Exemplar REITail Limited, a real estate investment trust, owns and manages rural and township retail real estate properties.
Exemplar REITail Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R9.60|
|52 Week High||R9.40|
|52 Week Low||R9.60|
|1 Month Change||0%|
|3 Month Change||n/a|
|1 Year Change||0%|
|3 Year Change||-7.69%|
|5 Year Change||n/a|
|Change since IPO||82.68%|
Recent News & Updates
Are Exemplar REITail Limited's (JSE:EXP) Mixed Fundamentals The Reason Behind The Stock's Muted Performance Recently?
Looking at Exemplar REITail's (JSE:EXP) mostly flat share price movement over the past week, it is easy to think that...
|EXP||ZA REITs||ZA Market|
Return vs Industry: EXP underperformed the ZA REITs industry which returned 39.5% over the past year.
Return vs Market: EXP underperformed the ZA Market which returned 21.3% over the past year.
Stable Share Price: Insufficient data to determine EXP's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine EXP's volatility change over the past year.
About the Company
Exemplar REITail Limited, a real estate investment trust, owns and manages rural and township retail real estate properties. It owns a portfolio of 23 retail centers covering 350,000 square meters of leasable area across five provinces in South Africa. The company was incorporated in 2018 and is based in Centurion, South Africa.
Exemplar REITail Fundamentals Summary
|EXP fundamental statistics|
Is EXP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|EXP income statement (TTM)|
|Cost of Revenue||R290.65m|
Last Reported Earnings
Feb 28, 2021
Next Earnings Date
|Earnings per share (EPS)||0.70|
|Net Profit Margin||29.34%|
How did EXP perform over the long term?See historical performance and comparison
8.9%Current Dividend Yield
Is Exemplar REITail undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EXP (ZAR9.6) is trading below our estimate of fair value (ZAR11.61)
Significantly Below Fair Value: EXP is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: EXP is poor value based on its PE Ratio (13.8x) compared to the ZA REITs industry average (11.9x).
PE vs Market: EXP is poor value based on its PE Ratio (13.8x) compared to the ZA market (11.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EXP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EXP is overvalued based on its PB Ratio (0.9x) compared to the ZA REITs industry average (0.6x).
How is Exemplar REITail forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Exemplar REITail has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Exemplar REITail performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EXP has high quality earnings.
Growing Profit Margin: EXP's current net profit margins (29.3%) are lower than last year (49.7%).
Past Earnings Growth Analysis
Earnings Trend: EXP's earnings have grown by 3.2% per year over the past 5 years.
Accelerating Growth: EXP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EXP had negative earnings growth (-35.9%) over the past year, making it difficult to compare to the REITs industry average (111.5%).
Return on Equity
High ROE: EXP's Return on Equity (6.1%) is considered low.
How is Exemplar REITail's financial position?
Financial Position Analysis
Short Term Liabilities: EXP's short term assets (ZAR148.5M) do not cover its short term liabilities (ZAR1.1B).
Long Term Liabilities: EXP's short term assets (ZAR148.5M) do not cover its long term liabilities (ZAR1.8B).
Debt to Equity History and Analysis
Debt Level: EXP's debt to equity ratio (66.9%) is considered high.
Reducing Debt: EXP's debt to equity ratio has increased from 58.4% to 66.9% over the past 5 years.
Debt Coverage: EXP's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: EXP's interest payments on its debt are well covered by EBIT (3.5x coverage).
What is Exemplar REITail current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EXP's dividend (8.86%) is higher than the bottom 25% of dividend payers in the ZA market (3.07%).
High Dividend: EXP's dividend (8.86%) is in the top 25% of dividend payers in the ZA market (8.09%)
Stability and Growth of Payments
Stable Dividend: EXP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: EXP's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (105.5%), EXP's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jason McCormick (42 yo)
Mr. Jason McCormick, serves as Chief Executive Officer at Exemplar REITail Limited since June 2018 and also serves as its Executive Director. He serves as MD of McCormick Property Development (MPD) and ser...
Experienced Management: EXP's management team is considered experienced (3.3 years average tenure).
Experienced Board: EXP's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EXP insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Exemplar REITail Limited's employee growth, exchange listings and data sources
- Name: Exemplar REITail Limited
- Ticker: EXP
- Exchange: JSE
- Founded: 2018
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: R3.190b
- Shares outstanding: 332.29m
- Website: https://www.exemplarreit.co.za
Number of Employees
- Exemplar REITail Limited
- Sokatumi Estate
- Corner Lyttelton Road and Leyden Avenue
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 17:02|
|End of Day Share Price||2021/09/16 00:00|
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.