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 | Growth & Valuation | ||
|---|---|---|---|
| Opening Price: | -- | Earnings Per Share: | -- |
| Day's Low Price: | 3.20 | Price/Earning Ratio: | -- |
| Day's High Price: | 3.80 | Dividend Per Share: | -- |
| Traded Volume: | 32,500 | Dividend Yield: | -- |
| Number of Deals: | 2 | Shares Outstanding: | 376.07m |
| Value/Turnover: | 105,500.00 | Market Capitalization: | 1.43b |
TEX Stock Market Performance
| 1WK | 4WK | 3MO | 6MO | 1YR | YTD |
|---|---|---|---|---|---|
| +26.67% | +43.94% | +68.89% | +216.67% | +100.00% | +163.89% |
The current share price of Texton Property Fund Limited (TEX) is ZAR 3.80. The TEX stock closed its last trading day (Friday, June 18, 2021) at 3.80 ZAR per share on the Johannesburg Stock Exchange, recording a 18.75% gain over its previous closing price of 3.20 ZAR. TEX began the year with a share price of 1.44 ZAR and has since gained 163.89% on that price valuation, ranking it 5th on the JSE in terms of year-to-date performance. Shareholders will be pleasantly optimistic about TEX knowing that the stock has accrued 43.94% over the past four-week period alone. The table below details the last 10 trading days of activity of Texton Property Fund Limited on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2021-06-18 | 32,500 | 3.80 | +0.60 | 18.75% |
| 2021-06-17 | 34,000 | 3.20 | -- | -- |
| 2021-06-15 | 77,010 | 3.20 | +0.20 | 6.67% |
| 2021-06-14 | 19,170 | 3.00 | -0.20 | 6.25% |
| 2021-06-11 | 1,500 | 3.20 | +0.20 | 6.67% |
| 2021-06-09 | 52,978 | 3.00 | +0.38 | 14.50% |
| 2021-06-08 | 572 | 2.62 | -0.05 | 1.87% |
| 2021-06-07 | 38,435 | 2.67 | +0.01 | 0.38% |
| 2021-06-04 | 18,171 | 2.66 | -- | -- |
| 2021-06-03 | 28,800 | 2.66 | -- | -- |
Profile of Texton Property Fund Limited
Texton Property Fund Limited operates in the Real Estate sector, specifically, the Real Estate Investment Trust industry. Unfortunately, we do not have information on the company's board of directors and/or key executives at this time.
| 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 gives you an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | Mkt. Cap. | L. Price | YearTD |
|---|---|---|---|---|
| VIS | Visual International Holdings | 26.83m | 0.10 | +150.0% |
| DIB | Dipula Income Fund B | 886.63m | 3.35 | +116.1% |
| HMN | Hammerson plc | 31.08b | 7.66 | +47.3% |
| AHB | Arrowhead Properties B Shares | 3.33b | 3.41 | +47.0% |
| ATT | Attacq Limited | 5.49b | 7.30 | +46.9% |
| MSP | MAS Real Estate Inc. | 12.98b | 18.25 | +43.1% |
| EMI | Emira Property Fund Ltd | 4.85b | 9.27 | +39.2% |
| VKE | Vukile Property Fund Ltd | 10.47b | 10.95 | +36.9% |
| TWR | Tower Property Fund Ltd | 1.22b | 3.60 | +34.3% |
| REB | Rebosis Property Fund Ltd | 202.78m | 0.29 | +31.8% |