TEX - Texton Property Fund Limited
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, Textonâs 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.Ã .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 (âREITâ) 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 strategyâs 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,...
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 3.31 |
| Day’s High Price | 3.31 |
| Traded Volume | 6,700 |
| Number of Deals | 1 |
| Gross Turnover | 22,177.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 0.7326 |
| Price/Earning Ratio | 4.91 |
| Dividend Per Share | 0.37 |
| Dividend Yield | 10.3% |
| Shares Outstanding | 366M |
| Market Capitalization | 1.21B |
TEX Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +3.75% | +20% | +11.8% |
| 6MO | 1YR | YTD |
|---|---|---|
| +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.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2021-09-20 | 3,051,379 | 3.60 | ||
| 2021-09-17 | 53,505 | 3.60 | +0.13 | +3.75% |
| 2021-09-16 | 7,005 | 3.47 | +0.17 | +5.15% |
| 2021-09-15 | 14,795 | 3.30 | -0.17 | -4.90% |
| 2021-09-14 | 8,281 | 3.47 | +0.12 | +3.58% |
| 2021-09-13 | 108,063 | 3.35 | +0.35 | +11.67% |
| 2021-09-10 | 12,690 | 3.00 | ||
| 2021-09-09 | 7,000 | 3.00 | ||
| 2021-09-07 | 524 | 3.00 | ||
| 2021-09-06 | 8,000 | 3.00 |
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.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| VIS | Visual International Holdings | 52.2M | 0.15 | +275% |
| DIB | Dipula Income Fund B | 2.12B | 4.01 | +159% |
| AHB | Arrowhead Properties B Shares | 4.03B | 3.95 | +70.3% |
| APF | Accelerate Property Fund Limited | 1B | 1.03 | +63.5% |
| VKE | Vukile Property Fund Ltd | 11.9B | 11.85 | +48.1% |
| ACS | Acsion Limited | 2.33B | 5.90 | +44.3% |
| MSP | MAS Real Estate Inc. | 12.8B | 17.97 | +40.9% |
| SRE | Sirius Real Estate Ltd | 28B | 26.65 | +38.1% |
| RDF | Redefine Properties Limited | 26.8B | 4.59 | +37.8% |
| ATT | Attacq Limited | 5.34B | 6.80 | +36.8% |