Page 177 - Profile's Stock Exchange Handbook - 2025 Issue 4

Profile’s Stock Exchange Handbook: 2025 - Issue 4 JSE - RED
REDEFINE.inddts SCA
Redefine Properties Ltd. Reinet I n v estmen
ISIN: ZAE000190252 ISIN: LU0383812293 SHORT: REINET CODE: RNI
SHORT: REDEFINE REG NO: B16576 FOUNDED: 2008 LISTED: 2008
CODE: RDF
REG NO: 1999/018591/06 NATURE OF BUSINESS: Reinet was established on 21 October 2008
FOUNDED: 1999 when the former Richemont SA changed its legal form to that
LISTED: 2000 of a partnership limited by shares and adopted the name Reinet
NATURE OF BUSINESS: Redefine Properties Ltd. is a Real Estate Investments SCA. At the same time as it changed its legal status,
Investment Trust (REIT) with a sectoral and geographically Richemont SA redeemed its ordinary capital, which was held
diversified property asset platform valued at R99.4 billion. exclusively by Compagnie Financière Richemont SA (‘CFR’), by
Redefine’s portfolio is predominately anchored in South Africa way of the distribution to CFR of its entire luxury goods interests.
through directly held and managed retail, office and industrial In consequence, CFR became a specifically focused luxury goods
properties, which is complemented by a strong presence in retail company and Reinet was established as an investment vehicle,
and logistics property assets in Poland. the principal asset of which was the former Richemont’s interest in
SECTOR: RealEstate--RealEstate--REITS--Diversified British American Tobacco.
NUMBER OF EMPLOYEES: 759 SECTOR: Fins--FinServcs--InvBnkng&BrokerServcs-- DiversFinServcs
DIRECTORS: Boshard C (ind ne), Dambuza A S P (ind ne), NUMBER OF EMPLOYEES: 0
Fernandez C (ind ne), Fifield S (ind ne), Langa-Royds N B (ind ne), DIRECTORS: Grieve J A (ne, UK), Grundmann S (ne), Malherbe J (ne),
Radley D (ind ne), Sennelo L J (ind ne), Pityana S M (Chair, ind ne), Rupert J P (Chair), van Zyl W H (CEO), Longden D (CFO, British)
Konig A J (CEO), Kok L C (COO), Nyawo N G (CFO) MAJOR ORDINARY SHAREHOLDERS as at 28 May 2025
MAJOR ORDINARY SHAREHOLDERS as at 28 Feb 2025 Anton Rupert Trust 24.93%
Public Investment Corporation (SOC) Ltd. 19.50% Public Investment Corporation (SOC) Ltd. 14.96%
Ninety One (Cape Town) 8.70% M&G Plc 4.97%
Meago Asset Managers (Pty) Ltd. 5.20% POSTAL ADDRESS: 35, Boulevard Prince Henri, L-1724 Luxembourg,
POSTAL ADDRESS: PostNet Suite 264, Private Bag X31, Saxonwold, 2132 Grand Duchy of Luxembourg
EMAIL: investorenquiries@redefine.co.za MORE INFO: www.sharedata.co.za/sdo/jse/RNI
WEBSITE: www.redefine.co.za COMPANY SECRETARY: S H Grundmann
TELEPHONE: 011-283-0000 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
COMPANY SECRETARY: Anda Matwa SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.)
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. AUDITORS: PwC SÃ rl
SPONSOR: Java Capital (Pty) Ltd. CAPITAL STRUCTURE Authorised Issued
AUDITORS: PwC Inc. RNI Ords no par val - 195 941 286
CAPITAL STRUCTURE Authorised Issued DISTRIBUTIONS [EURc]
RDF Ords no par val 10 000 000 000 7 202 600 656 Dep Receipts Ldt Pay Amt
DISTRIBUTIONS [ZARc] Final No 4 5 Sep 17 15 Sep 17 1.65
Ords no par val Ldt Pay Amt Final No 3 6 Sep 16 16 Sep 16 1.61
Interim No 69 27 May 25 2 Jun 25 20.42 LIQUIDITY: Oct25 Avg 2m shares p.w., R1 105.8m(59.8% p.a.)
Final No 68 26 Nov 24 2 Dec 24 22.25
LIQUIDITY: Sep25 Avg 67m shares p.w., R307.1m(48.1% p.a.) REINET 40 Week MA GENF 60000
REDEFINE 40 Week MA REIV 55000
550
50000
500
45000
450
40000
400
35000
350
30000
300
25000
250
20000
200 2021 2022 2023 2024 2025
150
2021 2022 2023 2024 2025 FINANCIAL STATISTICS
Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
FINANCIAL STATISTICS (EUR million) Final Final Final Final Final
Feb 25 Aug 24 Aug 23 Aug 22 Aug 21
(R million) Interim Final Final Final(rst) Final Turnover 957 181 141 337 153
86
36
NetRent/InvInc 2 901 5 637 5 351 4 414 3 924 Op Inc 883 - 25 - 18 283 109
NetIntPd(Rcvd)
- 41
- 8
- 13
Int Recd 429 895 753 579 660
Total Inc 3 335 6 542 6 144 5 044 4 594 Minority Int 2 - - - -
Tax 76 69 130 8 849 Att Inc 795 519 - 120 602 1 016
Attrib Inc 1 495 3 969 1 447 8 691 2 731 Fixed Ass - - - - 5 386
TotCompIncLoss 1 435 3 736 6 155 8 912 797 Inv & Loans 6 917 6 185 5 721 5 932 -
Hline Erngs-CO 1 269 2 233 1 419 5 182 3 905 Tot Curr Ass - - - 7 1
Ord UntHs Int 53 851 52 962 51 939 48 653 39 218 Ord SH Int 6 915 6 184 5 720 5 890 5 384
Minority Int 265 273 944 648 140
TotStockHldInt 54 116 53 235 52 882 49 301 39 358 Tot Curr Liab 2 1 1 49 3
Investments 31 42 19 70 70 PER SHARE STATISTICS (cents per share)
FixedAss/Prop 83 792 83 089 79 454 74 044 58 252 HEPS-C (ZARc) 8 555.00 5 790.00 1 168.00 5 641.00 10 494.00
Tot Curr Ass 2 758 2 086 2 434 3 904 2 914 DPS (ZARc) 762.76 689.57 618.00 476.56 430.40
Total Ass 102 361 101 914 99 448 92 406 75 635 NAV PS (ZARc) 75 352.00 68 380.20 60 686.34 51 727.83 50 628.00
Tot Curr Liab 4 584 4 958 9 062 7 687 5 513
PER SHARE STATISTICS (cents per share) Price High 51 047 50 122 38 589 33 188 33 474
EPS (ZARc) 21.72 58.79 21.42 141.47 50.28 Price Low 41 701 36 400 24 645 25 623 24 721
HEPS-C (ZARc) 18.30 33.06 21.01 84.35 71.88 Price Prd End 44 521 45 823 36 506 32 776 29 181
DPS (ZARc) 42.67 42.52 43.80 42.97 60.12 RATIOS
NAV PS (ZARc) 782.00 788.00 766.00 720.00 688.64 Ret on SH Fnd 11.53 8.39 - 2.10 10.22 18.87
3 Yr Beta 0.76 0.64 1.14 2.29 2.25 Oper Pft Mgn 92.27 19.89 60.99 83.98 71.24
Price Prd End 440 476 358 380 460 Current Ratio - - - 0.14 0.33
RATIOS Div Cover 11.22 8.40 1.89 11.84 24.38
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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