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.
Liberty Two Degrees LTD is listed on the Johannesburg Stock Exchange (JSE). Liberty Two Degrees is traded on the JSE under the ticker symbol “L2D”. The International Securities Identification Number (ISIN) of JSE:L2D is ZAE000260576. Liberty Two Degrees LTD is currently the 132nd most valuable stock on the JSE with a market capitalization of ZAR 5.08 billion, which is about 0.028% of the Johannesburg Stock Exchange equity market.
| 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 | 14.23 |
| Dividend Per Share | 0.38 |
| Dividend Yield | 6.8% |
| Shares Outstanding | 908M |
| Market Capitalization | 5.08B |
L2D Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -0.71% | +1.64% | +49.1% |
| 6MO | 1YR | YTD |
|---|---|---|
| +43.3% | +22.9% | +18.9% |
The current share price of Liberty Two Degrees LTD (L2D) is ZAR 5.59. L2D closed its last trading day (Thursday, September 28, 2023) at 5.59 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.2% drop from its previous closing price of 5.60 ZAR. Liberty Two Degrees began the year with a share price of 4.70 ZAR and has since gained 18.9% on that price valuation, ranking it 55th on the JSE in terms of year-to-date performance.
Liberty Two Degrees is the 47th most traded stock on the Johannesburg Stock Exchange over the past three months (Jun 30 - Sep 28, 2023). L2D has traded a total volume of 100 million shares—in 2,945 deals—valued at ZAR 534 million over the period, with an average of 1.59 million traded shares per session. A volume high of 19.6 million was achieved on August 10th, and a low of 398 on August 17th, 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% |
|---|---|---|---|---|
| 2023-09-28 | 1,655,706 | 5.59 | -0.01 | -0.18% |
| 2023-09-27 | 144,046 | 5.60 | ||
| 2023-09-26 | 1,851,342 | 5.60 | ||
| 2023-09-22 | 382,181 | 5.60 | +0.01 | +0.18% |
| 2023-09-21 | 67,611 | 5.59 | -0.04 | -0.71% |
| 2023-09-20 | 411,451 | 5.63 | +0.08 | +1.44% |
| 2023-09-19 | 261,254 | 5.55 | -0.07 | -1.25% |
| 2023-09-18 | 64,514 | 5.62 | -0.03 | -0.53% |
| 2023-09-15 | 1,211,146 | 5.65 | +0.09 | +1.62% |
| 2023-09-14 | 234,490 | 5.56 |
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 |
|---|---|---|---|---|
| CVW | Castleview Property Fund Limited | 8.32B | 8.50 | +39.3% |
| FFB | Fortress REIT Ltd B | 6.71B | 6.14 | +28.2% |
| SRE | Sirius Real Estate Ltd | 23.3B | 19.77 | +26.7% |
| FFA | Fortress REIT Ltd A | 15.2B | 12.76 | +21.4% |
| NRL | Newpark REIT Ltd | 450M | 4.50 | +18.7% |
| SHC | Shaftesbury Capital | 50.8B | 26.00 | +18.2% |
| HET | Heriot REIT Limited | 3.46B | 13.50 | +17.4% |
| ATT | Attacq Limited | 6.37B | 8.47 | +12.9% |
| HMN | Hammerson plc | 27.7B | 5.54 | +11.9% |
| OAS | Oasis Crescent Prop Fund | 1.3B | 19.50 | +5.41% |