Page 110 - Profile's Stock Exchange Handbook - 2026 Issue 1

JSE - EPE Profile’s Stock Exchange Handbook: 2026 - Issue 1
EPE Capital Partners Ltd. Equites Property Fund Ltd.
ISIN: MU0522S00005 SHORT: ETHOSCAP CODE: EPE ISIN: ZAE000188843 SHORT: EQUITES CODE: EQU
REG NO: C138883 C1/GBL FOUNDED: 2016 LISTED: 2016 REG NO: 2013/080877/06 FOUNDED: 2013 LISTED: 2014
NATURE OF BUSINESS: EPE Capital Partners Ltd. (“Ethos Capital” NATURE OF BUSINESS: Equites is listed on the JSE as a REIT and
or “the Company”) is registered and incorporated in Mauritius its main business is rental income generation from investment
as a public company under the Mauritius Companies Act. As in and development of modern logistic facilities. The Company
an investment holding company, it offers shareholders long- is incorporated and domiciled in South Africa with its registered
term capital appreciation by indirectly investing in a diversified address being 14th Floor Portside Tower, 4 Bree Street, Cape Town,
portfolio of unlisted private equity-type investments (“Portfolio South Africa, 8001.
Companies”) through participating in Funds or Co-Investments. SECTOR: RealEstate--RealEstate--REITs--Industrial REITs
These investments were managed by Ethos Private Equity (Pty) Ltd. NUMBER OF EMPLOYEES: 47
(“Ethos”) since July 2016. On 1 April 2023, The Rohatyn Group (“TRG DIRECTORS: Brey M (ind ne), Cross E (ind ne), Gouws A J (ne),
Group”) acquired the business of Ethos. TRG Group is a specialised Hess Robertson C (ind ne), Mkhize N (ind ne), Murray A D (ind ne),
global asset management firm focused on investment solutions in Ntuli K (ind ne), Tonelli F (ne), Campher L (Chair, ind ne),
emerging markets and real assets that is headquartered in New York. Taverna-Turisan A (CEO), Gous R (COO), Razack L (CFO)
Rohatyn Management South Africa (Pty) Ltd. (“TRG SA”) has assumed MAJOR ORDINARY SHAREHOLDERS as at 28 Feb 2025
responsibility as the sole Investment Advisor to Ethos Capital. Government Employees Pension Fund 21.10%
SECTOR: Fins--FinServcs--ClosedEndInvstmnts--ClosedEndInvstmnts Coronation Fund Managers 15.40%
NUMBER OF EMPLOYEES: 0 Old Mutual Group 4.90%
DIRECTORS: Allagapen K (ind ne), Hayward-Butt P (ne), Juwaheer Y POSTAL ADDRESS: PO Box 7391, Roggebaai, 8012
(ind ne), Pfaff M (ind ne), Stillhart Y (Chair, ind ne), Matthews J (CEO), MORE INFO: www.sharedata.co.za/sdo/jse/EQU
van Onselen J (CFO) COMPANY SECRETARY: Thabo Vilakazi
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2025 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
Consolidated Retirement Fund 9.28% SPONSOR: Java Capital (Pty) Ltd.
Government Employees Pension Fund 5.45% AUDITORS: PricewaterhouseCoopers Inc.
POSTAL ADDRESS: 6th Floor, Tower A, 1 Exchange Square, CAPITAL STRUCTURE Authorised Issued
Wall Street, Ebene, Mauritius EQU Ords no par val 2 000 000 000 867 290 341
MORE INFO: www.sharedata.co.za/sdo/jse/EPE
COMPANY SECRETARY: Ocorian (Mauritius) Ltd. DISTRIBUTIONS [ZARc]
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Ords no par val Ldt Pay Amt
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.) Interim No 24 28 Oct 25 3 Nov 25 69.04
AUDITORS: Deloitte & Touche Inc. Final No 23 3 Jun 25 9 Jun 25 67.42
CAPITAL STRUCTURE Authorised Issued LIQUIDITY: Jan26 Avg 6m shares p.w., R87.2m(33.1% p.a.)
EPE A ords no par val - 256 413 954
LIQUIDITY: Jan26 Avg 2m shares p.w., R9.9m(33.7% p.a.)

FINANCIAL STATISTICS
Aug 25 Feb 25 Feb 24 Feb 23 Feb 22
(R million)
FINANCIAL STATISTICS Interim Final(rst) Final Final Final
(R ‘000) Jun 25 Jun 24 Jun 23 Jun 22 Jun 21 NetRent/InvInc 1 319 3 272 2 012 2 909 1 447
Final Final Final Final Final Total Inc 1 500 3 510 1 768 2 673 1 617
Turnover 701 134 - 303 047 70 603 511 568 32 530 Attrib Inc 839 944 1 152 - 639 2 033
Op Inc 689 914 - 317 350 61 212 502 666 24 258 TotCompInc/Loss 1 191 1 196 1 949 318 2 337
NetIntPd(Rcvd) 36 217 68 835 54 510 29 089 14 639 Ord UntHs Int 13 988 13 772 13 383 12 888 14 452
Att Inc 495 770 - 387 742 5 191 470 538 4 640 FixedAss/Prop 20 485 24 478 24 227 23 786 25 534
TotCompInc/Loss 495 770 - 387 742 5 191 470 538 4 640 Tot Curr Ass 3 742 3 540 1 968 1 307 1 777
Inv & Loans 2 371 221 2 309 219 2 688 078 2 650 564 1 827 336 Total Ass 31 448 30 542 30 223 28 545 27 740
Tot Curr Ass 23 389 19 092 20 026 17 311 57 112 Tot Curr Liab 5 490 2 361 3 550 4 431 1 688
Ord SH Int 2 193 608 1 784 377 2 172 119 2 186 928 1 716 390 PER SHARE STATISTICS (cents per share)
LT Liab 82 500 522 465 526 473 460 485 155 967 HEPS-C (ZARc) 53.10 125.20 117.10 156.00 129.10
Tot Curr Liab 118 502 21 469 9 512 20 462 12 091 DPS (ZARc) 69.04 133.92 131.12 169.60 162.99
PER SHARE STATISTICS (cents per share) NAV PS (ZARc) 1 632.00 1 589.00 1 668.00 1 611.00 1 861.00
HEPS-C (ZARc) 197.00 - 153.00 2.00 182.00 2.00 3 Yr Beta 0.51 0.57 0.49 0.43 0.48
NAV PS (ZARc) 857.00 703.00 856.00 849.00 667.00 Price Prd End 1 663 1 390 1 309 1 546 2 105
3 Yr Beta 0.15 - 0.15 - 0.65 0.43 0.50 Price High 1 722 1 533 1 600 2 300 2 392
Price High 700 530 600 620 510 Price Low 1 313 1 140 1 036 1 480 1 791
Price Low 370 353 461 368 325 RATIOS
Price Prd End 665 421 479 575 400 RetOnSH Funds 12.36 8.08 8.99 - 0.64 13.46
RATIOS RetOnTotAss 9.54 11.49 5.85 9.36 5.83
Ret on SH Fnd 22.60 - 21.73 0.24 21.52 0.27 Debt:Equity 0.57 0.68 0.72 0.69 0.51
Oper Pft Mgn 98.40 104.72 86.70 98.26 74.57 OperRetOnInv 12.88 13.37 8.31 12.23 5.67
D:E 0.04 0.29 0.24 0.21 0.09 OpInc:Turnover 78.96 84.64 81.01 90.54 85.75
Current Ratio 0.20 0.89 2.11 0.85 4.72

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