Vukile Property Fund Limited. JSE: VKE

Vukile shares

Background of Vukile

  • The Vukile Property Fund is a property company which became the first Real Estate Investment Trust (REIT) to list on the Johannesburg Stock Exchange (JSE) in 2013. Vukile’s portfolio comprises predominantly direct retail property assets in South Africa, and the company also aims to buy strategic shareholdings in listed REITs. Vukile also has associates in the form of Fairvest Property Holdings, Synergy Income Fund and Atlantic Leaf.
  • Properties are spread across all nine of South Africa’s provinces, and are cumulatively valued at R14.8 billion. 47% of the portfolio is based in Gauteng. Flagship assets include the Boksburg East Rand Mall, Phoenix Plaza in Durban and Gugulethu Square in Cape Town.
  • Vukile shares are currently listed under the Retail REITs sector of the JSE and the Namibian Stock Exchange. The company has enjoyed a strong history of growth, and today the group’s JSE market cap stands at R11 billion.

Vukile Shares Growth Driver

  • Vukile aims to drive growth through direct and indirect ownership of immovable property, with a particular focus on attracting high-quality tenants in areas with heavy footfall. In line with its growth strategy, the company has recently concluded several major transactions with Arrowhead Properties and the Synergy Income Fund. Through a series of inter-related transactions, the asset management function of Synergy will be internalised through the sale of Vukile Asset Management to Synergy, for a purchase price of Vukile shares valued at R155 million. Vukile has acquired the retail assets of Synergy for R2.47 billion, settled through transfer of a portfolio of office and industrial assets. The transaction repositions Vukile as a specialist retail fund.
  • Financial data for the company’s 2016 year was impressive, with net profit growing from R457 million to R526 million, with a strong increase in dividends and headline earnings per share. Performance was boosted by strong capital appreciation in the group’s investments in Fairvest, Atlantic Leaf and Synergy.
  • Upgrades and redevelopments form an important part of Vukile’s strategy, and R654 million was spent on improving the quality and scope of key assets such as the East Rand Mall and Ranburg Square Tower in Gauteng, The Workshop and Phoenix Plaza in Durban and the Barons VW Building, Tijger Park and Dobsonville Shopping Centre in Durban.
  • The group also raised R1.18 billion through the sale of the Sovereign Portfolio, comprising five office properties. This is also in line with Vukile’s aim of deciding to buy predominantly into the retail sector.

Vukile Investor Tip

  • Vukile now has a strong, focused portfolio and a R610 million pipeline of developments. Vukile share price has risen steadily on the JSE stocks chart, and investors have reacted favourably to the major transactions the company has moved to buy into. The group appears to be set for a strong future phase of growth, making Vukile shares a promising buy.

Vukile Major Shareholders

The BRSALO Trust, Opsiweb Investments, Foord Asset Management
  • Sector

    Real Estate

  • Industry

    Real Estate

  • Sub industry

    Real Estate Investment Trust

How to buy Vukile Shares

  • Vukile : How to buy Vukile Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Vukile 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 Vukile and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Vukile shares with utmost confidence:

    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 Vukile.
    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)
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