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TEX

Texton Property Fund JSE:TEX Stock Report

Last Price

R2.70

Market Cap

R895.6m

7D

8.4%

1Y

-15.6%

Updated

28 Sep, 2023

Data

Company Financials

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.

TEX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends3/6

Texton Property Fund Limited Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Texton Property Fund
Historical stock prices
Current Share PriceR2.70
52 Week HighR3.50
52 Week LowR1.80
Beta0.79
1 Month Change17.39%
3 Month Change8.00%
1 Year Change-15.63%
3 Year Change225.30%
5 Year Change-46.11%
Change since IPO-62.50%

Recent News & Updates

Recent updates

Here's Why We Think Texton Property Fund (JSE:TEX) Is Well Worth Watching

Mar 08
Here's Why We Think Texton Property Fund (JSE:TEX) Is Well Worth Watching

Shareholder Returns

TEXZA Office REITsZA Market
7D8.4%-5.6%-2.9%
1Y-15.6%-17.6%1.8%

Return vs Industry: TEX exceeded the ZA Office REITs industry which returned -17.6% over the past year.

Return vs Market: TEX underperformed the ZA Market which returned 1.8% over the past year.

Price Volatility

Is TEX's price volatile compared to industry and market?
TEX volatility
TEX Average Weekly Movement6.5%
Office REITs Industry Average Movement3.3%
Market Average Movement4.8%
10% most volatile stocks in ZA Market11.1%
10% least volatile stocks in ZA Market2.7%

Stable Share Price: TEX is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TEX's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a24H. S. Wellemanhttps://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 R2,2 billion as at 30 June 2023 (June 2022: R2,6 billion) and our international property investment portfolio amounts to R598,6 million (June 2022: R485,1 million). Texton is focused on robust and disciplined capital allocation.

Texton Property Fund Limited Fundamentals Summary

How do Texton Property Fund's earnings and revenue compare to its market cap?
TEX fundamental statistics
Market CapR895.59m
Earnings (TTM)-R14.15m
Revenue (TTM)R321.85m

2.8x

P/S Ratio

-63.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TEX income statement (TTM)
RevenueR321.85m
Cost of RevenueR116.01m
Gross ProfitR205.85m
Other ExpensesR220.00m
Earnings-R14.15m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-0.043
Gross Margin63.96%
Net Profit Margin-4.40%
Debt/Equity Ratio46.8%

How did TEX perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

26%

Payout Ratio

Does TEX pay a reliable dividends?

See TEX dividend history and benchmarks
When do you need to buy TEX by to receive an upcoming dividend?
Texton Property Fund dividend dates
Ex Dividend DateOct 18 2023
Dividend Pay DateOct 23 2023
Days until Ex dividend19 days
Days until Dividend pay date24 days

Does TEX pay a reliable dividends?

See TEX dividend history and benchmarks