How does RDPE.F's PE Ratio compare to its peers?

RDPE.F is good value based on its Price-To-Earnings Ratio (3.2x) compared to the peer average (22.1x).

How does RDPE.F's PE Ratio compare vs other companies in the North American REITs Industry?

RDPE.F is good value based on its Price-To-Earnings Ratio (3.2x) compared to the North American REITs industry average (20.3x).

What is RDPE.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate RDPE.F's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of RDPE.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

RDPE.F ($0.2) is trading above our estimate of [[fair value]] ($0.15)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

RDPE.F Stock Overview

Redefine Properties Limited (Redefine) is a South African-based Real Estate Investment Trust (REIT). More details

RDPE.F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	4/6
Financial Health	0/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (3.2x) is below the US market (16.4x)

Earnings grew by 111.8% over the past year

Risk Analysis

Shares are highly illiquid

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Dividend of 11.31% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

Redefine Properties Limited Competitors

Alexander & Baldwin

NYSE:ALEX

US$1.3b

Gladstone Commercial

NasdaqGS:GOOD

US$706.4m

American Assets Trust

NYSE:AAT

US$2.0b

One Liberty Properties

NYSE:OLP

US$584.5m

Price History & Performance

Summary of share price highs, lows and changes for Redefine Properties
Historical stock prices
Current Share Price	R0.20
52 Week High	R0.20
52 Week Low	R0.20
Beta	1.26
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	-68.75%
Change since IPO	-78.02%

Recent updates

Shareholder Returns

	RDPE.F	US REITs	US Market
7D	0%	-3.7%	-4.0%
1Y	n/a	-3.3%	24.0%

Return vs Industry: Insufficient data to determine how RDPE.F performed against the US REITs industry.

Return vs Market: Insufficient data to determine how RDPE.F performed against the US Market.

Price Volatility

Is RDPE.F's price volatile compared to industry and market?
RDPE.F volatility
RDPE.F Average Weekly Movement	n/a
REITs Industry Average Movement	3.3%
Market Average Movement	6.4%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.2%

Stable Share Price: RDPE.F has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine RDPE.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1999	n/a	Andrew Konig	www.redefine.co.za

Redefine Properties Limited (Redefine) is a South African-based Real Estate Investment Trust (REIT). Our primary goal is to grow and improve cash flow to deliver quality earnings, which will underpin growth and sustained value creation for all stakeholders. We are listed on the Johannesburg Stock Exchange (JSE).

Redefine Properties Limited Fundamentals Summary

How do Redefine Properties's earnings and revenue compare to its market cap?
RDPE.F fundamental statistics
Market cap	US$1.25b
Earnings (TTM)	US$390.40m
Revenue (TTM)	US$504.67m

3.2x

P/E Ratio

2.5x

P/S Ratio

Is RDPE.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RDPE.F income statement (TTM)
Revenue	R9.57b
Cost of Revenue	R3.79b
Gross Profit	R5.78b
Other Expenses	-R1.62b
Earnings	R7.41b

Last Reported Earnings

Feb 28, 2023

Next Earnings Date

Nov 06, 2023

Earnings per share (EPS)	1.10
Gross Margin	60.39%
Net Profit Margin	77.36%
Debt/Equity Ratio	76.6%

How did RDPE.F perform over the long term?

See historical performance and comparison

Dividends

11.3%

Current Dividend Yield

101%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/10/24 01:24
End of Day Share Price	2023/07/27 00:00
Earnings	2023/02/28
Annual Earnings	2022/08/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Redefine Properties Limited is covered by 19 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mahir Hamdulay	Absa Bank Limited
null null	Anchor Stockbrokers Proprietary Limited
Francois Du Toit	Anchor Stockbrokers Proprietary Limited