|Short Name:||REDEFINE||JSE Code:||RDF|
|Sector:||REITs Diversified||Reg No:||1999/018591/06|
|Nature of business:|
Redefine is a leading South African-based Real Estate Investment Trust (REIT), with a diverse, property asset platform valued at R91.3 billion (2017: R84.1 billion). Redefine's portfolio is anchored domestically in directly held retail, office and industrial properties, and is complemented by property investments in Poland, the United Kingdom (UK) and Australia. Redefine's primary goal is to grow and improve cash flows, which will deliver quality earnings, growth in distributions, and sustain long-term growth in total returns for shareholders. Redefine is listed on the Johannesburg Stock Exchange (JSE), has a market capitalisation of R56.2 billion (2017: R61.8 billion) and is ranked in the JSE Top 40 index. By volume, Redefine shares are among the most actively traded on the JSE, making it a highly liquid single entry point for investors to gain exposure to domestic and multiple international real estate markets. At 31 August 2018, Redefine's diversified local property assets were valued at R72.4 billion (2017: R68.1 billion). The Group's international real estate investments, valued at R18.9 billion (2017: R16.0 billion) represented 20.7% (2017: 19.0%) of total property assets, providing geographic diversification into the UK, Polish, Australian and African markets.
Next AGM: 14/02/2020 (Unconfirmed)
|Amounts in ZAR Millions||FEB 2019|
|Turnover ||4 395||8 441|
|Income Attributable To Equity Holders ||2 373||6 575|
|Earnings Per Share (ZARc) per share (cents)||43.91||123.07|
|Headline Earnings Per Share (Cont Ops) (ZARc) per share (cents)||39.90||68.87|
|Distributions Per Share (ZARc) per share (cents)||49.19||97.10|
|Ordinary Unitholders Interest ||56 405||57 677|
| || |
|Total Capital Employed ||92 500||93 663|
| || |
|Investments ||1 284||1 936|
|Other Current Assets ||1 916||1 352|
|Net Current Assets ||(3 494)||(2 180)|
|Net Asset Value Per Share (ZARc) (cents)||1 052.85||1 083.25|
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