SA Corporate Real Estate Limited

JSE:SAC Stock Report

Market Cap: R7.0b

SA Real Estate Past Earnings Performance

Past criteria checks 2/6

SA Real Estate has been growing earnings at an average annual rate of 52.4%, while the REITs industry saw earnings growing at 38.5% annually. Revenues have been growing at an average rate of 6.9% per year. SA Real Estate's return on equity is 5.8%, and it has net margins of 22%.

Key information

52.4%

Earnings growth rate

52.5%

EPS growth rate

REITs Industry Growth3.9%
Revenue growth rate6.9%
Return on equity5.8%
Net Margin22.0%
Last Earnings Update31 Dec 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How SA Real Estate makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

JSE:SAC Revenue, expenses and earnings (ZAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 242,941646290
30 Sep 242,8689211120
30 Jun 242,7951,1961940
31 Mar 242,6661,2031880
31 Dec 232,5371,2091820
30 Sep 232,5419321610
30 Jun 232,5456551390
31 Mar 232,4177371430
31 Dec 222,2898191460
30 Sep 222,1478681540
30 Jun 222,0059171620
31 Mar 222,0457691660
31 Dec 212,0856211710
30 Sep 212,0772571690
30 Jun 212,068-1061670
31 Mar 212,035-8001840
31 Dec 202,002-1,4942010
30 Sep 202,074-1,3551870
30 Jun 202,145-1,2161740
31 Mar 202,223-4901460
31 Dec 192,3012361190
30 Sep 192,301331770
30 Jun 192,300426340
31 Mar 192,324637520
31 Dec 182,348848700
30 Sep 182,3481,150690
30 Jun 182,3481,453680
31 Mar 182,3001,489660
31 Dec 172,2521,526640
30 Sep 172,1762,057650
30 Jun 172,1002,589660
31 Mar 172,0092,535640
31 Dec 161,9182,480610
30 Sep 161,8652,054620
30 Jun 161,8111,628620
31 Mar 161,7371,521600
31 Dec 151,6621,414580
30 Sep 151,5971,271650
30 Jun 151,5321,129720
31 Mar 151,4711,048660
31 Dec 141,409967600
30 Sep 141,342883390
30 Jun 141,275798180
31 Mar 141,231979180

Quality Earnings: SAC has high quality earnings.

Growing Profit Margin: SAC's current net profit margins (22%) are lower than last year (47.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SAC's earnings have grown significantly by 52.4% per year over the past 5 years.

Accelerating Growth: SAC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SAC had negative earnings growth (-46.6%) over the past year, making it difficult to compare to the REITs industry average (91.1%).

Return on Equity

High ROE: SAC's Return on Equity (5.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/14 17:52
End of Day Share Price 2025/03/14 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

SA Corporate Real Estate Limited is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fayyaad AmienAbsa Bank Limited
Francois Du ToitAnchor Stockbrokers Proprietary Limited
Pranita DayaAnchor Stockbrokers Proprietary Limited