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Profile’s Stock Exchange Handbook: 2024 – Issue 3 JSE – RED
Redefine Properties Ltd. Reinet Investments SCA
RED REI
ISIN: ZAE000190252 ISIN: LU0383812293 SHORT: REINET CODE: RNI
SHORT: REDEFINE REG NO: B16576 FOUNDED: 2008 LISTED: 2008
CODE: RDF NATURE OF BUSINESS: Reinet Investments SCA (the ‘Company’) is a
REG NO: 1999/018591/06 partnership limited by shares incorporated in the Grand Duchy of
FOUNDED: 1999 Luxembourg and having its registered office at 35, boulevard Prince Henri,
LISTED: 2000 L-1724 Luxembourg. It is governed by the Luxembourg law on
NATURE OF BUSINESS: Redefine is a Real Estate Investment Trust securitisation and in this capacity allows its shareholders to participate
(REIT) with a sectoral and geographically diversified property asset indirectly in the portfolio of assets held by its wholly-owned subsidiary
platform valued at R100.4 billion (FY23: R96.4 billion). Redefine’s Reinet Fund SCA, FIS (‘Reinet Fund’), a specialised investment fund also
portfolio is predominately anchored in South Africa through directly held incorporated in Luxembourg. The Company’s ordinary shares are listed on
and managed retail, office and industrial properties, which is the Luxembourg Stock Exchange, Euronext Amsterdam and the
complemented by a strong presence in retail and logistics property assets Johannesburg Stock Exchange; the listing on the Johannesburg Stock
in Poland. Exchange is a secondary listing. The Company’s ordinary shares are
SECTOR: RealEstate—RealEstate—REITS—Diversified included in the ‘LuxX’ index of the principal shares traded on the
NUMBER OF EMPLOYEES: 497 Luxembourg Stock Exchange. The Company and Reinet Fund together
DIRECTORS: DambuzaASP(ind ne), Fernandez C (ind ne), with Reinet Fund’s subsidiaries are referred to as ‘Reinet’.
Fifield S (ind ne), Langa-RoydsNB(ind ne), Radley D (ind ne), SECTOR: Fins—FinServcs—InvBnkng&BrokerServcs— DiversFinServcs
SenneloLJ(ind ne), Pityana S M (Chair, ind ne), Konig A J (CEO), NUMBER OF EMPLOYEES: 0
Kok L C (COO), Nyawo N G (CFO)
MAJOR ORDINARY SHAREHOLDERS as at 22 Feb 2024 DIRECTORS: GrieveJA(ne, UK), Malherbe J (ne), Rupert J P (Chair),
Redefine Properties Ltd. 20.21% van Zyl W H (CEO)
Ninety One (Cape Town) 5.48% MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2023 24.93%
Anton Rupert Trust
Eskom Pension and Provident Fund 4.82%
POSTAL ADDRESS:PostNetSuite264, PrivateBagX31,Saxonwold,2132 POSTAL ADDRESS: 35, Boulevard Prince Henri, L-1724 Luxembourg,
EMAIL: investorenquiries@redefine.co.za Grand Duchy of Luxembourg
WEBSITE: www.redefine.co.za MORE INFO: www.sharedata.co.za/sdo/jse/RNI
TELEPHONE: 011-283-0000 COMPANY SECRETARY: S H Grundmann
COMPANY SECRETARY: Anda Matwa TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.)
SPONSOR: Java Capital (Pty) Ltd. AUDITORS: PwC Sàrl
AUDITORS: PwC Inc. CAPITAL STRUCTURE AUTHORISED ISSUED
CAPITAL STRUCTURE AUTHORISED ISSUED RNI Ords no par value - 195 941 286
RDF Ords no par 10 000 000 000 7 052 419 865
DISTRIBUTIONS [EURc]
DISTRIBUTIONS [ZARc] Dep Receipts Ldt Pay Amt
Ords no par Ldt Pay Amt Final No 4 5 Sep 17 15 Sep 17 1.65
Interim No 67 21 May 24 27 May 24 20.27 Final No 3 6 Sep 16 16 Sep 16 1.61
Final No 66 21 Nov 23 27 Nov 23 23.48 LIQUIDITY: Jul24 Avg 1m shares p.w., R602.3m(36.2% p.a.)
LIQUIDITY: Jul24 Avg 82m shares p.w., R311.2m(60.6% p.a.)
GENF 40 Week MA REINET
REIV 40 Week MA REDEFINE
49781
1042
42327
872
34873
702
27420
532
19966
362
12512
2019 | 2020 | 2021 | 2022 | 2023 | 2024
192
2019 | 2020 | 2021 | 2022 | 2023 |
FINANCIAL STATISTICS
FINANCIAL STATISTICS (EUR million) Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
(R million) Feb 24 Aug 23 Aug 22 Aug 21 Aug 20 Final Final Final Final Final
Interim Final Final(rst) Final Final(rst) Turnover 181 141 337 153 329
NetRent/InvInc 2 800 5 351 4 414 3 924 4 964 Op Inc 36 86 283 109 279
Int Recd 407 753 579 660 942 NetIntPd(Rcvd) - 25 - 18 - 8 - 13 - 17
Total Inc 3 213 6 144 5 044 4 594 5 946 Att Inc 519 - 120 602 1 016 - 335
Tax - 130 8 849 - 13 Fixed Ass - - - 5 386 4 404
Attrib Inc 1 094 1 447 8 691 2 731 - 16 628 Inv & Loans - 5 721 5 932 - -
TotCompIncLoss 2 232 6 155 8 912 797 - 14 988 Tot Curr Ass - - 7 1 1
Hline Erngs-CO 709 1 419 5 182 3 905 - 2 946
Ord UntHs Int 52 526 51 939 48 653 39 218 38 283 Ord SH Int - 5 720 5 890 5 384 4 403
Minority Int 1 007 944 648 140 548 Tot Curr Liab - 1 49 3 2
TotStockHldInt 53 533 52 882 49 301 39 358 38 831 PER SHARE STATISTICS (cents per share)
Investments 23 19 70 70 70 HEPS-C (ZARc) 5 790.00 1 168.00 5 641.00 10 494.00 - 2 942.00
FixedAss/Prop 82 684 79 454 74 044 58 252 63 523 DPS (ZARc) 599.59 618.00 476.56 430.40 394.06
Tot Curr Ass 2 387 2 434 3 904 2 914 7 327 NAV PS (ZARc) 69 347.00 60 687.00 51 722.00 50 628.00 47 073.00
Total Ass 102 864 99 448 92 406 75 635 82 170 Price High 50 122 38 589 33 188 33 474 34 800
Tot Curr Liab 7 863 9 062 7 687 5 513 4 307 Price Low 36 400 24 645 25 623 24 721 22 301
PER SHARE STATISTICS (cents per share) Price Prd End 45 823 36 506 32 776 29 181 28 455
EPS (ZARc) 16.20 21.42 141.47 50.28 - 306.11 RATIOS
HEPS-C (ZARc) 10.50 21.01 84.35 71.88 - 54.24 Ret on SH Fnd - - 2.10 10.22 18.87 - 7.61
DPS (ZARc) 43.75 43.80 42.97 60.12 - Oper Pft Mgn 19.89 60.99 83.98 71.24 84.80
NAV PS (ZARc) 780.00 766.00 720.00 688.64 714.85 Current Ratio - - 0.14 0.33 0.50
3 Yr Beta 0.63 1.14 2.29 2.25 1.88 Div Cover 9.66 1.89 11.84 24.38 - 7.47
Price Prd End 400 358 380 460 247
RATIOS
RetOnSH Funds 4.00 2.76 17.65 6.66 - 42.78
RetOnTotAss 6.11 6.70 7.65 6.44 6.74
Oper Pft Mgn 61.62 62.00 61.19 64.18 70.31
Debt:Equity 0.82 0.78 0.77 0.83 1.04
OperRetOnInv 6.77 6.73 5.96 6.73 7.43
OpInc:Turnover 53.70 54.00 53.54 54.82 58.70
SH Ret On Inv 11.04 5.84 5.89 8.30 -
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