Fortress Real Estate Investments (JSE:FFB) EBIT: R6,411 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:FFB Fortress Real Estate Investments Ltd JSE:FFB
80 GF Score
Price R25.06
GF Value R21.76
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is Fortress Real Estate Investments EBIT?

Fortress Real Estate Investments JSE:FFB -0.48% 80 EBIT is R6,411 Mil as of Dec. 2025. GuruFocus rates JSE:FFB with a GF Score™ of 80/100 and a GF Value™ of R21.76 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Fortress Real Estate Investments's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was R3,425 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was R6,411 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fortress Real Estate Investments's annualized ROC % for the quarter that ended in Dec. 2025 was 5.47%. Fortress Real Estate Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 28,049.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fortress Real Estate Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.06%.

Fortress Real Estate Investments  (JSE:FFB) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Fortress Real Estate Investments's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=3811.884 * ( 1 - 15.33% )/( (57879.404 + 60040.089)/ 2 )
=3227.5221828/58959.7465
=5.47 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=59861.641 - 87.206 - ( 5190.581 - max(0, 4579.327 - 6474.358+5190.581))
=57879.404

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=59693.046 - 1749.52 - ( 3852.79 - max(0, 7250.458 - 5153.895+3852.79))
=60040.089

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Fortress Real Estate Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6850.326/( ( (24.422 + max(-856.98, 0)) + (24.422 + max(-448.415, 0)) )/ 2 )
=6850.326/( ( 24.422 + 24.422 )/ 2 )
=6850.326/24.422
=28,049.82 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.927 + 0 + 682.544) - (87.206 + 0 + 1480.245)
=-856.98

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1301.105 + 0 + 0) - (1749.52 + 0 + -9.0949470177293E-13)
=-448.415

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Fortress Real Estate Investments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=6411.412/53175.842
=12.06 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fortress Real Estate Investments EBIT Related Terms

Fortress Real Estate Investments EBIT Historical Data

* Premium members only.

The historical data trend for Fortress Real Estate Investments's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fortress Real Estate Investments EBIT Chart

Fortress Real Estate Investments Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,226.39 1,820.20 5,849.49 7,548.58 5,682.67

Fortress Real Estate Investments Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,715.36 2,833.22 2,696.43 2,986.25 3,425.16

JSE:FFB vs CBRE, BEKE, JLL: EBIT Comparison

For the Real Estate Services subindustry, Fortress Real Estate Investments's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fortress Real Estate Investments EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Fortress Real Estate Investments's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fortress Real Estate Investments's EV-to-EBIT falls into.


JSE:FFB
80GF Score
Fortress Real Estate Investments Ltd JSE:FFB
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fortress Real Estate Investments EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was R6,411 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of R6,411 Mil mean?
Fortress Real Estate Investments (JSE:FFB) has a EBIT of R6,411 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fortress Real Estate Investments.
Is Fortress Real Estate Investments' EBIT too high?
Fortress Real Estate Investments' current EBIT is R6,411 Mil. Overall, Fortress Real Estate Investments has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortress Real Estate Investments' EBIT compare to CBRE and BEKE?
Fortress Real Estate Investments' EBIT of R6,411 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Real Estate company?
A good EBIT depends on the Real Estate industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fortress Real Estate Investments. Fortress Real Estate Investments's current EBIT is R6,411 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortress Real Estate Investments stock overvalued right now?
Based on GuruFocus' analysis, Fortress Real Estate Investments (JSE:FFB) is currently considered Modestly Overvalued. The stock's GF Value™ is R21.76, compared to a current price of R25.06 — trading 15.2% above its estimated fair value. The current EBIT is R6,411 Mil. Fortress Real Estate Investments' overall GF Score™ is 80/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Fortress Real Estate Investments (JSE:FFB), the current EBIT is R6,411 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fortress Real Estate Investments (JSE:FFB) Overvalued in 2026?

Based on GuruFocus' analysis, Fortress Real Estate Investments stock appears to be overvalued. The current stock price of R25.06 is trading 15.2% above its estimated GF Value™ of R21.76. GuruFocus considers Fortress Real Estate Investments to be Modestly Overvalued.

Key valuation signals for JSE:FFB:

  • EBIT: R6,411 Mil
  • GF Value™: R21.76 vs. price of R25.06 (15.2% above fair value)
  • GF Score™: 80/100 with 10 warning signs

No single metric tells the full story. See the JSE:FFB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fortress Real Estate Investments Business Description

Address Block C, Cullinan Place, Cullinan Close, Morningside, Johannesburg, GT, ZAF, 2196
Fortress Real Estate Investments Ltd invests in both direct property assets and listed real estate securities including both local and foreign property companies. It owns a portfolio of retail, office, industrial, logistics-CEE, logistics-SA, corporate and other. The company generates maximum revenue from the Logistics-SA segment.
80GF Score

Get the complete analysis for JSE:FFB

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R25.06
Price
R21.76
GF Value