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General information

Sector: Financials

The company is not available at Interactive Brokers

Rebosis Property Fund Limited (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 across 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).

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

Despite its considerable size, Rebosis takes a focused approach when it comes to cost savings initiatives, tenant optimisation and lease renewals, improving the overall quality of the Fund.



  • 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 33.3% higher than minimum and 50.0% lower than maximum for the last 3 years
  • The company is undervalued by P/E LTM multiple compared to target level (-0.3x vs
    )

Key Financials

Share price, ZAR:  (0.0%)0.1600
Share price, USD: 0.008616
Common stocks: 699 250 000

Dividend Yield:  0.0%
P/E LTM: -0.3x
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 ($m): 6
Net Profit ($m): -20
P/E LTM: -0.3x
Price to Book: 0.03x

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

SENS Announcements

2024-03-04
Changes to the Board
2024-01-24
Change to the board of Rebosis
2023-12-27
Business rescue quarterly update announcement as at 30 November 2023
2023-12-06
Business rescue quarterly update announcement as at 31 August 2023
2023-09-27
Disposal of properties
2023-09-05
Disposal of properties
2023-08-29
Public sales process update
2023-08-23
Disposal of properties
2023-08-15
Monthly update announcement and operational update
2023-07-14
Monthly update announcement on the Public Sales Process and operational update
2023-06-28
Public sales process update
2023-06-05
Combined monthly and quarterly update announcement
2023-05-03
Monthly progress report in respect of public sale process
2023-04-18
Rectification of technical problem (e-mail address) in respect of Public Sale Process
2023-04-06
Public sale process in respect of Rebosis assets
2023-04-06
Results of meeting of creditors
2023-03-22
Publication of business rescue plan
2023-03-22
CANCELLATION OF S472918 Publication of business rescue plan
2023-03-20
Publication of business rescue plan
2023-03-08
Business rescue quarterly update and delay in publication of business rescue plan
2023-02-21
Fifth extension of publication of business rescue plan
2023-02-03
Amendment to directors’ declarations
2023-01-27
Extension of publication of business rescue plan
2022-12-08
Business rescue quarterly update
2022-11-09
Further extension for the publication of business rescue plan
2022-11-01
Changes to the board of Rebosis
2022-10-13
Further update on business rescue proceedings
2022-09-30
Extension of publication of business rescue plan
2022-09-08
Notice of the first meeting of creditors
2022-09-07
Amendment to directors’ declarations
2022-08-31
Appointment of joint business rescue practitioners
2022-08-26
Change to the board
2022-08-26
Notice of business rescue resolution and suspension of listing of Rebosis shares on the JSE Limited
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