|Short Name:||REDEFINE||JSE Code:||RDF|
|Sector:||Real Estate Investment Trusts||Reg No:||1999/018591/06|
|Nature of business:|
Redefine is an internally managed Real Estate Investment Trust (REIT) with a primary goal of growing and improving cash flow to deliver quality earnings, which will underpin sustained growth in distributions, and support growth in total return per share. Redefine is listed on the Johannesburg Stock Exchange (JSE) with a market capitalisation of R60.5 billion and is included in the JSE Top 40 index. Redefine manages a diversified property asset platform with a value of R84.1 billion (2016: R72.7 billion), comprising local and international property investments. Redefine's shares are among the most actively traded on the JSE, making it a highly liquid single entry point for gaining exposure to quality domestic properties and a spread of multiple international commercial real estate markets. At 28 February 2017, Redefine's diversified, local property portfolio was valued at R67.7 billion (2016: R54.7billion). The group's international real estate investments, valued at R16.4 billion (2016: R18.0 billion) represent 19.5% (2016: 24.8%) of total property assets and provide geographic diversification into the UK, Polish and Australian property markets.
Next AGM: 15/02/2019 (Unconfirmed)
|Amounts in ZAR Millions||FEB 2018|
|Turnover ||3 933||7 794|
|Income Attributable To Equity Holders ||4 691||3 329|
|Earnings Per Share (ZARc) per share (cents)||88.43||65.88|
|Headline Earnings Per Share (Cont Ops) (ZARc) per share (cents)||52.65||83.60|
|Distributions Per Share (ZARc) per share (cents)||47.30||92.00|
|Ordinary Unitholders Interest ||55 266||53 436|
| || |
|Total Capital Employed ||83 352||82 839|
| || |
|Investments ||1 196||1 454|
|Other Current Assets ||4 848||2 788|
|Net Current Assets ||(3 937)||(4 772)|
|Net Asset Value Per Share (ZARc) (cents)||1 053.56||1 022.53|
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