REIZ - Real Estate Investments Zambia Plc

Sep 29, 2023 at 14:10 Twitter · Facebook

REIZ share price on Lusaka Securities Exchange

Real Estate Investments Zambia Plc, formerly called Farmers House Plc, is a leading real estate company in Zambia involved in investment, development and restructuring of commercial and non-commercial property for letting. The company, which began as a farmers’ co-operative in the 1920s, was incorporated in 1981 to hold all the real estate assets of the union. Since then, the company has become solely a real estate investment vehicle, eventually getting listed as only the second company on the Lusaka Stock Exchange in 1996. Real Estate Investments Zambia owns over 50,000m² of prime property in Lusaka including the Central Park, Arcades Entertainment and Retail Centre, Dedan Kimathi Road Office, Eureka Park, Abacus Square, and Counting House Square. REIZ, as part of its core mission, seeks to provide a reputable and informed entry point for investors into the premium but diversified Zambian real estate sector.

Real Estate Investments Zambia Plc is listed on the Lusaka Securities Exchange (LuSE). Real Estate is traded on the LuSE under the ticker symbol “REIZ”. The International Securities Identification Number (ISIN) of LuSE:REIZ is ZM0000000318. Real Estate Investments Zambia Plc is currently the 24th most valuable stock on the LuSE with a market capitalization of ZMW 63.2 million, which is about 0.076% of the Lusaka Securities Exchange equity market.

REIZ Stock Market Performance

The current share price of Real Estate Investments Zambia Plc (REIZ) is ZMW 1.12. REIZ closed its last trading day (Tuesday, August 15, 2023) at 1.12 ZMW per share on the Lusaka Securities Exchange (LuSE). Real Estate began the year with a share price of 1.63 ZMW but has since lost 31.3% off that price valuation, ranking it 27th on the LuSE in terms of year-to-date performance.

Real Estate Investments Zambia is the 11th most traded stock on the Lusaka Securities Exchange over the past three months (Jun 30 - Sep 29, 2023). REIZ has traded a total volume of 48,430 shares—in 34 deals—valued at ZMW 53,593 over the period, with an average of 769 traded shares per session. A volume high of 26,446 was achieved on July 25th for the same period. The table below details the last 10 trading days of activity of Real Estate Investments Zambia on the Lusaka Securities Exchange.

Profile of Real Estate Investments Zambia Plc

Real Estate Investments Zambia Plc was founded on January 1, 1981 and operates in the Financials sector, specifically, the Real Estate Investment industry. The company's board of directors, chaired by Kenny H. Makala, is composed of eight members whose names are listed below.

1. Makala, Kenny H.
   Non-Executive Chairman
2. Hantuba, Munakupya
   Non-Executive Director
3. O'Donnell, Mark
   Non-Executive Director
4. O'Donnell, Efterpi
   Non-Executive Director
5. Kayumba, Banja M.
   Non-Executive Director
6. Nkumbula, Elizabeth Lungu
   Non-Executive Director
7. Namanje, Review
   Non-Executive Director
8. Njovu, Jacob M.
   Non-Executive Director

REIZ Industrial Market Competitors

Real Estate Investments Zambia Plc, issuers of the REIZ stock on the Lusaka Securities Exchange, have five market competitors who are also engaged in the Financials sector and/or Real Estate Investment industry. The table below presents an overview of their market standing.

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