Page 174 - Profile's Stock Exchange Handbook - 2025 Issue 3

JSE - RED Profile’s Stock Exchange Handbook: 2025 - Issue 3

Redefine Properties Ltd.
ISIN: ZAE000190252
SHORT: REDEFINE
CODE: RDF
REG NO: 1999/018591/06
FOUNDED: 1999
LISTED: 2000
NATURE OF BUSINESS: Redefine Properties Ltd. is a Real Estate
Investment Trust (REIT) with a sectoral and geographically
diversified property asset platform valued at R99.4 billion.
Redefine’s portfolio is predominately anchored in South Africa
through directly held and managed retail, office and industrial
properties, which is complemented by a strong presence in retail
and logistics property assets in Poland.
SECTOR: RealEstate--RealEstate--REITS--Diversified
NUMBER OF EMPLOYEES: 759
DIRECTORS: Boshard C (ind ne), Dambuza A S P (ind ne), Fernandez C
(ind ne), Fifield S (ind ne), Langa-Royds N B (ind ne), Radley D (ind ne),
Sennelo L J (ind ne), Pityana S M (Chair, ind ne), Konig A J (CEO), Kok L C
(COO), Nyawo N G (CFO)
MAJOR ORDINARY SHAREHOLDERS as at 28 Feb 2025
Public Investment Corporation (SOC) Ltd. 19.50%
Ninety One (Cape Town) 8.70%
Meago Asset Managers (Pty) Ltd. 5.20%
POSTAL ADDRESS: PostNet Suite 264, Private Bag X31, Saxonwold, 2132
EMAIL: investorenquiries@redefine.co.za
WEBSITE: www.redefine.co.za
TELEPHONE: 011-283-0000
COMPANY SECRETARY: Anda Matwa
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Java Capital (Pty) Ltd.
AUDITORS: PwC Inc.
CAPITAL STRUCTURE Authorised Issued
RDF Ords no par value 10 000 000 000 7 202 600 656
DISTRIBUTIONS [ZARc]
Ords no par value Ldt Pay Amt Scr/100
Interim No 69 27 May 25 2 Jun 25 20.42 -
Final No 68 26 Nov 24 2 Dec 24 22.25 5.00
LIQUIDITY: Jun25 Avg 74m shares p.w., R333.5m(53.5% p.a.)
REDEFINE 40 Week MA REIV
600
550
500
450
400
350
300
250
200
150
2021 2022 2023 2024 2025
FINANCIAL STATISTICS
Feb 25 Aug 24 Aug 23 Aug 22 Aug 21
(R million)
Interim Final Final Final(rst) Final
NetRent/InvInc 2 901 5 637 5 351 4 414 3 924
Int Recd 429 895 753 579 660
Total Inc 3 335 6 542 6 144 5 044 4 594
Tax 76 69 130 8 849
Attrib Inc 1 495 3 969 1 447 8 691 2 731
TotCompIncLoss 1 435 3 736 6 155 8 912 797
Hline Erngs-CO 1 269 2 233 1 419 5 182 3 905
Ord UntHs Int 53 851 52 962 51 939 48 653 39 218
Minority Int 265 273 944 648 140
TotStockHldInt 54 116 53 235 52 882 49 301 39 358
Investments 31 42 19 70 70
FixedAss/Prop 83 792 83 089 79 454 74 044 58 252
Tot Curr Ass 2 758 2 086 2 434 3 904 2 914
Total Ass 102 361 101 914 99 448 92 406 75 635
Tot Curr Liab 4 584 4 958 9 062 7 687 5 513
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 21.72 58.79 21.42 141.47 50.28
HEPS-C (ZARc) 18.30 33.06 21.01 84.35 71.88
DPS (ZARc) 42.67 42.52 43.80 42.97 60.12
NAV PS (ZARc) 782.00 788.00 766.00 720.00 688.64
3 Yr Beta 0.76 0.64 1.14 2.29 2.25
Price Prd End 440 476 358 380 460
RATIOS
RetOnSH Funds 5.54 7.52 2.76 17.65 6.66
RetOnTotAss 5.98 6.29 6.70 7.65 6.44
Oper Pft Mgn 61.84 61.39 62.00 61.19 64.18
Debt:Equity 0.80 0.82 0.78 0.77 0.83
OperRetOnInv 6.92 6.78 6.73 5.96 6.73
OpInc:Turnover 53.78 52.90 54.00 53.54 54.82
SH Ret On Inv 10.96 5.63 5.84 5.89 8.30
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