45.11 Billion ≈ $23.98 Million |
+10.23% |
| 2016-06-30 | ZAC40.92 Billion ≈ $21.75 Million |
+204.03% |
| 2015-06-30 | ZAC13.46 Billion ≈ $7.15 Million |
+132.31% |
| 2014-06-30 | ZAC5.79 Billion ≈ $3.08 Million |
+78.95% |
| 2013-06-30 | ZAC3.24 Billion ≈ $1.72 Million |
+95.19% |
| 2012-06-30 | ZAC1.66 Billion ≈ $881.60K |
+117.73% |
| 2011-06-30 | ZAC761.90 Million ≈ $404.91K |
+116.57% |
| 2010-06-30 | ZAC351.80 Million ≈ $186.96K |
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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 |
|---|---|
|
ANI Pharmaceuticals Inc
NASDAQ:ANIP
|
$1.75 Billion |
|
Chongqing Zaisheng Tech Corp
SHG:603601
|
$1.75 Billion |
|
Golden Ocean Group Ltd
OL:GOGL
|
$1.75 Billion |
|
Mirae Asset Life Insurance Co Ltd
KO:085620
|
$1.75 Billion |
|
Minda Corporation Limited
NSE:MINDACORP
|
$1.74 Billion |
|
F&F Co Ltd
KO:383220
|
$1.74 Billion |
|
Austevoll Seafood ASA
OL:AUSS
|
$1.74 Billion |
|
Jeudan
CO:JDAN
|
$1.74 Billion |
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.
- Dividend payments of 293,271,000 reduced retained earnings.
- Other comprehensive income increased equity by 565,157,000.
- Other factors decreased equity by 2,383,176,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC2.68 Billion | +8.79% |
| Dividends Paid | ZAC293.27 Million | -0.96% |
| Other Comprehensive Income | ZAC565.16 Million | +1.86% |
| Other Changes | ZAC-2.38 Billion | -7.83% |
| 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: 101.91x
- 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 2977.13x to 101.91x 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 | ZAC2566.00 | x |
| 2011-06-30 | ZAC1.46 | ZAC2566.00 | x |
| 2012-06-30 | ZAC3.18 | ZAC2566.00 | x |
| 2013-06-30 | ZAC10.39 | ZAC2566.00 | x |
| 2014-06-30 | ZAC6.78 | ZAC2566.00 | x |
| 2015-06-30 | ZAC15.01 | ZAC2566.00 | x |
| 2016-06-30 | ZAC25.35 | ZAC2566.00 | x |
| 2017-06-30 | ZAC20.59 | ZAC2566.00 | x |
| 2018-06-30 | ZAC16.33 | ZAC2566.00 | x |
| 2019-06-30 | ZAC15.56 | ZAC2566.00 | x |
| 2020-06-30 | ZAC11.24 | ZAC2566.00 | x |
| 2021-06-30 | ZAC12.68 | ZAC2566.00 | x |
| 2022-06-30 | ZAC12.64 | ZAC2566.00 | x |
| 2023-06-30 | ZAC15.74 | ZAC2566.00 | x |
| 2024-06-30 | ZAC25.21 | ZAC2566.00 | x |
| 2025-06-30 | ZAC25.18 | ZAC2566.00 | 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: $330,530,066
- Average return on equity (ROE) among peers: 4.75%
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 | $1.75 Billion |
| Lighthouse Capital Ltd (LTE) | $247.28 Million | -10.57% | 0.68x | $923.64 Million |
| Putprop Ltd (PPR) | $571.82 Million | 11.39% | 0.16x | $12.39 Million |
| Sirius Real Estate Ltd (SRE) | $288.26 Million | 9.36% | 1.01x | $1.59 Billion |
| Trematon Capital Investments (TMT) | $214.76 Million | 8.80% | 0.19x | $14.79 Million |
About Fortress Income Fund Ltd
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