Page 177 - Profile's Stock Exchange Handbook - 2025 Issue 2

Profile’s Stock Exchange Handbook: 2025 – Issue 2 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 is listed on the JSE. the Luxembourg Stock Exchange, Euronext Amsterdam and the
Redefine strategically manage a diversified property asset platform valued Johannesburg Stock Exchange; the listing on the Johannesburg Stock
at R99.6 billion, encompassing South African and Polish assets. 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: 759 Luxembourg Stock Exchange. The Company and Reinet Fund together
DIRECTORS: Boshard C (ind ne), DambuzaASP(ind ne), with Reinet Fund’s subsidiaries are referred to as ‘Reinet’.
Fernandez C (ind ne), Fifield S (ind ne), Langa-RoydsNB(ind ne), SECTOR: Fins—FinServcs—InvBnkng&BrokerServcs— DiversFinServcs
Radley D (ind ne), SenneloLJ(ind ne), Pityana S M (Chair, ind ne), NUMBER OF EMPLOYEES: 0
Konig A J (CEO), Kok L C (COO), Nyawo N G (CFO)
MAJOR ORDINARY SHAREHOLDERS as at 28 Feb 2025 DIRECTORS: GrieveJA(ne, UK), Malherbe J (ne), Rupert J P (Chair),
van Zyl W H (CEO), Longden D (CFO, UK)
Public Investments Corporation (SOC) Ltd. 19.50%
Ninety One (Cape Town) 8.70% MAJOR ORDINARY SHAREHOLDERS as at 05 Feb 2025
Meago Asset Managers (Pty) Ltd. 5.20% Anton Rupert Trust 24.93%
POSTAL ADDRESS:PostNetSuite264, PrivateBagX31,Saxonwold,2132 Public Investment Corporation (SOC) Ltd. 14.96%
M&G Plc
5.06%
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 7 202 600 656
RNI Ords no par value - 195 941 286
DISTRIBUTIONS [ZARc] DISTRIBUTIONS [EURc]
Ords no par Ldt Pay Amt Scr/100 Dep Receipts Ldt Pay Amt
Final No 68 26 Nov 24 2 Dec 24 22.25 5.00 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: Mar25 Avg 72m shares p.w., R314.7m(51.9% p.a.)
LIQUIDITY: Apr25 Avg 2m shares p.w., R800.8m(46.0% p.a.)
REIV 40 Week MA REDEFINE
GENF 40 Week MA REINET
853
49781
721
43501
589
37222
457
30942
324
24663
192
2020 | 2021 | 2022 | 2023 | 2024 | 18383
2020 | 2021 | 2022 | 2023 | 2024 |
FINANCIAL STATISTICS FINANCIAL STATISTICS
(R million) Aug 24 Aug 23 Aug 22 Aug 21 Aug 20
Final Final Final(rst) Final Final(rst) (EUR million) Sep 24 Mar 24 Mar 23 Mar 22 Mar 21
NetRent/InvInc 5 637 5 351 4 414 3 924 4 964 Interim Final Final Final Final
Int Recd 895 753 579 660 942 Turnover 303 181 141 337 153
Total Inc 6 542 6 144 5 044 4 594 5 946 Op Inc 246 36 86 283 109
Tax 69 130 8 849 - 13 NetIntPd(Rcvd) - 11 -25 - 18 -8 -13
Attrib Inc 3 969 1 447 8 691 2 731 - 16 628 Minority Int 1 - - - -
TotCompIncLoss 3 736 6 155 8 912 797 - 14 988 Att Inc 470 519 - 120 602 1 016
Hline Erngs-CO 2 233 1 419 5 182 3 905 - 2 946 Fixed Ass - - - - 5 386
Ord UntHs Int 52 962 51 939 48 653 39 218 38 283 Inv & Loans - 6 185 5 721 5 932 -
Minority Int 273 944 648 140 548 Tot Curr Ass - - - 7 1
TotStockHldInt 53 235 52 882 49 301 39 358 38 831 Ord SH Int - 6 184 5 720 5 890 5 384
Investments 42 19 70 70 70 Tot Curr Liab - 1 1 49 3
FixedAss/Prop 83 089 79 454 74 044 58 252 63 523 PER SHARE STATISTICS (cents per share)
Tot Curr Ass 2 086 2 434 3 904 2 914 7 327 HEPS-C (ZARc) 5 146.00 5 790.00 1 168.00 5 641.00 10 494.00
Total Ass 101 914 99 448 92 406 75 635 82 170
Tot Curr Liab 4 958 9 062 7 687 5 513 4 307 DPS (ZARc) - 689.57 618.00 476.56 430.40
NAV PS (ZARc) 69 748.00 68 380.20 60 686.34 51 727.83 50 628.00
PER SHARE STATISTICS (cents per share) Price High 49 855 50 122 38 589 33 188 33 474
EPS (ZARc) 58.79 21.42 141.47 50.28 - 306.11 Price Low 41 701 36 400 24 645 25 623 24 721
HEPS-C (ZARc) 33.06 21.01 84.35 71.88 - 54.24 Price Prd End 47 884 45 823 36 506 32 776 29 181
DPS (ZARc) 42.52 43.80 42.97 60.12 -
NAV PS (ZARc) 788.00 766.00 720.00 688.64 714.85 RATIOS
3 Yr Beta 0.64 1.14 2.29 2.25 1.88 Ret on SH Fnd - 8.39 - 2.10 10.22 18.87
Price Prd End 476 358 380 460 247 Oper Pft Mgn 81.19 19.89 60.99 83.98 71.24
RATIOS Current Ratio - - - 0.14 0.33
RetOnSH Funds 7.52 2.76 17.65 6.66 - 42.78 Div Cover - 8.40 1.89 11.84 24.38
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 -
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