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General information

The company is not available at Interactive Brokers

Liberty Two Degrees Limited (JSE:L2D) is an internally managed, precinct focused Real Estate Investment Trust (“REIT”) that co-owns a quality iconic property portfolio of South African assets that are primarily retail focused.

The group is focused on continuously improving the quality of its assets and introducing innovative and unique experiences that attract tenants, shoppers and visitors to its spaces.

Liberty Two Degrees is passionate about operational excellence and staying abreast of property and leisure trends to cater to the ever-changing needs of customers which makes its assets dominant in their precincts.

The group cares about the surrounding communities, society, and minimising its impact on the environment, which it addresses through a number of meaningful and innovative initiatives.

L2D co-owns the following assets:

Johannesburg:
- Sandton City; Eastgate Complex; and Nelson Mandela Square;
- Sandton Sun Hotel, the InterContinental Sandton Towers and the Garden Court Sandton City;
- Standard Bank Centre offices; and
- Melrose Arch precinct;
Cape Town: Liberty Promenade Shopping Centre; Century City Offices;
KwaZulu-Natal: Liberty Centre Head Office and Umhlanga Ridge Office Park; Liberty Midlands Mall; John Ross Eco-Junction Estate; and
Bloemfontein: Botshabelo Mall

To better position L2D for sustainable growth whilst unlocking shareholder value, L2D was reconstituted as Liberty Two Degrees Limited, a Corporate REIT, with effect from 1 November 2018.

Good financial results growth rate 41.8% (average between last period year over year growth for revenue and Net Income), there is acceleration compared to average historical growth rates (0.2%)
Dividend yield for the last twelve months 0.0%
Share price is 57.7% higher than minimum and 1.4% lower than maximum for the last 3 years
The company is overvalued by P/E LTM multiple compared to target level (13.5x vs
)
Fundamental value created in LTM (estimate)

Share price, ZAR: (0.0%)5.63

Share price, USD: 0.3025

Common stocks: 907 637 655

Dividend Yield: 0.0%

Last revenue growth (y/y): -5.6%

Last growth of Net Income (y/y): +89.1%

Historical revenue growth: -3.4%

Historical growth of Net Income: +46.6%

Target P/E (hist percentile):

Fundamental value created in LTM:

P/E mutiple calculation

Market Cap ($m): 275

Net Profit ($m): 20

P/E LTM: 13.5x

Price to Book: 0.78x

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Revenue and Net Income

Semi-Annual values ($m)

Change (y/y)

Share price and dividends (Download history)

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Payment ZAR per share

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Potential dynamics

TechCentral Headlines

REdimension raises R200m in first close of proptech fund

Investment firm REdimension Capital has announced its inaugural fund, which will focus on investing in early-stage start-ups.

2023-08-01 13:50 +02:00
by Staff Reporter

JSE:INP JSE:GRT JSE:INL JSE:IPF JSE:MPT JSE:L2D

Reuters Headlines

S.African mall operator Liberty Two Degrees sees annual profit slump by over 50%

South Africa`s Liberty Two Degrees, which owns malls in prime locations of Johannesburg and Cape Town, said on Monday its full year profit more than halved due to lower rental income and the temporary closure of shops and hotels due to COVID-19.

2021-02-22

JSE:L2D

S.Africa`s Investec Property Fund sees limited impact from Edcon`s bankruptcy protection

South Africa`s Investec Property Fund (IPF) said on Wednesday it expects retailer Edcon`s decision to seek bankruptcy protection to have a limited impact on its business.

2020-05-06

JSE:INP JSE:RDF JSE:INL JSE:AVI JSE:IPF JSE:MPT JSE:L2D JSE:HUG

UPDATE 1-South African retailer TFG will suspend store rental payments due to lockdown

South African clothing and homeware retailer TFG said on Monday it will suspend store rental payments for April due to a country-wide coronavirus 21-day lockdown that has forced all its stores to temporarily close.

2020-03-30

JSE:MRP JSE:AVI JSE:MPT JSE:L2D

UPDATE 1-South African retailer Edcon gets $191 mln recapitalisation

South Africa`s Edcon has secured 2.7 billion rand ($191 million) in new cash and rent deductions as part of a plan to recapitalise the struggling department store chain.

2019-03-01

JSE:RDF JSE:L2D JSE:ISA

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Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.