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 | 3/6 |
| Dividends | 3/6 |
Texton Property Fund Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R2.70 |
| 52 Week High | R3.50 |
| 52 Week Low | R1.80 |
| Beta | 0.79 |
| 1 Month Change | 17.39% |
| 3 Month Change | 8.00% |
| 1 Year Change | -15.63% |
| 3 Year Change | 225.30% |
| 5 Year Change | -46.11% |
| Change since IPO | -62.50% |
Recent News & Updates
Shareholder Returns
| TEX | ZA Office REITs | ZA Market | |
|---|---|---|---|
| 7D | 8.4% | -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
| TEX volatility | |
|---|---|
| TEX Average Weekly Movement | 6.5% |
| Office REITs Industry Average Movement | 3.3% |
| Market Average Movement | 4.8% |
| 10% most volatile stocks in ZA Market | 11.1% |
| 10% least volatile stocks in ZA Market | 2.7% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 24 | H. S. Welleman | https://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
| TEX fundamental statistics | |
|---|---|
| Market Cap | R895.59m |
| Earnings (TTM) | -R14.15m |
| Revenue (TTM) | R321.85m |
2.8x
P/S Ratio-63.3x
P/E RatioIs TEX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TEX income statement (TTM) | |
|---|---|
| Revenue | R321.85m |
| Cost of Revenue | R116.01m |
| Gross Profit | R205.85m |
| Other Expenses | R220.00m |
| Earnings | -R14.15m |
Last Reported Earnings
Jun 30, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.043 |
| Gross Margin | 63.96% |
| Net Profit Margin | -4.40% |
| Debt/Equity Ratio | 46.8% |
How did TEX perform over the long term?
See historical performance and comparisonDividends
7.1%
Current Dividend Yield26%
Payout RatioDoes TEX pay a reliable dividends?
See TEX dividend history and benchmarks| Texton Property Fund dividend dates | |
|---|---|
| Ex Dividend Date | Oct 18 2023 |
| Dividend Pay Date | Oct 23 2023 |
| Days until Ex dividend | 19 days |
| Days until Dividend pay date | 24 days |
Does TEX pay a reliable dividends?
See TEX dividend history and benchmarks