THE PROPERTY HANDBOOK 2017
Fortress Income Fund review
Fortress remains one of the largest listed companies on the JSE, being only one of three listed property companies in the Alsi40
Fortress Income Fund is an internally managed real estate investment trust (Reit) that listed on the JSE in October 2009. Fortress is a hybrid fund that offers investors a niche exposure to the SA commuter-orientated retail market, prime logistics warehousing and strategic offshore investments through holdings in recently merged Nepi Rockcastle as well as Greenbay Properties.Fortress remains one of the largest listed companies on the JSE, being only one of three listed property companies in the Alsi40. Fortress offers investors equal exposure to both the best onshore and offshore opportunities. The capital structure of the fund was created to cater for investors with different risk profiles through the A and B share structure. The A and B shares trade independently on the JSE under the codes FFA and FFB. Investors in the A share have a preferential claim to the income distribution of the fund with distribution growth capped at the lower of 5% or CPI. The A share also has preference ...
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