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General information

Sector: Financials

The company is not available at Interactive Brokers

Texton Property Fund Limited (JSE:TEX) is a Real Estate Investment Trust (REIT). The company internally manages its portfolio of retail, office and industrial property assets located in South Africa and the United Kingdom.

The overall objective of the Fund is to grow its asset base, by investing in well priced, income and quality enhancing investment properties, to optimise returns over time for shareholders – in short, to become ‘the investment of choice’.

The strategic focus is diversification in order to maximise the growth in value for stakeholders. Diversification serves to limit risk and enhance the consistency of returns, ensuring that investors are best able to meet their investment performance objectives.

The Fund was formed in 2006 and listed on the JSE in August 2011.



  • Bad financial results growth rate -62.9% (average between last period year over year growth for revenue and Net Income), there is slowdown compared to average historical growth rates (0.1%)
  • Dividend yield for the last twelve months 0.0%
  • Share price is 59.0% higher than minimum and 25.2% lower than maximum for the last 3 years
  • The company is undervalued by P/E LTM multiple compared to target level (-79.1x vs
    )

Key Financials

Share price, ZAR:  (0.0%)3.18
Share price, USD: 0.1712
Common stocks: 330 188 679

Dividend Yield:  0.0%
P/E LTM: -79.1x
Last revenue growth (y/y):  -25.9%
Last growth of Net Income (y/y):  -100.0%
Historical revenue growth:  -10.1%
Historical growth of Net Income:  +34.4%
Target P/E (hist percentile):
P/E mutiple calculation
Market Cap ($m): 57
Net Profit ($m): -1
P/E LTM: -79.1x
Price to Book: 0.51x

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

2022-07-04
Cancelation of Loop Street and Foretrust Sales Agreement
2022-06-30
Acceptance by Directors of shares awarded in terms of the Texton Conditional Share Plan
2022-06-27
Sale of Hermanstad Industrial Park – Industrial Asset
2022-06-09
Voluntary announcement regarding the sale of Broad Street Mall
2022-05-13
Sale of Woodmead Commercial Park retail asset
2022-05-05
Acquistion of Texton Shares and dealings in Securities by Associates of Directors
2022-04-14
Disposal of Loop street and Foretrust Update and exention of posting of Circular
2022-03-18
Condensed unaudited consolidated interim financial results for the six months ended 31 December 2021
2022-03-16
Trading Statement
2022-03-15
Broad-Based Black Economic Empowerment Act : Annual Compliance Report
2022-03-14
Finalisation of a capital commitment to Cadre for Investments into the United States of America
2022-02-03
Subscription for shares in Blackstone Real Estate Income Trust iCapital Offshore Access Fund SPC
2022-01-10
Subscription for shares in Starwood Real Estate Income Trust offshore fund, SPC
2021-12-17
Disposal of Loop Street, Foretrust and certain sections of Wale Street Chambers
2021-12-10
Sale of Goldburb Durban CBD retail asset
2021-11-29
Results of Annual General Meeting
2021-10-29
No change statement and Notice of Annual General Meeting
2021-09-27
Acquistion of Texton shares and dealings in securities by associates of directors

SENS Announcements

2024-03-07
Update on the Appointment of a Financial Director
2024-02-28
Condensed Consolidated Unaudited Interim Results for the six months ended 31 December 2023
2024-01-12
Dealing in Securities by Associate of a Director
2024-01-08
Results of Texton Rights Offer and Directors’ Dealings
2023-12-18
Finalisation announcement in respect of the underwritten, non-renounceable rights offer
2023-12-06
Declaration of fully underwritten, non-renounceable rights offer
2023-11-29
Results of Annual General Meeting
2023-10-27
Distribution of Integrated Annual Report and Notice of Annual General Meeting
2023-10-02
Withdrawal of the Entitlement to elect the Share Re-Investment Alternative
2023-10-02
Disclosure of Transfer of Securities
2023-09-22
Audited Financial Results and Cash Dividend Declaration for the Year Ended 30 June 2023
2023-07-17
Specific Repurchase: Finalisation Announcement
2023-07-03
Results of General Meeting: Specific Repurchase
2023-05-26
Firm intention announcement: specific repurchase and withdrawal of cautionary announcement
2023-05-25
Specific repurchase from a related party and cautionary announcement
2023-04-05
Sale of Alrode Industrial Park
2023-02-21
Condensed Unaudited Consolidated Interim Financial Results For The Six Months Ended 31 December 2022
2023-02-20
Trading Statement
2022-12-15
Changes to the board of directors – Resignation of Chief Financial Officer
2022-11-30
Results of Annual General Meeting
2022-11-17
Broad-Based Black Economic Empowerment Act: Annual Compliance Report
2022-11-03
Time change made for Annual General Meeting
2022-10-31
No Change Statement and Notice of Annual General Meeting
2022-09-23
Audited Preliminary Summarised Consolidated Annual Results for the year ended 30 June 2022 and cash dividend
2022-09-15
Trading statement
2022-09-01
Change of Company Secretary
2022-08-17
Finalisation of a Capital Commitment to Gim Investments PCC Limited for Investments into the USA
2022-07-04
Cancelation of Loop Street and Foretrust Sales Agreement
2022-06-30
Acceptance by Directors of shares awarded in terms of the Texton Conditional Share Plan
2022-06-27
Sale of Hermanstad Industrial Park – Industrial Asset
2022-06-09
Voluntary announcement regarding the sale of Broad Street Mall
2022-05-13
Sale of Woodmead Commercial Park retail asset