Page 175 - Profile's Stock Exchange Handbook -2024 Issue 4

Profile’s Stock Exchange Handbook: 2024 – Issue 4 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 Properties Ltd. (Redefine, the group or securitisation and in this capacity allows its shareholders to participate
the company) is a South African Real Estate Investment Trust (REIT). indirectly in the portfolio of assets held by its wholly-owned subsidiary
Redefine’s primary goal is to grow and improve cash flow in order to create Reinet Fund SCA, FIS (‘Reinet Fund’), a specialised investment fund also
sustained value for all stakeholders. incorporated in Luxembourg. The Company’s ordinary shares are listed on
Redefine strategically manage a diversified property asset platform valued the Luxembourg Stock Exchange, Euronext Amsterdam and the
at R99.6 billion, encompassing South African and Polish assets. Johannesburg Stock Exchange; the listing on the Johannesburg Stock
SECTOR: RealEstate—RealEstate—REITS—Diversified Exchange is a secondary listing. The Company’s ordinary shares are
NUMBER OF EMPLOYEES: 483 included in the ‘LuxX’ index of the principal shares traded on the
DIRECTORS: DambuzaASP(ind ne), Fernandez C (ind ne), Luxembourg Stock Exchange. The Company and Reinet Fund together
Fifield S (ind ne), Langa-RoydsNB(ind ne), Radley D (ind ne), with Reinet Fund’s subsidiaries are referred to as ‘Reinet’.
SenneloLJ(ind ne), Pityana S M (Chair, ind ne), Konig A J (CEO), SECTOR: Fins—FinServcs—InvBnkng&BrokerServcs— DiversFinServcs
Kok L C (COO), Nyawo N G (CFO) NUMBER OF EMPLOYEES: 0
MAJOR ORDINARY SHAREHOLDERS as at 31 Aug 2024 DIRECTORS: GrieveJA(ne, UK), Malherbe J (ne), Rupert J P (Chair),
Government Employees Pension Fund 20.75% van Zyl W H (CEO)
Ninety One (Cape Town) 5.06% MAJOR ORDINARY SHAREHOLDERS as at 20 Aug 2024
Eskom Pension and Provident Fund 4.53% Anton Rupert Trust 24.93%
POSTAL ADDRESS:PostNetSuite264, PrivateBagX31,Saxonwold,2132 M&G Plc 4.99%
EMAIL: investorenquiries@redefine.co.za POSTAL ADDRESS: 35, Boulevard Prince Henri, L-1724 Luxembourg,
WEBSITE: www.redefine.co.za Grand Duchy of Luxembourg
TELEPHONE: 011-283-0000 MORE INFO: www.sharedata.co.za/sdo/jse/RNI
COMPANY SECRETARY: Anda Matwa COMPANY SECRETARY: S H Grundmann
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Java Capital (Pty) Ltd. SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.)
AUDITORS: PwC Inc. AUDITORS: PwC Sàrl
CAPITAL STRUCTURE AUTHORISED ISSUED CAPITAL STRUCTURE AUTHORISED ISSUED
RDF Ords no par 10 000 000 000 7 052 419 865 RNI Ords no par value - 195 941 286
DISTRIBUTIONS [ZARc] DISTRIBUTIONS [EURc]
Ords no par Ldt Pay Amt Dep Receipts Ldt Pay Amt
Final No 68 26 Nov 24 02 Dec 24 22.25 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
LIQUIDITY: Nov24 Avg 82m shares p.w., R337.5m(60.1% p.a.) LIQUIDITY: Oct24 Avg 1m shares p.w., R612.5m(35.4% p.a.)
REIV 40 Week MA REDEFINE GENF 40 Week MA REINET
1042 49781
872 42327
702 34873
532 27420
362 19966
192 12512
2019 | 2020 | 2021 | 2022 | 2023 | 2024 2019 | 2020 | 2021 | 2022 | 2023 | 2024
FINANCIAL STATISTICS FINANCIAL STATISTICS
(R million) Aug 24 Aug 23 Aug 22 Aug 21 Aug 20 (EUR million) Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Final Final Final(rst) Final Final(rst) Final Final Final Final Final
NetRent/InvInc 5 637 5 351 4 414 3 924 4 964 Turnover 181 141 337 153 329
Int Recd 895 753 579 660 942 Op Inc 36 86 283 109 279
Total Inc 6 542 6 144 5 044 4 594 5 946 NetIntPd(Rcvd) - 25 - 18 - 8 - 13 - 17
Tax 69 130 8 849 - 13 Att Inc 519 - 120 602 1 016 - 335
Attrib Inc 3 969 1 447 8 691 2 731 - 16 628 Fixed Ass - - - 5 386 4 404
TotCompIncLoss 3 736 6 155 8 912 797 - 14 988 Inv & Loans 6 185 5 721 5 932 - -
Hline Erngs-CO 2 233 1 419 5 182 3 905 - 2 946 Tot Curr Ass - - 7 1 1
Ord UntHs Int 52 962 51 939 48 653 39 218 38 283
Minority Int 273 944 648 140 548 Ord SH Int 6 184 5 720 5 890 5 384 4 403
TotStockHldInt 53 235 52 882 49 301 39 358 38 831 Tot Curr Liab 1 1 49 3 2
Investments 42 19 70 70 70 PER SHARE STATISTICS (cents per share)
FixedAss/Prop 83 089 79 454 74 044 58 252 63 523 HEPS-C (ZARc) 5 790.00 1 168.00 5 641.00 10 494.00 - 2 942.00
Tot Curr Ass 2 086 2 434 3 904 2 914 7 327 DPS (ZARc) 689.57 618.00 476.56 430.40 394.06
Total Ass 101 914 99 448 92 406 75 635 82 170 NAV PS (ZARc) 68 380.20 60 686.34 51 727.83 50 628.00 47 073.00
Tot Curr Liab 4 958 9 062 7 687 5 513 4 307 Price High 50 122 38 589 33 188 33 474 34 800
PER SHARE STATISTICS (cents per share) Price Low 36 400 24 645 25 623 24 721 22 301
EPS (ZARc) 58.79 21.42 141.47 50.28 - 306.11 Price Prd End 45 823 36 506 32 776 29 181 28 455
HEPS-C (ZARc) 33.06 21.01 84.35 71.88 - 54.24 RATIOS
DPS (ZARc) 42.52 43.80 42.97 60.12 - Ret on SH Fnd 8.39 - 2.10 10.22 18.87 - 7.61
NAV PS (ZARc) 788.28 766.00 720.00 688.64 714.85 Oper Pft Mgn 19.89 60.99 83.98 71.24 84.80
3 Yr Beta 0.64 1.14 2.29 2.25 1.88 Current Ratio - - 0.14 0.33 0.50
Price Prd End 476 358 380 460 247 Div Cover 8.40 1.89 11.84 24.38 - 7.47
RATIOS
RetOnSH Funds 7.52 2.76 17.65 6.66 - 42.78
RetOnTotAss 6.29 6.70 7.65 6.44 6.74
Oper Pft Mgn 61.39 62.00 61.19 64.18 70.31
Debt:Equity 0.82 0.78 0.77 0.83 1.04
OperRetOnInv 6.78 6.73 5.96 6.73 7.43
OpInc:Turnover 52.90 54.00 53.54 54.82 58.70
SH Ret On Inv 5.63 5.84 5.89 8.30 -
173