RDF - Redefine Properties Limited
Redefine is a leading South African-based Real Estate Investment Trust (REIT), invested in a diverse property asset platform valued at R89.2 billion (FY19: R95.4 billion). Redefineâs portfolio is anchored domestically in directly held retail, office and industrial properties, and is complemented by property investments in Poland, the United Kingdom (UK) and Australia.
Redefineâs purpose is to create and manage spaces in a way that changes lives, which requires more than a business as usual approach, it requires an integrated approach to sustain value creation for all stakeholders.
Redefine is listed on the Johannesburg Stock Exchange (JSE) and has a market capitalisation of R13.2 billion (FY19: R45.5 billion) as at 30 April 2020. By volume, Redefine shares are among the most actively traded on the JSE, making it a highly liquid single-entry point for investors to gain exposure to domestic and multiple international real estate markets.
Redefineâs diversified local property assets were valued at R71.3 billion (FY19: R72.8 billion). The Groupâs international real estate investments, valued at R17.9 billion (FY19: R22.6 billion) represented 20.1% (FY19: 23.7%) of total property assets, providing geographic diversification into the Polish, UK and Australian markets.
Redefine Properties Ltd is a South African real estate investment trust primarily involved in the ownership of office, retail, and industrial properties. The vast majority of Redefine's real estate portfolio is located in South Africa....
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 4.42 |
| Day’s High Price | 4.57 |
| Traded Volume | 10.8M |
| Number of Deals | 947 |
| Gross Turnover | 48.8M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | -0.6682 |
| Price/Earning Ratio | -6.78 |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 5.79B |
| Market Capitalization | 26.2B |
RDF Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +1.12% | -2.58% | +10.2% |
| 6MO | 1YR | YTD |
|---|---|---|
| +7.86% | +107% | +36% |
The current share price of Redefine Properties Limited (RDF) is ZAR 4.53. RDF closed its last trading day (Thursday, October 21, 2021) at 4.53 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.7% gain over its previous closing price of 4.50 ZAR. Redefine Properties began the year with a share price of 3.33 ZAR and has since gained 36% on that price valuation, ranking it 116th on the JSE in terms of year-to-date performance.
Redefine Properties is the seventh most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 23 - Oct 21, 2021). RDF has traded a total volume of 595 million shares—in 51,969 deals—valued at ZAR 2.63 billion over the period, with an average of 9.45 million traded shares per session. A volume high of 26.1 million was achieved on September 17th, and a low of 2.62 million on September 10th, for the same period. The table below details the last 10 trading days of activity of Redefine Properties on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2021-10-21 | 10,759,313 | 4.53 | +0.03 | +0.67% |
| 2021-10-20 | 5,859,560 | 4.50 | ||
| 2021-10-19 | 13,433,241 | 4.50 | +0.03 | +0.67% |
| 2021-10-18 | 7,928,607 | 4.47 | -0.01 | -0.22% |
| 2021-10-15 | 12,852,808 | 4.48 | ||
| 2021-10-14 | 18,199,104 | 4.48 | -0.15 | -3.24% |
| 2021-10-13 | 9,523,973 | 4.63 | -0.05 | -1.07% |
| 2021-10-12 | 18,922,630 | 4.68 | +0.05 | +1.08% |
| 2021-10-11 | 7,570,669 | 4.63 | +0.08 | +1.76% |
| 2021-10-08 | 5,837,543 | 4.55 |
Profile of Redefine Properties Limited
Redefine Properties Limited operates in the Real Estate sector, specifically, the Real Estate Investment Trust industry.
| Factsheet of Redefine Properties Limited | |
|---|---|
| Sector: Real Estate | Industry: Real Estate Investment Trust |
| Address: Rosebank Towers, Office Level 5, 19 Biermann Avenue, Rosebank, Johannesburg 2196, South Africa | |
| Telephone: +27-11-283-0000 | |
| Email: investorenquiries@redefine.co.za | Website: www.redefine.co.za |
RDF Industrial Market Competitors
Redefine Properties Limited, issuers of the RDF 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 |
|---|---|---|---|---|
| DIB | Dipula Income Fund B | 2.07B | 3.91 | +152% |
| TEX | Texton Property Fund Limited | 1.16B | 3.17 | +120% |
| APF | Accelerate Property Fund Limited | 1.29B | 1.29 | +105% |
| VIS | Visual International Holdings | 32.1M | 0.08 | +100% |
| AHB | Arrowhead Properties B Shares | 4.13B | 4.07 | +75.4% |
| VKE | Vukile Property Fund Ltd | 11.5B | 11.99 | +49.9% |
| EMI | Emira Property Fund Ltd | 5.17B | 9.90 | +48.7% |
| AHA | Arrowhead Properties A Shares | 14.2B | 14.00 | +46% |
| SRE | Sirius Real Estate Ltd | 28.8B | 27.05 | +40.2% |
| MSP | MAS Real Estate Inc. | 12.6B | 17.63 | +38.3% |