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....
Redefine Properties Limited is listed on the Johannesburg Stock Exchange (JSE). Redefine Properties is traded on the JSE under the ticker symbol “RDF”. The International Securities Identification Number (ISIN) of JSE:RDF is ZAE000190252. Redefine Properties Limited is currently the 79th most valuable stock on the JSE with a market capitalization of ZAR 24.5 billion, which makes about 0.135% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 3.45 |
| Day’s High Price | 3.58 |
| Traded Volume | 11.5M |
| Number of Deals | 808 |
| Gross Turnover | 40.4M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 0.9463 |
| Price/Earning Ratio | 3.67 |
| Dividend Per Share | 0.84 |
| Dividend Yield | 24.2% |
| Shares Outstanding | 7.05B |
| Market Capitalization | 24.5B |
RDF Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -4.41% | -7.47% | -1.42% |
| 6MO | 1YR | YTD |
|---|---|---|
| -24.9% | -24.2% | -21.1% |
The current share price of Redefine Properties Limited (RDF) is ZAR 3.54. RDF closed its last trading day (Thursday, September 29, 2022) at 3.47 ZAR per share on the Johannesburg Stock Exchange (JSE). Redefine Properties began the year with a share price of 4.40 ZAR but has since lost 21.1% off that price valuation, ranking it 302nd on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that RDF has lost 7% of the stock’s value from September 1st to date.
Redefine Properties is the second most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 4 - Sep 29, 2022). RDF has traded a total volume of 816 million shares—in 41,379 deals—valued at ZAR 3.09 billion over the period, with an average of 13 million traded shares per session. A volume high of 35.9 million was achieved on July 7th, and a low of 2.55 million on August 18th, 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% |
|---|---|---|---|---|
| 2022-09-29 | 18,686,238 | 3.47 | ||
| 2022-09-28 | 15,554,864 | 3.47 | -0.03 | -0.86% |
| 2022-09-27 | 9,060,706 | 3.50 | +0.02 | +0.57% |
| 2022-09-26 | 8,469,591 | 3.48 | -0.05 | -1.42% |
| 2022-09-23 | 10,697,571 | 3.53 | -0.10 | -2.75% |
| 2022-09-22 | 13,394,099 | 3.63 | -0.05 | -1.36% |
| 2022-09-21 | 16,318,926 | 3.68 | -0.05 | -1.34% |
| 2022-09-20 | 8,584,774 | 3.73 | -0.03 | -0.80% |
| 2022-09-19 | 5,796,599 | 3.76 | -0.04 | -1.05% |
| 2022-09-16 | 26,781,789 | 3.80 |
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
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 |
|---|---|---|---|---|
| RMH | RMB Holdings Ltd | 2.84B | 2.01 | +34% |
| EXP | Exemplar REITail Ltd | 3.99B | 12.00 | +25% |
| FFB | Fortress REIT Ltd B | 9.23B | 4.04 | +24.3% |
| PPR | Putprop Ltd | 203M | 4.78 | +19.5% |
| DKR | Deutsche Konsum REIT-AG | 854M | 24.28 | +18.4% |
| TDH | Tradehold Ltd | 3.02B | 11.57 | +9.67% |
| OCT | OCTODEC INVEST LTD | 2.36B | 8.86 | +8.05% |
| EMI | Emira Property Fund Ltd | 5.33B | 10.20 | +7.37% |
| APO | aReit Prop Ltd | 630M | 6.30 | +5% |
| SAR | Safari Investments RSA Ltd | 1.71B | 5.50 | +4.76% |