XJSESAC
Market cap401mUSD
Dec 20, Last price
292.00ZAR
1D
0.69%
1Q
-2.99%
Jan 2017
-48.04%
IPO
-20.75%
Name
SA Corporate Real Estate Fund Managers (Pty) Ltd
Chart & Performance
Profile
SA Corporate is a JSE-listed Real Estate Investment Trust (REIT) and together with all its subsidiaries (the Group) owns a focused portfolio of quality industrial, retail and residential buildings located primarily in the major metropolitan areas of South Africa with a secondary node in Zambia. As at 30 June 2023, the property portfolio consisted of 151 properties, with 1 301 270m2 of gross lettable area (GLA), valued at R14.9 billion, a 50% joint venture (JV) interest in three Zambian entities with properties valued at R1.6 billion and listed investments valued at R52.8 million.
Valuation
Title ZAR in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 2,536,980 24.21% | 2,042,494 -3.72% | 2,121,452 2.87% | |||||||
Cost of revenue | 1,086,401 | 822,762 | 796,924 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 1,450,579 | 1,219,732 | 1,324,528 | |||||||
NOPBT Margin | 57.18% | 59.72% | 62.43% | |||||||
Operating Taxes | 7,575 | 3,609 | 5,878 | |||||||
Tax Rate | 0.52% | 0.30% | 0.44% | |||||||
NOPAT | 1,443,004 | 1,216,123 | 1,318,650 | |||||||
Net income | 1,208,961 47.56% | 819,314 31.96% | 620,883 -141.57% | |||||||
Dividends | (567,537) | (643,237) | (709,208) | |||||||
Dividend yield | ||||||||||
Proceeds from repurchase of equity | (19,524) | 692,692 | ||||||||
BB yield | ||||||||||
Debt | ||||||||||
Debt current | 665,128 | 46,258 | 45,650 | |||||||
Long-term debt | 7,570,743 | 6,423,509 | 6,186,761 | |||||||
Deferred revenue | 44,984 | 39,146 | ||||||||
Other long-term liabilities | 222 | 220,935 | ||||||||
Net debt | 6,745,896 | 5,168,392 | 4,945,607 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 736,616 | (193,659) | 6,705 | |||||||
CAPEX | (5,481) | (15,634) | (6,143) | |||||||
Cash from investing activities | (364,555) | 152,325 | 607,813 | |||||||
Cash from financing activities | (350,906) | 10,026 | (571,294) | |||||||
FCF | 1,182,784 | 1,155,213 | 1,234,082 | |||||||
Balance | ||||||||||
Cash | 195,027 | 176,070 | 135,753 | |||||||
Long term investments | 1,294,948 | 1,125,305 | 1,151,051 | |||||||
Excess cash | 1,363,126 | 1,199,250 | 1,180,731 | |||||||
Stockholders' equity | 11,034,900 | 10,788,793 | 10,597,751 | |||||||
Invested Capital | 17,860,178 | 15,614,309 | 15,320,624 | |||||||
ROIC | 8.62% | 7.86% | 11.99% | |||||||
ROCE | 7.55% | 7.27% | 8.05% | |||||||
EV | ||||||||||
Common stock shares outstanding | 2,490,547 | 2,492,607 | 2,488,241 | |||||||
Price | ||||||||||
Market cap | ||||||||||
EV | ||||||||||
EBITDA | 1,476,721 | 1,231,736 | 1,336,056 | |||||||
EV/EBITDA | ||||||||||
Interest | 657,247 | 508,724 | 494,108 | |||||||
Interest/NOPBT | 45.31% | 41.71% | 37.30% |