Fortress Real Estate Investments (JSE:FFB) Operating Margin %: 59.33% (As of Dec. 2025) — Near Median

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 Operating Margin %?

Fortress Real Estate Investments JSE:FFB -0.48% 80 Operating Margin % is 59.33% as of Dec. 2025, which is 6% above its 10-year median of 55.85. 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. Among 1,747 Real Estate companies, Fortress Real Estate Investments ranks better than 87.29% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fortress Real Estate Investments's Operating Income for the six months ended in Dec. 2025 was R1,906 Mil. Fortress Real Estate Investments's Revenue for the six months ended in Dec. 2025 was R3,212 Mil. Therefore, Fortress Real Estate Investments's Operating Margin % for the quarter that ended in Dec. 2025 was 59.33%.

Good Sign:

Fortress Real Estate Investments Ltd operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for Fortress Real Estate Investments's Operating Margin % or its related term are showing as below:

JSE:FFB' s Operating Margin % Range Over the Past 10 Years
Min: 51.74   Med: 55.85   Max: 68.21
Current: 56.13


JSE:FFB's Operating Margin % is ranked better than
87.29% of 1747 companies
in the Real Estate industry
Industry Median: 13.39 vs JSE:FFB: 56.13

Fortress Real Estate Investments's 5-Year Average Operating Margin % Growth Rate was 2.10% per year.

Fortress Real Estate Investments's Operating Income for the six months ended in Dec. 2025 was R1,906 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was R3,533 Mil.


Fortress Real Estate Investments  (JSE:FFB) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Fortress Real Estate Investments Operating Margin % Related Terms


Fortress Real Estate Investments Operating Margin % Historical Data

* Premium members only.

The historical data trend for Fortress Real Estate Investments's Operating Margin % 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 Operating Margin % Chart

Fortress Real Estate Investments Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.74 52.71 51.88 52.16 62.20

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
Operating Margin % 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 49.14 55.05 72.08 52.79 59.33

JSE:FFB vs CBRE, BEKE, JLL: Operating Margin % Comparison

For the Real Estate Services subindustry, Fortress Real Estate Investments's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Fortress Real Estate Investments's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Fortress Real Estate Investments's Operating Margin % falls into.


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

Fortress Real Estate Investments Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Fortress Real Estate Investments's Operating Margin % for the fiscal year that ended in Jun. 2025 is calculated as

Operating Margin %=Operating Income (A: Jun. 2025 ) / Revenue (A: Jun. 2025 )
=3741.891 / 6015.606
=62.20 %

Fortress Real Estate Investments's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=1905.942 / 3212.427
=59.33 %

* 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 Operating Margin % →
What does a Operating Margin % of 59.33% mean?
Fortress Real Estate Investments (JSE:FFB) has a Operating Margin % of 59.33% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Fortress Real Estate Investments and its competitors. This is near median its historical median of 55.85. Over the past decade, Fortress Real Estate Investments' Operating Margin % has ranged from 51.74 to 68.21. According to the industry distribution chart, Fortress Real Estate Investments ranks #222 out of 1747 companies in the Real Estate industry, placing it in the top 12.7%.
Is Fortress Real Estate Investments' Operating Margin % too high?
Fortress Real Estate Investments' current Operating Margin % of 59.33% is near median its 10-year median of 55.85. Over the past 10 years, this metric has ranged from a low of 51.74 to a high of 68.21. The Real Estate industry median Operating Margin % is 13.39. Fortress Real Estate Investments' value of 59.33% is 343.1% above this industry median. Based on the distribution chart, Fortress Real Estate Investments ranks #222 out of 1747 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. 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' Operating Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Fortress Real Estate Investments ranks #222 out of 1747 companies for Operating Margin %. This places Fortress Real Estate Investments in the top 13% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 13.39. Fortress Real Estate Investments' value of 59.33% is 343.1% above this benchmark. Historically, Fortress Real Estate Investments' own Operating Margin % has ranged from 51.74 to 68.21 over the past decade. While the company's 10-year median is 55.85 vs. the industry median of 13.39, Fortress Real Estate Investments has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Real Estate company?
The median Operating Margin % among Real Estate companies is 13.39, based on 1,747 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortress Real Estate Investments's current Operating Margin % of 59.33% is 343.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Fortress Real Estate Investments and its competitors. For the Real Estate industry, the median Operating Margin % is 13.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortress Real Estate Investments's current Operating Margin % is 59.33%, which is near median its own 10-year median of 55.85. 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 Operating Margin % is 59.33%, which is near median its 10-year median of 55.85 and 343.1% above the Real Estate industry median of 13.39. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Fortress Real Estate Investments (JSE:FFB), the current Operating Margin % is 59.33% 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:

  • Operating Margin %: 59.33% (near median its 10-year median of 55.85)
  • GF Value™: R21.76 vs. price of R25.06 (15.2% above fair value)
  • GF Score™: 80/100 with 10 warning signs
  • Industry Position: 343.1% above the Real Estate median (#222 of 1747)

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

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

R25.06
Price
R21.76
GF Value