Current Status: Buy

Notes:

• Interim dividend of 23.69 cents a share declared, to be paid 6 June - 16 May 2022

OVERVIEW:

• Exchange: JSE

• Ticker: RDF

• Sector: Real Estate Investment Trust

COMPANY DESCRIPTION:

Redefine Properties Limited (Redefine) is a South African-based Real Estate Investment Trust (REIT) whose primary goal is to grow and improve cash flow to deliver quality earnings, which will underpin growth and sustained value creation for all stakeholders.

FINANCIAL OVERVIEW:

• Market Cap - R26.81 Billion

• P/E Ratio - 8.81

• Dividend Yield - 13.51%

• Return-On-Equity (5 year avg %) - 0.02%

• Interest Coverage - 2.41

• Net Income Growth Rate (5 year avg %) - 148.88%

• Earnings Per Share (5 year avg %) - -144.40%

• Current Ratio - 0.81

• Revenue Growth Rate (5 year avg %) - 1.41%

RECOMMENDATION:

• Buy Range - R3.50 - R4.80

• Profit Target - R7.60

• Stop Loss - R2.60

• Risk:Reward - 1:1.8

CHART: