L2D - Liberty Two Degrees LTD
L2D has a quality, iconic property portfolio of South African assets and was the first listed as a Collective Investment Scheme in Property(CISP) on the JSE in December 2016. With effect from 1 November 2018, L2D was reconstituted as a corporate REIT named as Liberty Two Degrees Ltd. (L2D).This better positions L2D for sustainable growth whilst unlocking shareholder value. The group is engaged in property investments and operates principally in South Africa.
NOTE: Shares of Liberty Two Degrees LTD have been delisted from the Johannesburg Stock Exchange (JSE) since close of trading on Monday, November 13, 2023. Liberty Two Degrees was traded on the JSE under the ticker symbol “L2D”. The International Securities Identification Number (ISIN) of JSE:L2D was ZAE000260576. Liberty Two Degrees LTD was the 131st most valuable stock on the JSE with a market capitalization of ZAR 5.11 billion, which was about 0.03% of the Johannesburg Stock Exchange equity market at the time of delisting.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | |
| Day’s High Price | |
| Traded Volume | 0 |
| Number of Deals | 0 |
| Gross Turnover | 0.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 0.3927 |
| Price/Earning Ratio | 14.34 |
| Dividend Per Share | 0.38 |
| Dividend Yield | 6.75% |
| Shares Outstanding | 908M |
| Market Capitalization | 5.11B |
L2D Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +0.18% | +0.36% |
| 6MO | 1YR | YTD |
|---|---|---|
| +48.2% | +21.1% | +19.8% |
The current share price of Liberty Two Degrees LTD (L2D) is ZAR 5.63. L2D closed its last trading day (Tuesday, November 7, 2023) at 5.63 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.4% gain over its previous closing price of 5.61 ZAR. Liberty Two Degrees began the year with a share price of 4.70 ZAR and has since gained 19.8% on that price valuation.
Liberty Two Degrees has traded a total volume of 160 million shares—in 2,417 deals—valued at ZAR 897 million over the past three months (Aug 11 - Nov 8, 2023), with an average of 2.54 million traded shares per session. A volume high of 36.2 million was achieved on November 7th for the same period. The table below details the last 10 trading days of activity of Liberty Two Degrees on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2023-11-07 | 36,199,339 | 5.63 | +0.02 | +0.36% |
| 2023-11-06 | 12,131,913 | 5.61 | -0.01 | -0.18% |
| 2023-11-03 | 16,042,350 | 5.62 | -0.01 | -0.18% |
| 2023-11-02 | 170,269 | 5.63 | ||
| 2023-11-01 | 3,957,152 | 5.63 | +0.01 | +0.18% |
| 2023-10-31 | 13,918,461 | 5.62 | +0.01 | +0.18% |
| 2023-10-30 | 3,415,383 | 5.61 | ||
| 2023-10-27 | 682,455 | 5.61 | +0.01 | +0.18% |
| 2023-10-26 | 227,808 | 5.60 | ||
| 2023-10-25 | 7,882,644 | 5.60 |
Profile of Liberty Two Degrees
Liberty Two Degrees operates in the Real Estate sector, specifically, the Real Estate Investment Trust industry.
Factsheet of Liberty Two Degrees
- Sector
- Real Estate
- Industry
- Real Estate Investment Trust
- Address
- Liberty Life Centre, 1 Ameshoff Street, Braamfontein, Johannesburg, 2000
- Telephone
- 011 448-5500
L2D Industrial Market Competitors
Liberty Two Degrees, issuers of the L2D stock 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.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| HMN | Hammerson plc | 34B | 68.00 | +900% |
| FFB | Fortress REIT Ltd | 24.3B | 20.20 | +185% |
| GTC | Globe Trade Centre S.A. | 17.2B | 30.00 | +50% |
| HYP | Hyprop Inv Ltd | 17.7B | 46.42 | +49.2% |
| FTB | Fairvest Ltd B Shares | 8.68B | 5.10 | +48.3% |
| ATT | Attacq Limited | 10.1B | 13.49 | +46.3% |
| RES | Resilient REIT Limited | 22.2B | 60.87 | +37.4% |
| CPP | Collins Property Group Ltd | 3.51B | 10.50 | +32.7% |
| EMI | Emira Property Fund Ltd | 5.93B | 11.34 | +32.6% |
| TEX | Texton Property Fund Limited | 1.09B | 3.30 | +32% |