Fortress stands firm as lockdown batters dividend
Industrial property owner has R2.8bn and a loan-to-value ratio of 39%, in line with most fund managers’ criteria
04 September 2020 - 09:38
Fortress Reit, the JSE-listed property group with a focus on logistics and commuter retail assets, is in a strong position to recover from the Covid-19 pandemic and lockdown that derailed its dividend returns.
The company, which owns R28.4bn in assets placing it among the top 10 listed real estate investment trust (Reits) on the JSE by asset value, took risk measures in the year to June such that it now has R2.8bn and a loan-to-value ratio of 39%, in line with the desires of most fund managers...
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