BRIEF-Fortress Reit Says Over Past 12 Months, Tenant Turnover Figures In Retail Portfolio Declined By 3,9%

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BRIEF-Fortress Reit Says Over Past 12 Months, Tenant Turnover Figures In Retail Portfolio Declined By 3,9%
Credit: © Reuters.

Dec 2 (Reuters) - Fortress Reit Ltd FFBJ.J :

* JSE: FFB - FFA - TRADING AND PRE-CLOSE OPERATIONAL UPDATE

* FORTRESS REIT LTD - OVER PAST 12 MONTHS, TENANT TURNOVER FIGURES ("TURNOVERS") IN OUR RETAIL PORTFOLIO HAVE DECLINED BY 3,9%

* FORTRESS REIT LTD - TURNOVERS HAVE RECOVERED GRADUALLY SINCE OVER 50% DECLINE EXPERIENCED DURING APRIL 2020 COMPARED TO APRIL 2019

* FORTRESS REIT LTD - TURNOVERS FOR OCTOBER 2020 INCREASED BY 5,1% COMPARED TO OCTOBER 2019

* FORTRESS REIT LTD - OFFICE VACANCY RATE CONTINUED TO INCREASE FROM 23,6% AT 30 JUNE 2020 TO 26,6% CURRENTLY AND THIS TREND IS LIKELY TO CONTINUE

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