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.
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
Texton Property Fund Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R2.82 |
| 52 Week High | R3.05 |
| 52 Week Low | R2.22 |
| Beta | 0.67 |
| 1 Month Change | 12.80% |
| 3 Month Change | 12.80% |
| 1 Year Change | -5.37% |
| 3 Year Change | 8.46% |
| 5 Year Change | -38.96% |
| Change since IPO | -60.83% |
Recent News & Updates
Shareholder Returns
| TEX | ZA Office REITs | ZA Market | |
|---|---|---|---|
| 7D | -2.8% | 3.1% | 0.3% |
| 1Y | -5.4% | -0.7% | -4.6% |
Return vs Industry: TEX underperformed the ZA Office REITs industry which returned -4.2% over the past year.
Return vs Market: TEX matched the ZA Market which returned -5.5% over the past year.
Price Volatility
| TEX volatility | |
|---|---|
| TEX Average Weekly Movement | 5.4% |
| Office REITs Industry Average Movement | 3.1% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in ZA Market | 11.7% |
| 10% least volatile stocks in ZA Market | 2.9% |
Stable Share Price: TEX has not had significant price volatility in the past 3 months.
Volatility Over Time: TEX's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 24 | H. S. Welleman | 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 | R840.94m |
| Earnings (TTM) | -R63.21m |
| Revenue (TTM) | R302.77m |
2.8x
P/S Ratio-13.3x
P/E RatioIs TEX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TEX income statement (TTM) | |
|---|---|
| Revenue | R302.77m |
| Cost of Revenue | R109.03m |
| Gross Profit | R193.74m |
| Other Expenses | R256.95m |
| Earnings | -R63.21m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.21 |
| Gross Margin | 63.99% |
| Net Profit Margin | -20.88% |
| Debt/Equity Ratio | 59.2% |
How did TEX perform over the long term?
See historical performance and comparison