Equities

Redefine Properties Ltd

Redefine Properties Ltd

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Real EstateReal Estate Investment Trusts
  • Price (ZAX)407.00
  • Today's Change2.00 / 0.49%
  • Shares traded9.88m
  • 1 Year change+5.44%
  • Beta1.6360
Data delayed at least 15 minutes, as of May 03 2024 16:00 BST.
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About the company

Redefine Properties Limited is a South Africa-based real estate investment trust (REIT). The Company operates through its Local SA portfolio and International portfolio. The Local SA portfolio is divided into property sectors, including office, retail, industrial and specialized. The Company derives rental income from investments in office, retail, industrial and specialized properties, and distributions from listed security investments. The Company focuses on securing fully repairing leases with tenants, which allows it to service them fully. The Company manages a property asset platform, comprising local and international property investments across South Africa and Poland. The Company's portfolio comprises a total of approximately 258 properties. Its properties are located in various locations, including Western Cape, Gauteng, KwaZulu-Natal, Limpopo and Mpumalanga.

  • Revenue in ZAR (TTM)9.91bn
  • Net income in ZAR1.45bn
  • Incorporated1999
  • Employees415.00
  • Location
    Redefine Properties Ltd4th floor155 West Street Sandown SandtonJOHANNESBURG 2196South AfricaZAF
  • Phone+27 112830000
  • Fax+27 112830055
  • Websitehttps://www.redefine.co.za/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
RDF:JNB since
announced
Transaction
value
Mall of the South (Pty) LtdDeal completed05 Jan 202405 Jan 2024Deal completed3.56%--
Data delayed at least 15 minutes, as of May 03 2024 16:00 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Fairvest Ltd1.91bn654.82m6.25bn44.0029.672.9719.703.260.50560.1481.255.050.1323--8.58--4.61--5.62--58.75--34.85----2.950.354-----5.27-----9.974.39
Stor-Age Property REIT Ltd1.16bn536.69m6.27bn--11.750.853111.455.421.121.122.4215.440.097441.778.52--4.547.924.908.7174.0674.6446.6283.110.2465.200.356571.6217.5828.12-28.944.6716.443.84
SA Corporate Real Estate Ltd2.48bn1.21bn6.54bn230.005.340.59255.302.640.48690.48690.9964.390.1324--5.72--6.451.526.851.63----48.7412.310.533418.430.426279.8621.440.541447.567.35-68.32-11.30
Attacq Ltd2.68bn583.39m7.51bn159.0012.400.52920.642.800.81230.81233.7319.030.122321.359.5716,862,800.003.10-2.093.33-2.1860.9263.7025.33-21.281.673.310.2905---3.384.21-55.89-28.088.69-4.76
Castleview Property Fund Ltd2.26bn1.71bn8.37bn--4.861.014.033.711.751.752.308.400.2034--26.37--18.6917.8324.0023.5825.77--91.90156.070.19255.920.49388.212,061.85--10,271.84------
Equites Property Fund Ltd3.40bn-1.32bn9.37bn40.00--0.7173--2.76-1.70-1.704.3416.730.1169--6.52---3.154.39-4.045.1362.6976.56-26.9852.88--0.65380.4306161.3990.3141.14-131.43--113.426.49
Hyprop Investments Limited4.59bn986.83m10.96bn242.0010.920.490113.012.392.642.6412.6658.770.1176--18.6918,946,670.001.81-0.86342.04-0.95656.5458.7415.42-8.65--1.540.3936--41.097.1113.09-9.6729.65--
Resilient Reit Ltd3.58bn3.53bn16.65bn30.004.340.6299--4.6610.5010.5010.6072.390.1037--207.46--9.73--11.11--62.77--93.82------0.3578--------------
Vukile Property Fund Ltd3.81bn2.04bn16.69bn77.007.480.7147.934.382.022.023.7921.160.0972--11.90--5.363.585.804.0565.2964.5755.1138.50--88.630.4471118.705.0912.571.20-4.26-73.63-7.81
Redefine Properties Ltd9.91bn1.45bn28.70bn415.0019.050.529119.512.900.21360.21361.467.690.103358.5710.3523,876,940.001.520.0611.680.065959.6062.1514.740.64790.26861.430.43448,977.5920.203.26-83.42-26.13-14.95-14.72
Growthpoint Properties Limited14.01bn647.00m37.70bn637.0057.930.5346--2.690.18970.18974.1120.560.0834.838.0721,998,430.00-0.09131.77-0.10522.0670.6973.81-1.1021.77--0.99430.4486298.645.304.69-70.32-18.7724.57-9.01
Data as of May 03 2024. Currency figures normalised to Redefine Properties Ltd's reporting currency: South African Rand ZAR

Institutional shareholders

61.86%Per cent of shares held by top holders
HolderShares% Held
Public Investment Corporation (SOC) Ltd.as of 22 Feb 20241.43bn20.21%
Ninety One SA (Pty) Ltd.as of 31 Aug 2023647.30m9.18%
Sesfikile Capital (Pty) Ltd.as of 31 Aug 2023463.40m6.57%
Meago Asset Managers (Pty) Ltd.as of 31 Aug 2023462.74m6.56%
Eskom Pension & Provident Fundas of 31 Aug 2023340.14m4.82%
Old Mutual Investment Group (Pty) Ltd.as of 31 Aug 2023303.74m4.31%
The Vanguard Group, Inc.as of 05 Apr 2024294.63m4.18%
STANLIB Asset Management (Pty) Ltd.as of 31 Mar 2023210.66m2.99%
Mellon Investments Corp.as of 04 Apr 2024110.41m1.57%
Catalyst Fund Managers (Pty) Ltd.as of 31 Mar 2024104.01m1.48%
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Data from 30 Jun 2020 - 30 Apr 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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