Fairvest receives ZAR 658.0 million note listing: what it means for Fairvest stock
Published on 10/06/2026 at 08:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Fairvest received a JSE listing for two floating-rate notes totaling ZAR 658.0 million effective October 2, 2026, according to Sharenet on October 1, 2026. The financing move gives Fairvest stock a fresh capital-markets reference while the property group prepares its year-end reporting cycle.
What the note listing means
The FTB01 tranche carries a nominal value of ZAR 437.0 million, while FTB02 totals ZAR 221.0 million. Both instruments are unsecured floating-rate notes, with maturities on October 2, 2029 and October 2, 2031, and both are guaranteed by Fairvest Property Holdings, Arrowgem and Vividend Income Fund, Sharenet reported on October 1, 2026.
The notes broaden Fairvest's funding mix, but their unsecured structure keeps balance-sheet discipline central to the investment case. The first interest payment is scheduled for January 2, 2027, and the stated coupon margins are 1.00 percentage point for FTB01 and 1.10 percentage points for FTB02 above ZARONIA.
Operations show measurable growth
Fairvest's September 24, 2026 trading update described a portfolio of 132 assets valued at ZAR 14.2 billion, with vacancy at 5.10 percent. Retail represented 71.40 percent of revenue, while tenant retention reached 84.30 percent across the portfolio, according to Quartr.
The key comparison is the H1 2026 performance: distributable income rose 28.10 percent year over year and B share distribution increased 12.30 percent year over year. That combination gives the new debt program a stronger operating backdrop, although the reported vacancy rate remains an important measure of execution.
JSE quote and investor reference
Fairvest's FTB line was last at ZAc 693.00 on the JSE on October 5, 2026 at 5:00 p.m. SAST, up 0.43 percent versus the prior close of ZAc 690.00. The quote remains separate from the note financing and from the operational figures reported in South African rand.
Fairvest stock facts
- Company: Fairvest Limited
- Ticker: FTA and FTB
- Primary exchange: JSE
- Primary quote: ZAc 693.00, October 5, 2026, 5:00 p.m. SAST
- Change versus prior close: plus 0.43 percent
- Prior close: ZAc 690.00
- Sector / Industry: Real Estate Investment Trust / Retail and commercial property
- Portfolio: 132 assets valued at ZAR 14.2 billion as of September 24, 2026
