Full Year 2025 Fortress Real Estate Investments Ltd Earnings Call Transcript
Welcome to the Fortress results presentation for the year ended June 30, 2025. I think first and foremost, I'd really like to thank Ian Vorster and the finance team for getting all of the financials together, getting the audit done. It's always a tough time of year and through the winter months. So well done and thank you. Thank you to them, and thanks to the whole Fortress team for delivering what I think has been a very strong set of results.
Just a few of the highlights from the results for the current financial year. We were a little bit ahead of our forecast that we forecast in the pre-close, about ZAR26 million ahead. Ian will touch on the NEPI dividend alternative, which we've offered yet again just to enhance the returns to our shareholders.
For the past financial year, our total shareholder return was in excess of 30%. We can't pinpoint it because it depends if you elected the NEPI shares or the cash, but it was quite well in excess of 30%, which I think is a very
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