AHB - Arrowhead Properties B Shares

Jul 27, 2021 at 10:53 Twitter · Facebook

AHB share price on Johannesburg Stock Exchange

Arrowhead is a diversified South African Real Estate Investment Trust (“REIT”) focused on creating long-term shareholder value. Arrowhead holds a diverse portfolio of retail, office and industrial (collectively “commercial”) properties valued at R10.5 billion (held directly and through subsidiaries). As at 31 March 2020, Arrowhead held a 59.9% interest (2019: 59.6%) in its subsidiary, Indluplace Properties Ltd. (“Indluplace”), which owns a portfolio of residential properties. The average value per direct property held as at 31 March 2020 was R62.6 million (R57.2 million as at 30 September 2019). In addition, Arrowhead held an interest of 16.4% (2019: 16.4%) in Rebosis Property Fund Ltd. (“Rebosis”) as well as an 8.6% interest (2019: 8.6%) in Dipula Income Fund Ltd. (“Dipula”) at 31 March 2020.

AHB Stock Market Performance

The current share price of Arrowhead Properties B Shares (AHB) is ZAR 3.25. AHB closed its last trading day (Monday, July 26, 2021) at 3.36 ZAR per share on the Johannesburg Stock Exchange (JSE), recording an 8.4% gain over its previous closing price of 3.10 ZAR. Arrowhead Properties B Shares began the year with a share price of 2.32 ZAR and has since gained 44.8% on that price valuation, ranking it 59th on the JSE in terms of year-to-date performance. Investors should, however, take caution of AHB’s recent poor performance, having lost 14% of its value in the past four weeks.

Arrowhead Properties B Shares is the 102nd most traded stock on the Johannesburg Stock Exchange over the past three months (Apr 28 - Jul 26, 2021). AHB has traded a total volume of 47.4 million shares—in 6,049 deals—valued at ZAR 160 million over the period, with an average of 752,617 traded shares per session. A volume high of 6.37 million was achieved on May 7th, and a low of 24,611 on May 27th, for the same period. The table below details the last 10 trading days of activity of Arrowhead Properties B Shares on the Johannesburg Stock Exchange.

Profile of Arrowhead Properties Limited

Arrowhead Properties Limited operates in the Real Estate sector, specifically, the Real Estate Investment Trust industry.

AHB Industrial Market Competitors

Arrowhead Properties Limited, issuers of the AHB and Arrowhead Properties A Shares (+12.83%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Real Estate sector and/or Real Estate Investment Trust industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Stock Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange