Rebosis is a JSE listed real estate investment trust (REIT) with a high quality diversified portfolio across commercial and retail assets.
Rebosis Property Fund Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R0.26|
|52 Week High||R0.15|
|52 Week Low||R0.34|
|1 Month Change||-7.14%|
|3 Month Change||-7.14%|
|1 Year Change||8.33%|
|3 Year Change||-95.84%|
|5 Year Change||-97.74%|
|Change since IPO||-97.70%|
Recent News & Updates
|REB||ZA REITs||ZA Market|
Return vs Industry: REB underperformed the ZA REITs industry which returned 39.5% over the past year.
Return vs Market: REB underperformed the ZA Market which returned 21.3% over the past year.
Stable Share Price: REB is more volatile than 90% of ZA stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: REB's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of ZA stocks.
About the Company
Rebosis is a JSE listed 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. Its retail portfolio has a mix of shopping centres including Port Elizabeth (Baywest Mall) and Centurion (Forest Hill City).
Rebosis Property Fund Fundamentals Summary
|REB fundamental statistics|
Is REB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|REB income statement (TTM)|
|Cost of Revenue||R647.38m|
Last Reported Earnings
Feb 28, 2021
Next Earnings Date
Nov 26, 2021
|Earnings per share (EPS)||-0.62|
|Net Profit Margin||-29.35%|
How did REB perform over the long term?See historical performance and comparison
Is Rebosis Property Fund 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: REB (ZAR0.26) is trading below our estimate of fair value (ZAR0.94)
Significantly Below Fair Value: REB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: REB is unprofitable, so we can't compare its PE Ratio to the ZA REITs industry average.
PE vs Market: REB is unprofitable, so we can't compare its PE Ratio to the ZA market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate REB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: REB is good value based on its PB Ratio (0.1x) compared to the ZA REITs industry average (0.6x).
How is Rebosis Property Fund 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 Rebosis Property Fund 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 Rebosis Property Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: REB is currently unprofitable.
Growing Profit Margin: REB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: REB is unprofitable, and losses have increased over the past 5 years at a rate of 44.9% per year.
Accelerating Growth: Unable to compare REB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: REB is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (132.9%).
Return on Equity
High ROE: REB has a negative Return on Equity (-13.9%), as it is currently unprofitable.
How is Rebosis Property Fund's financial position?
Financial Position Analysis
Short Term Liabilities: REB's short term assets (ZAR1.4B) do not cover its short term liabilities (ZAR10.3B).
Long Term Liabilities: REB has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: REB's debt to equity ratio (280.5%) is considered high.
Reducing Debt: REB's debt to equity ratio has increased from 99.4% to 280.5% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable REB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: REB is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 1% per year.
What is Rebosis Property Fund current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate REB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate REB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if REB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if REB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: REB is not paying a notable dividend for the ZA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of REB's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Sisa Ngebulana (54 yo)
Dr. Sisa Michael Ngebulana, B. Juris, CEA (SA) LLB, LLM, Ph D., served as Deputy Chairman of Rebosis Property Fund Limited since January 2019 until July 11, 2019 and serves as its Director since April 12,...
CEO Compensation Analysis
Compensation vs Market: Sisa's total compensation ($USD501.42K) is above average for companies of similar size in the ZA market ($USD280.19K).
Compensation vs Earnings: Sisa's compensation has been consistent with company performance over the past year.
Experienced Board: REB's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Rebosis Property Fund Limited's employee growth, exchange listings and data sources
- Name: Rebosis Property Fund Limited
- Ticker: REB
- Exchange: JSE
- Founded: 2010
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: R231.792m
- Shares outstanding: 760.11m
- Website: https://www.rebosis.co.za
Number of Employees
- Rebosis Property Fund Limited
- Roland Garros Building
- 2nd Floor
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 17:05|
|End of Day Share Price||2021/10/15 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.