Redefine Properties is a South African Real Estate Investment Trust (REIT) owning a portfolio of managed industrial, office and retail properties spread across South Africa, with other investments in Australia and Europe. The group’s history stems back to the establishment of the Redefine Income Fund in 1999.
Redefine aims to buy higher-value, well-located properties attracting blue-chip tenants. Today, the group has over 330 properties valued at more than R65 billion, with an average property value of around R154 million. South Africa accounts for 84.7% of total asset value, with Europe accounting for 7.5% and Australia 7.8%.
Redefine Properties shares are listed on the Johannesburg Stock Exchange (JSE) with a market cap of R56 billion. Redefine Properties shares are also listed on the London Stock Exchange under Redefine International PLC, and the Australian Stock Exchange through Cromwell Property Group.
Redefine Shares Growth Driver
Redefine had an active year of acquisitions in 2015, acquiring the Fountainhead Property Trust’s portfolio for R14 billion, the Macsteel portfolio for R2.7 billion and the Leaf Capital office portfolio in the Western Cape for R4.1 billion.
The group and Redefine Properties share price have felt the effects of the tough economic conditions in South Africa and the property trade, but has managed to maintain respectable performance. Earnings targets for the 2015 financial year were met, with profits coming in at R5.7 billion, compared to R3.8 billion the previous year. Shareholders also received a 7.3% increase in dividends per share.
The Fountainhead acquisition was a strategic milestone for the group, adding significant exposure to the retail property sector and playing a large role in a restructure process which began in 2011. The move to buy Leaf Capital’s portfolio also boosts high-quality income streams from large properties in the Western Cape. The group’s industrial property portfolio has largely escaped the effects of the depressed manufacturing sector, with assets positioned away from these impacts and no properties having to be put up for sale.
In line with its values of innovation, Redefine has also made a 51% investment in student housing company Respublica, which gives it access to a new asset class and alternative use redevelopment opportunities.
The group has also focused on international diversification, making a R704 million investment in Germany and increasing its stake in Cromwell in Australia to 25.6%. In 2016, the group decided to buy into the Polish market with the purchase of a 75% stake in a large commercial platform comprising 18 properties.
Redefine Group Investor Tip
The live online stocks chart shows that Redefine Properties share price has been stagnant of late, but the company has carried out a number of acquisitions in recent years which should stand it in good stead for future growth. This large and respected company is a significant player in the JSE property sector, and is mostly considered a good long-term share to buy. The company expects a 7.3% increase in dividends for the next financial year.
Redefine Major Shareholders
Government Employees Pension Fund, Redefine Empowerment Trust, Investec Ltd. and Stanlib.
How to buy Redefine Group Shares
Redefine : How to buy Redefine Group Shares Online
We have made it simple to buy JSE listed firm shares online. The easiest way to buy RedefineGroup 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 Redefine Group and assist you with the setup and management of your stock portfolio account.
Here are the steps you must follow to Buy / Purchase Redefine Group shares with utmost confidence:
Start by Filling in the BUY THIS SHARE form.
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Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
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)
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