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,...

TEX3.31 ▾ 0.29 (8.06%)
1 hour ago
Last Trading Results
Opening Price
Day’s Low Price3.31
Day’s High Price3.31
Traded Volume6,700
Number of Deals1
Gross Turnover22,177.00
Growth & Valuation
Earnings Per Share0.7326
Price/Earning Ratio4.91
Dividend Per Share0.37
Dividend Yield10.3%
Shares Outstanding366M
Market Capitalization1.21B
Monetary values are quoted in South African Rand (ZAR) unless otherwise stated

TEX Stock Market Performance

1WK4WK3MO
+3.75%+20%+11.8%
6MO1YRYTD
+51.3%+329%+150%

The current share price of Texton Property Fund Limited (TEX) is ZAR 3.31. TEX closed its last trading day (Monday, September 20, 2021) at 3.60 ZAR per share on the Johannesburg Stock Exchange (JSE). Texton Property Fund began the year with a share price of 1.44 ZAR and has since gained 150% on that price valuation, ranking it 11th on the JSE in terms of year-to-date performance. Shareholders can be optimistic about TEX knowing the stock has accrued 20% over the past four-week period—20th best on JSE.

Texton Property Fund is the 206th most traded stock on the Johannesburg Stock Exchange over the past three months (Jun 24 - Sep 21, 2021). TEX has traded a total volume of 7.06 million shares—in 297 deals—valued at ZAR 23 million over the period, with an average of 112,040 traded shares per session. A volume high of 3.05 million was achieved on September 20th 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%
2021-09-203,051,3793.60
2021-09-1753,5053.60+0.13+3.75%
2021-09-167,0053.47+0.17+5.15%
2021-09-1514,7953.30-0.17-4.90%
2021-09-148,2813.47+0.12+3.58%
2021-09-13108,0633.35+0.35+11.67%
2021-09-1012,6903.00
2021-09-097,0003.00
2021-09-075243.00
2021-09-068,0003.00

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
Email:
admin@texton.co.za
Website:
www.texton.co.za

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.


Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Stock 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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