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REDEFINE

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Redefine Properties Limited. JSE: RDF

Redefine Properties shares

Background of Redefine

  • Redefine Properties is a South African Real Estate Investment Trust (REIT) owning a portfolio of managed industrial, office and retail properties spread across South Africa, with other investments in Australia and Europe. The group’s history stems back to the establishment of the Redefine Income Fund in 1999.

  • Redefine aims to buy higher-value, well-located properties attracting blue-chip tenants. Today, the group has over 330 properties valued at more than R65 billion, with an average property value of around R154 million. South Africa accounts for 84.7% of total asset value, with Europe accounting for 7.5% and Australia 7.8%.

  • Redefine Properties shares are listed on the Johannesburg Stock Exchange (JSE) with a market cap of R56 billion. Redefine Properties shares are also listed on the London Stock Exchange under Redefine International PLC, and the Australian Stock Exchange through Cromwell Property Group.

Redefine Shares Growth Driver

  • Redefine had an active year of acquisitions in 2015, acquiring the Fountainhead Property Trust’s portfolio for R14 billion, the Macsteel portfolio for R2.7 billion and the Leaf Capital office portfolio in the Western Cape for R4.1 billion.

  • The group and Redefine Properties share price have felt the effects of the tough economic conditions in South Africa and the property trade, but has managed to maintain respectable performance. Earnings targets for the 2015 financial year were met, with profits coming in at R5.7 billion, compared to R3.8 billion the previous year. Shareholders also received a 7.3% increase in dividends per share.

  • The Fountainhead acquisition was a strategic milestone for the group, adding significant exposure to the retail property sector and playing a large role in a restructure process which began in 2011. The move to buy Leaf Capital’s portfolio also boosts high-quality income streams from large properties in the Western Cape. The group’s industrial property portfolio has largely escaped the effects of the depressed manufacturing sector, with assets positioned away from these impacts and no properties having to be put up for sale.

  • In line with its values of innovation, Redefine has also made a 51% investment in student housing company Respublica, which gives it access to a new asset class and alternative use redevelopment opportunities.

  • The group has also focused on international diversification, making a R704 million investment in Germany and increasing its stake in Cromwell in Australia to 25.6%. In 2016, the group decided to buy into the Polish market with the purchase of a 75% stake in a large commercial platform comprising 18 properties.

Redefine Group Investor Tip

  • The live online stocks chart shows that Redefine Properties share price has been stagnant of late, but the company has carried out a number of acquisitions in recent years which should stand it in good stead for future growth. This large and respected company is a significant player in the JSE property sector, and is mostly considered a good long-term share to buy. The company expects a 7.3% increase in dividends for the next financial year.

Redefine Major Shareholders

Government Employees Pension Fund, Redefine Empowerment Trust, Investec Ltd. and Stanlib.

  • Sector

    Financials

  • Industry

    Real Estate

  • Sub industry

    REIT

How to buy Redefine Group Shares

  • Redefine : How to buy Redefine Group Shares Online

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Frequently Asked Questions

 

 

What is Redefine Properties?

A South African Real Estate Investment Trust (REIT). Their portfolio includes retail properties & managed industrial offices across South Africa. Other investments in Europe & Australia.

 

Can you buy Redefine Properties shares online?

The website of SA Shares makes it easy for you to buy JSE listed shares online.

 

Is Redefine Properties a good share to buy?

Mostly considered a good long-term share to buy.

 

When did Redefine Properties list on the JSE?

28 October 2013

 

When was Redefine Properties founded?

1999

4.2/5 - (24 votes)
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