African Stock Exchanges

TEX - Texton Property Fund Limited

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TEX share price on Johannesburg Stock ExchangeTEX share price on Johannesburg Stock Exchange

Texton is a JSE-approved Real Estate Investment Trust. The primary business of Texton is long-term investment in quality, rental-generating properties, which are maintained and upgraded or refurbished as necessary so as to increase the long-term value of the property assets.

As at 30 June 2017, Texton’s property portfolio comprised 43 owned and managed properties in the South African industrial, offi ce and retail sectors valued at R3.4 billion (2016: R3.5 billion) and eleven owned and managed properties in the United Kingdom industrial, office and retail sectors valued at R2.1 billion (2016: R1.6 billion) which includes a 50% shareholding in Inception (Reading) S.à.r.l which owns the Broad Street Mall in Reading, a secondary node in the United Kingdom.

Texton is an internally asset managed Real Estate

Investment Trust (“REIT”) listed on the JSE Ltd.

It has a portfolio of R5.4 billion of assets with retail,

office and industrial exposure located in South Africa

and the United Kingdom.

The Board has approved and adopted a revised

investment strategy. The strategy’s main objectives

are to rebalance the Fund to achieve consistent

property income streams, strong tenant covenants

and portfolio optimisation.

Texton's intention is to pursue industrial opportunities with

sound fundamentals, particularly warehousing and

logistics properties in main metropolitan nodes.

Texton is committed to achieving the highest possible

returns for its shareholders by executing its mandate

of achieving growth through diversification.

Texton Property Fund Ltd is a property investment fund. It invests directly in income-producing office properties that offer attractive income and capital appreciation. The overall objective of the Fund is to grow its asset base,...

Texton Property Fund Limited is listed on the Johannesburg Stock Exchange (JSE). Texton Property Fund is traded on the JSE under the ticker symbol “TEX”. The International Securities Identification Number (ISIN) of JSE:TEX is ZAE000190542. Texton Property Fund Limited is currently the 242nd most valuable stock on the JSE with a market capitalization of ZAR 1.28 billion, which is about 0.0067% of the Johannesburg Stock Exchange equity market.

TEX3.50 ▪ 0.00
3 days ago
Last Trading Results
Opening Price
Day’s Low Price3.50
Day’s High Price3.50
Traded Volume80,294
Number of Deals4
Gross Turnover281,029.00
Growth & Valuation
Earnings Per Share0.7766
Price/Earning Ratio4.51
Dividend Per Share0.47
Dividend Yield13.4%
Shares Outstanding366M
Market Capitalization1.28B
Monetary values are quoted in South African Rand (ZAR) unless otherwise stated

TEX Stock Market Performance

1WK4WK3MO
+2.94%-2.78%
6MO1YRYTD
-7.89%+0.57%-2.78%

The current share price of Texton Property Fund Limited (TEX) is ZAR 3.50. TEX closed its last trading day (Friday, June 24, 2022) at 3.50 ZAR per share on the Johannesburg Stock Exchange (JSE). Texton Property Fund began the year with a share price of 3.60 ZAR but has since lost 2.78% off that price valuation, ranking it 174th on the JSE in terms of year-to-date performance.

Texton Property Fund is the 180th most traded stock on the Johannesburg Stock Exchange over the past three months (Mar 23 - Jun 24, 2022). TEX has traded a total volume of 8.53 million shares—in 180 deals—valued at ZAR 30.4 million over the period, with an average of 135,385 traded shares per session. A volume high of 4.9 million was achieved on April 13th for the same period. The table below details the last 10 trading days of activity of Texton Property Fund on the Johannesburg Stock Exchange.

DateVolumeCloseChangeChange%
2022-06-2480,2943.50
2022-06-2330,0003.50+0.10+2.94%
2022-06-228,0513.40-0.09-2.58%
2022-06-214,8303.49+0.09+2.65%
2022-06-2010,0683.40
2022-06-174,0003.40
2022-06-155,0003.40
2022-06-136,5183.40
2022-06-0965,5003.40
2022-06-0812,5003.40

Profile of Texton Property Fund Limited

Texton Property Fund Limited operates in the Real Estate sector, specifically, the Real Estate Investment Trust industry.

Factsheet of Texton Property Fund Limited

Sector
Real Estate
Industry
Real Estate Investment Trust
Address
Block C, Investment Place, 10th Road, Hyde Park, Johannesburg 2196, South Africa
Telephone
+27-11-731-1980

TEX Industrial Market Competitors

Texton Property Fund Limited, issuers of the TEX 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.

CodeNameM. Cap.CloseYTD
APOaReit Prop Ltd730M7.30+21.7%
DKRDeutsche Konsum REIT-AG854M24.28+18.4%
FFBFortress REIT Ltd B8.68B3.80+16.9%
RMHRMB Holdings Ltd2.43B1.72+14.7%
TDHTradehold Ltd3.14B12.00+13.7%
VKEVukile Property Fund Ltd13.7B13.94+12.7%
IAPInvestec Australia Property Fund14B20.70+7.7%
SARSafari Investments RSA Ltd1.74B5.60+6.67%
GTCGlobe Trade Centre S.A.11.5B20.00
EXPExemplar REITail Ltd3.19B9.60

Index of African Stock Exchanges:

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

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