TEX Stock Overview
Texton is a JSE Limited ("JSE")-listed real estate investment trust ("REIT") that offers shareholders access to global direct and indirect real estate investments, which aim to deliver sustainable, risk-adjusted returns. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
My Notes
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Texton Property Fund Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R4.00 |
| 52 Week High | R4.10 |
| 52 Week Low | R2.40 |
| Beta | 0.67 |
| 1 Month Change | 21.21% |
| 3 Month Change | 14.29% |
| 1 Year Change | 60.00% |
| 3 Year Change | 11.11% |
| 5 Year Change | 38.41% |
| Change since IPO | -44.44% |
Recent News & Updates
Shareholder Returns
| TEX | ZA Office REITs | ZA Market | |
|---|---|---|---|
| 7D | 0% | -0.3% | -1.1% |
| 1Y | 60.0% | -2.4% | 6.8% |
Return vs Industry: TEX exceeded the ZA Office REITs industry which returned -1.7% over the past year.
Return vs Market: TEX exceeded the ZA Market which returned 7.8% over the past year.
Price Volatility
| TEX volatility | |
|---|---|
| TEX Average Weekly Movement | 7.2% |
| Office REITs Industry Average Movement | 3.2% |
| Market Average Movement | 4.2% |
| 10% most volatile stocks in ZA Market | 9.1% |
| 10% least volatile stocks in ZA Market | 2.5% |
Stable Share Price: TEX's share price has been volatile over the past 3 months compared to the ZA market.
Volatility Over Time: TEX's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of ZA stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | n/a | Jonathan Rens | www.texton.co.za |
Texton is a JSE Limited ("JSE")-listed real estate investment trust ("REIT") that offers shareholders access to global direct and indirect real estate investments, which aim to deliver sustainable, risk-adjusted returns. Our direct property portfolio is valued at R2,1 billion as at 31 December 2023 (June 2023: R2,2 billion) and our international property investment portfolio amounts to R544,7 million (June 2023: R598,6 million). Texton maintains a focused and disciplined approach to capital allocation.
Texton Property Fund Limited Fundamentals Summary
| TEX fundamental statistics | |
|---|---|
| Market cap | R1.19b |
| Earnings (TTM) | -R13.95m |
| Revenue (TTM) | R304.55m |
3.9x
P/S Ratio-85.5x
P/E RatioIs TEX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TEX income statement (TTM) | |
|---|---|
| Revenue | R304.55m |
| Cost of Revenue | R112.43m |
| Gross Profit | R192.13m |
| Other Expenses | R206.08m |
| Earnings | -R13.95m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.047 |
| Gross Margin | 63.09% |
| Net Profit Margin | -4.58% |
| Debt/Equity Ratio | 51.5% |
How did TEX perform over the long term?
See historical performance and comparisonDividends
5.0%
Current Dividend Yield51%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 07:13 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Texton Property Fund Limited is covered by 2 analysts. 0 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 |
|---|---|
| Nazeem Samsodien | Macquarie Research |
| Ridwaan Loonat | Nedbank Corporate and Investment Bank |