Ascension Properties Limited. JSE: AIA

Ascension shares

Background of Ascension

[info_list font_size_icon=”24″][info_list_item list_icon=”Defaults-check”]Established in 2006, Ascension Properties Limited is a black-managed and mostly black-owned property loan stock company on the Johannesburg Stock Exchange (JSE). Its main interests lie in a portfolio of long-term property investments in South Africa. The group can be described as a property income fund focused on commercial office buildings and some retail buildings, with a strong leaning towards governmental and empowerment-sensitive tenants. 50% of its buildings are based in Gauteng, with 43% in the Western Cape and 7% in Mpumalanga. The overall value of Ascension’s properties is close to R 4 billion.[/info_list_item][info_list_item list_icon=”Defaults-check”]In 2013, the fund was converted into a Real Estate Investment Trust (REIT), in accordance with new REIT legislation. In August 2015, Ascension Properties became a subsidiary of black-owned REIT Rebosis Property Fund, when Rebosis purchased 59% of the Ascension shares.[/info_list_item][info_list_item list_icon=”Defaults-check”]Capital structure consists of A and B Linked Units. Each unit contains one share and one debenture. A Units enjoy first rights to the fund’s net distributable income. B-Linked Units receive residual net income, with a higher anticipated growth in distributions compared to A Units.[/info_list_item][info_list_item list_icon=”Defaults-check”]Ascension has a high growth strategy of growing quality and sustainability of in come through rental escalations, building re-tenanting and efficient utilization of space. The company also redevelops properties to enhance value and create longer-term income and growth. At any given point in time, property redevelopments are limited to a maximum of 10% of the portfolio.[/info_list_item][/info_list]

Ascension Shares Growth Driver

[info_list icon_color=”#0c0c0c” font_size_icon=”24″][info_list_item list_icon=”Defaults-line-chart”]Ascension has a successful investment history and a strong BEE profile, and takes advantage of its strong governmental and private sector relationships to facilitate further growth.[/info_list_item][info_list_item list_icon=”Defaults-line-chart”]The company constantly looks at renovating and developing certain properties to secure new long-term tenants and improve yields. Management has also identified a variety of potential acquisitions and plans to grow the portfolio by at least R 1 billion per year.[/info_list_item][info_list_item list_icon=”Defaults-line-chart”]Despite difficult times for property stocks, Ascension has been able to consistently deliver on its performance objectives, in terms of income distribution and portfolio growth targets. This has been largely due to a judicious rate hedging strategy, careful cost control and selective purchase of acquisitions.[/info_list_item][info_list_item list_icon=”Defaults-line-chart”]Sustainable environmental practice has been mooted as an important part of the company’s bid to attract more shareholders and tenants. Ascension share prices
have yielded consistent returns of around 10% for A unitholders and 4.5% for B unit holders. [/info_list_item][/info_list]

Ascension Group Investor Tip

[info_list icon_color=”#0c0c0c” font_size_icon=”24″][info_list_item list_icon=”Defaults-graduation-cap mortar-board”]Ascension has a list of high-quality buildings and one of the property market’s best business relationships with government and the black-empowered private sector. A defensive portfolio, along with healthy lease and rental escalation profiles, should enable the group to continue registering favourable financial data and continue its reputation of producing good returns for investors. Ascension share prices have remained stable and are a sound purchase for JSE investors playing in the property market.[/info_list_item][/info_list]

Ascension Major Shareholders

Coronation Asset Management (Pty) Ltd, Sanlam Group, Investment Solutions, Rebosis Property Fund Ltd. and Stanlib.

[info_list font_size_icon=”24″][info_list_item list_title=”Sector” list_icon=”Defaults-map-marker”]Financials[/info_list_item][info_list_item list_title=”Industry” list_icon=”Defaults-map-marker”]

Real Estate

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Real Estate Owners & Developers


How to buy Ascension Group Shares

[info_list icon_color=”#0c0c0c” font_size_icon=”24″][info_list_item list_title=”Ascension : How to buy Ascension Group Shares Online” list_icon=”Defaults-circle”]We have made it simple to buy JSE listed firm shares online. The easiest way to buy Ascension Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Ascension Holdings and assist you with the setup and management of your stock portfolio account.[/info_list_item][info_list_item list_title=”Here are the steps you must follow to Buy / Purchase Ascension Group shares with utmost confidence:” list_icon=”Defaults-circle”]

  1. Start by Filling in the BUY THIS SHARE form.
  2. Insert your name, email, telephone number and monthly remuneration.
  3. Then, Indicate the amount you are looking to invest in Ascension.
  4. Click the “ INVEST NOW” button
  5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
  6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)

[/info_list_item][info_list_item list_title=”Buy Shares with Confidence ” list_icon=”Defaults-circle”]Buying JSE shares has never been this convenient and easy. #myfirstshare

View more JSE shares for sale – here.[/info_list_item][/info_list]

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