Fortress Real Estate, a JSE-listed property group, has seen its vacancies fall to their lowest level since listing in 2009. This is a positive sign, but the company is still unable to pay a distribution to shareholders. The reason for this is that both the interim and second-half earnings were below the required levels necessary to allow shareholder payouts. The company said that it is working to improve its financial performance and hopes to be able to pay a distribution to shareholders in the future.
Read the full article at News24.