XJSERDF
Market cap1.66bUSD
Dec 20, Last price
450.00ZAR
1D
-0.44%
1Q
-8.35%
Jan 2017
-59.79%
Name
Redefine Properties Ltd
Chart & Performance
Profile
Redefine is a leading South African-based, internally managed Real Estate Investment Trust (REIT), with the primary goal of growing and improving cash flow to deliver quality earnings that will underpin growth in distributions and sustained value creation for all stakeholders. We are listed on the Johannesburg Stock Exchange (JSE). We actively manage a diversified property asset platform with a value of R81.0 billion, comprising local and international property assets. Our shares are among the most actively traded on the JSE, making them a highly liquid, single-entry point for gaining the exposure to quality domestic properties, and a spread of international commercial real estate markets. We differentiate ourselves by placing people at the heart of what we do.
Valuation
Title ZAR in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑08 | 2023‑08 | 2022‑08 | 2021‑08 | 2020‑08 | 2019‑08 | 2018‑08 | 2017‑08 | 2016‑08 | 2015‑08 | |
Income | ||||||||||
Revenues | 10,659,123 7.57% | 9,908,932 20.20% | 8,243,699 15.18% | |||||||
Cost of revenue | 4,723,099 | 4,557,974 | 3,829,760 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 5,936,024 | 5,350,958 | 4,413,939 | |||||||
NOPBT Margin | 55.69% | 54.00% | 53.54% | |||||||
Operating Taxes | 69,078 | 129,707 | 8,015 | |||||||
Tax Rate | 1.16% | 2.42% | 0.18% | |||||||
NOPAT | 5,866,946 | 5,221,251 | 4,405,924 | |||||||
Net income | 3,969,413 174.39% | 1,446,628 -83.35% | 8,690,869 218.19% | |||||||
Dividends | (2,954,184) | (2,673,630) | (4,865,952) | |||||||
Dividend yield | ||||||||||
Proceeds from repurchase of equity | 1,245,780 | |||||||||
BB yield | ||||||||||
Debt | ||||||||||
Debt current | 1,808,727 | 5,765,342 | 4,314,886 | |||||||
Long-term debt | 42,107,198 | 35,527,260 | 33,950,868 | |||||||
Deferred revenue | 229,269 | 230,146 | ||||||||
Other long-term liabilities | 153,711 | 613,632 | 426,080 | |||||||
Net debt | 28,378,694 | 24,506,578 | 24,350,396 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 2,929,419 | 2,586,269 | 2,627,387 | |||||||
CAPEX | (24,523) | (6,106) | (10,278) | |||||||
Cash from investing activities | (2,667,114) | (1,390,424) | 7,370,877 | |||||||
Cash from financing activities | (241,574) | (2,171,399) | (10,588,403) | |||||||
FCF | 5,723,038 | 7,049,203 | 330,724 | |||||||
Balance | ||||||||||
Cash | 830,302 | 980,498 | 1,932,562 | |||||||
Long term investments | 14,706,929 | 15,805,526 | 11,982,796 | |||||||
Excess cash | 15,004,275 | 16,290,577 | 13,503,173 | |||||||
Stockholders' equity | 48,124,472 | 52,882,434 | 49,301,235 | |||||||
Invested Capital | 81,713,629 | 77,609,842 | 74,103,563 | |||||||
ROIC | 7.36% | 6.88% | 6.50% | |||||||
ROCE | 6.01% | 5.58% | 4.94% | |||||||
EV | ||||||||||
Common stock shares outstanding | 6,780,205 | 6,772,093 | 6,159,796 | |||||||
Price | ||||||||||
Market cap | ||||||||||
EV | ||||||||||
EBITDA | 5,962,495 | 5,373,936 | 4,433,926 | |||||||
EV/EBITDA | ||||||||||
Interest | 4,219,253 | 3,154,797 | 2,369,095 | |||||||
Interest/NOPBT | 71.08% | 58.96% | 53.67% |