If Fortress Reit can successfully unwind a complex dual capital structure this year, it may be on track to resume dividends — placing the stock firmly back on investor radars.
Its B shares are up 13% from January 3, making it the JSE’s best performing property counter year to date. That compares with a 3% drop in the SA listed property index over the same period...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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