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MOST VIEWED SHARES - Tue 23 Jan, 13:47 (updated every 10min)
Prices at least 15 minutes delayed. Source: JSE Ltd.
STEINHOFF
R7.68   -6.3%
55.7% of TOP-10 views
DIS-CHEM
R37.16   4.4%
6.6% of TOP-10 views
NASPERSN
R3,735.00   0.1%
5.9% of TOP-10 views
SASOL
R439.87   0.1%
5.6% of TOP-10 views
TOWER PROPERTY FUND LTD- TWR
678 -2 (-0.29%)
Tue 23 Jan, 13:47, Intraday delayed
Prices at least 15 minutes delayed. Source: JSE Ltd.
1D
3M
1Y
3Y
5Y
10Y
JAVA CHART
DELAYED PRICE ( 23/01 13:47)
Sale 678
Buy 677
Sell 678
Move -2
% Move -0.29
Volume 855,222
Deals 117
Today's High 700
Today's Low 675
CLOSING PRICE ( 22/01/2018)
Close 680
High 680
Low 679
Volume 1041655
Move 1 day -1.88%
Move 1 week -2.30%
Move 1 month 0.74%
Move YTD -2.86%
Move 1 year -18.07%
Move 5 year 0.00%
GENERAL SHARE INFORMATION
SHORT NAME TOWER (TWR)
LONG NAME TOWER PROPERTY FUND LTD
JSE SECTOR Real Estate Services (8637)
TOWER Website
TOWER Twitter Page
QUICK FUNDAMENTALS
BusinessTower owns a diversified portfolio of 50 retail, office and industrial properties valued at R5.1 billion (as at 30 June 2016), located in South Africa and in Croatia, representing 69% and 31%, by value, respectively. The South African portfolio is spread across the Western Cape (26% by value), Gauteng (33% by value) and KwaZulu-Natal (10% by value).
ResultsNovember 2017 Interim estimated to be released on Tuesday , 13 February 2018
AGMNext AGM date: Wednesday, 17 October 2018
Market CapR 2,302,146,607
P/E Ratio7.13Dividend YieldSUB REQUIRED
 
LAST 10 TRADES OF THE DAY
DATE PDT PRICE VOLUME
23/01 13:24AT6782,900
23/01 13:04AT67810,000
23/01 13:00AT6787,000
23/01 12:38AT6784,900
23/01 12:38AT6784,900
23/01 12:38AT67810,000
23/01 12:38AT67810,000
23/01 12:38AT67810,000
23/01 12:36AT6784,900
23/01 12:35AT6784,000
SHARE HISTORY
DATE CLOSE HIGH LOW VOLUME
22/01/20186806806791,041,655
19/01/201869369368925,475
18/01/201869070067088,384
17/01/201870070070042,686
16/01/201870070069279,474
15/01/201869669669136,004
12/01/201869169169030,000
11/01/2018687695685127,562
10/01/2018700710698177,879
09/01/201870073569974,646
OVERVIEW - TOWER PROPERTY FUND LTD
Tower Property Fund is an internally managed company which owns a R5.2 billion portfolio of 51 high quality commercial, industrial and retail properties as at 30 June 2016. The properties are located in South Africa as to 69% [Western Cape (27%), Gauteng (32%), Kwa-Zulu-Natal (10%)] and Croatia 31%. Flagship properties in the portfolio include Cape Quarter, the landmark retail and office building in De Waterkant, Cape Town, VMD Kvart Block B, the premium grade office property in Zagreb, Croatia, Link Hills Shopping Centre in Kwazulu-Natal and Upper Grayston Drive Office Park in Sandton. The Group is managed by a highly experienced and respected property team. The Group internalised its asset management function in line with international best practice, in June 2016. Management and shareholders are now fully aligned as there is a perception in the market that external management creates drivers for growth which are not aligned with shareholders' interests.

Tower became South Africa's first new real estate investment trust (REIT) to list when the Group made its debut on the JSE Limited in July 2013.

Tower is committed to a strategy of "greening" to increase the competitiveness and values of buildings in the portfolio. The founders of Tower were the founder members of the Green Building Council of South Africa. The Group is of the firm belief that unless property owners begin to retrofit the properties from a green perspective, those properties will become obsolete over time.

The focus of the greening strategy is on improving energy efficiency which serves to reduce operating costs and lower carbon footprints, making properties more valuable and marketable to prospective tenants.
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