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General information

Sector: Financials

The company is not available at Interactive Brokers

Rebosis Property Fund - A Shares (JSE:REA) were listed on the JSE in April 2017.

Rebosis Property Fund (JSE:REB) is a real estate investment trust (REIT) with a high quality diversified portfolio across commercial and retail assets. The majority of the commercial income enjoys a sovereign underpin from leases to national government departments accross 36 buildings. The retail portfolio has dominant shopping centres in Port Elizabeth (Baywest Mall) and East London (Hemingways Mall) and three regional malls located in Pretoria.

Rebosis was established by the Billion Group in 2010 and on 17 May 2011 became the first black-managed and substantially black-held property fund to be listed on the JSE. On 24 July 2013 the Fund was approved as a Real Estate Investment Trust (REIT).


  • Pretty weak financial results growth rate 2.5% (average between last period year over year growth for revenue and Net Income), there is acceleration compared to average historical growth rates (0.1%)
  • Dividend yield for the last twelve months 0.0%
  • Share price is 134.1% higher than minimum and 72.5% lower than maximum for the last 3 years
  • The company is undervalued by P/E LTM multiple compared to target level (-0.2x vs
    )

Key Financials

Share price, ZAR:  (0.0%)0.9600
Share price, USD: 0.051579
Common stocks: 63 270 833
Dividend Yield:  0.0%
P/E LTM: -0.2x
Last revenue growth (y/y):  +5.1%
Last growth of Net Income (y/y):  0.0%
Historical revenue growth:  -4.2%
Historical growth of Net Income:  +25.0%
Target P/E (hist percentile):
P/E mutiple calculation
Market Cap ($m): 3
Net Profit ($m): -20
P/E LTM: -0.2x
Price to Book: 0.02x

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Revenue and Net Income

Semi-Annual values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

P / E

Potential dynamics

More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-08-01
Voluntary update
2022-07-14
B-BBEE annual compliance certificate
2022-06-29
Termination of disposal of property portfolio
2022-06-03
Changes to composition of board committees
2022-06-02
Results of Annual General Meeting
2022-05-31
Change to the board
2022-05-27
Changes to board of directors
2022-05-27
Unaudited results For the 6 months ended 28 February 2022
2022-05-25
Further announcement regarding annual general meeting
2022-05-23
Interim results release date and webcast presentation
2022-05-11
Further extension to posting of circular
2022-03-30
Further extension to posting of circular
2022-03-25
Update on the Disposal of a Portfolio of Property Assets
2022-02-04
Further extension to posting of circular
2022-01-07
Abridged audited results for the year ended 31 August 2021
2021-12-31
Update on distribution of integrated annual report
2021-12-22
Extension to posting of circular
2021-12-02
Reviewed results for the year ended 31 August 2021
2021-12-01
Update on annual results release date and pre-recorded webcast presentation
2021-11-30
Annual results release date and pre-recorded webcast presentation
2021-10-25
Changes to the board of directors
2021-10-21
Disposal of portfolio of office assets and withdrawal of cautionary announcement
2021-09-28
Renewal of cautionary announcement