Fortress increases dividend payout by 10.10 percent

Fortress has increased its dividend payout by 10.10 percent for the 2026 financial year, raising it to 178.80 cents per share. Distributable earnings for the period reached 2.234 billion Rand, exceeding the company's forecast of 2.15 billion Rand.

The company also reported a reduction in its loan-to-value ratio from 39.10 percent to 34.00 percent, while net asset value per share rose by 9.20 percent. Growth was driven largely by the logistics sector, which saw a 8.40 percent increase in like-for-like net operating income, and the retail sector, which grew by 7.30 percent.

Looking ahead to the 2027 financial year, Fortress has projected a dividend of 192.00 cents per share, representing a 7.50 percent increase over the 2026 figure.