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Redefine Properties Limited (RDF.JO)

ZAc644.00 -1.00 (-0.16%)
ZA JNB Real Estate REIT - Diversified
Address Rosebank Towers 2196
Johannesburg, ZA
CEO Andrew Joseph Konig Acc
IPO 2009-01-30
ISIN ZAE000190252

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Description

Redefine Properties Limited operates as a leading, internally managed Real Estate Investment Trust (REIT) based in South Africa. Our primary objective is to enhance cash flow, delivering robust earnings that underpin growing distributions and sustainable value creation for all stakeholders. Listed on the Johannesburg Stock Exchange (JSE), we actively manage a diversified property portfolio totaling R81.0 billion, encompassing both local and international assets. Our shares are among the most liquid and frequently traded on the JSE, providing a direct investment gateway to high-quality domestic properties and a broad range of international commercial real estate markets. We distinguish ourselves through our fundamental commitment to putting people at the core of our operations.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
ZAc644.00 -1.00 (-0.16%)
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Volume Profile
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Liquidity & share structure
Average Volume
14M
Beta
0.34
Float Shares
6.63B
Free Float %
95.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.27% +0.95% -1.55% -6.19% +7.61% +6.00% +38.56% +87.06% +53.25% -44.94% +135.56%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
644.00
DCF (Unlevered) 1,371.70 +113.0%
DCF (Levered) 358.61 -44.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 -1
Hold 1 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.20
Distress
Piotroski F-Score
4 / 9
Average
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
  • Revenue growth
    +3.3% Q1'26: +7.3% (vs Q1'24)
  • EPS growth
    +0.0% Q1'26: +218.8% (vs Q1'24)
  • FCF margin
    Q1'26: +28.9% (vs Q1'24)
  • EBIT margin
    Q1'26: +100.5% (vs Q1'24)
  • ROIC
    Q1'26: +21.7% (vs Q1'24)
  • Share dilution
    +2.9% Q1'26: +3.4% (vs Q1'24)
  • Debt / EBITDA
    7.15× Q1'26: 1.89× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.38) × ERP
WACC = 50% × Ke + 50% × Kd (8.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,361.22 Current price: 644.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Aug 2015
actual
Aug 2016
actual
Aug 2017
actual
Aug 2018
actual
Aug 2019
actual
Aug 2020
actual
Aug 2021
actual
Aug 2022
actual
Aug 2023
actual
Aug 2024
actual
Aug 2025
actual
Aug 2026
4 Rev. Ana.
1 EPS Ana.
Aug 2027
4 Rev. Ana.
1 EPS Ana.
Aug 2028
4 Rev. Ana.
1 EPS Ana.
Aug 2029
3 Rev. Ana.
1 EPS Ana.
Aug 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
6.81B
est: 6.10B (+11.6%)
6.65B
est: 5.91B (+12.4%)
7.79B
est: 7.13B (+9.3%)
8.44B
est: 7.58B (+11.3%)
8.90B
est: 7.30B (+22.0%)
8.78B
est: 5.81B (+51.1%)
7.16B
est: 6.47B (+10.7%)
8.24B
est: 4.77B (+73.0%)
9.91B
est: 6.28B (+57.7%)
10.66B
est: 4.96B (+115.1%)
11.01B
est: 8.81B (+24.9%)
7.72B
6.74B – 8.94B
-12.4% YoY
8.04B
6.94B – 9.33B
+4.0% YoY
8.36B
7.26B – 9.69B
+4.0% YoY
5.74B
4.98B – 6.65B
-31.4% YoY
5.91B
5.13B – 6.85B
+2.9% YoY
EBITDA
7.29B
est: 3.66B (+99.2%)
6.78B
est: 3.55B (+91.1%)
7.33B
est: 4.28B (+71.4%)
5.69B
est: 4.55B (+25.2%)
5.62B
est: 4.38B (+28.3%)
2.04B
est: 3.49B (-41.6%)
5.74B
est: 3.88B (+48.1%)
6.53B
est: 2.86B (+128.6%)
4.81B
est: 3.77B (+27.6%)
7.32B
est: 3.30B (+121.7%)
6.21B
est: 5.87B (+5.7%)
5.14B
4.49B – 5.96B
-12.4% YoY
5.35B
4.62B – 6.21B
+4.0% YoY
5.57B
4.83B – 6.46B
+4.0% YoY
3.82B
3.32B – 4.43B
-31.4% YoY
3.93B
3.42B – 4.56B
+2.9% YoY
EBIT
7.12B
est: 3.60B (+98.0%)
6.68B
est: 3.49B (+91.6%)
6.03B
est: 4.20B (+43.5%)
9.58B
est: 4.47B (+114.3%)
5.53B
est: 4.30B (+28.5%)
-13.32B
est: 3.43B (-488.8%)
5.70B
est: 3.81B (+49.5%)
6.51B
est: 2.81B (+131.9%)
4.79B
est: 3.70B (+29.2%)
7.29B
est: 3.28B (+122.0%)
6.17B
est: 5.84B (+5.7%)
5.12B
4.47B – 5.93B
-12.4% YoY
5.33B
4.60B – 6.18B
+4.0% YoY
5.54B
4.81B – 6.42B
+4.0% YoY
3.80B
3.30B – 4.41B
-31.4% YoY
3.91B
3.40B – 4.54B
+2.9% YoY
Net Income
5.43B
est: 5.50B (-1.3%)
4.57B
est: 5.63B (-18.9%)
3.33B
est: 6.24B (-46.7%)
6.58B
est: 6.58B (-0.1%)
3.34B
est: 6.93B (-51.8%)
-16.61B
est: 2.89B (-675.7%)
2.73B
est: 3.21B (-15.0%)
8.69B
est: 3.52B (+146.8%)
1.45B
est: 3.42B (-57.8%)
3.97B
est: 3.51B (+13.0%)
4.13B
est: 3.60B (+14.6%)
3.74B
3.09B – 4.51B
+3.7% YoY
3.97B
3.29B – 4.79B
+6.3% YoY
4.19B
3.47B – 5.06B
+5.6% YoY
4.56B
3.78B – 5.51B
+8.8% YoY
4.80B
3.98B – 5.79B
+5.2% YoY
SGA
228.83M
est: 296.54M (-22.8%)
210.24M
est: 287.32M (-26.8%)
259.64M
est: 346.59M (-25.1%)
365.14M
est: 368.46M (-0.9%)
400.77M
est: 354.68M (+13.0%)
401.63M
est: 282.37M (+42.2%)
327.00M
est: 314.16M (+4.1%)
461.41M
est: 231.55M (+99.3%)
554.67M
est: 305.30M (+81.7%)
421.85M
est: 220.14M (+91.6%)
273.94M
est: 391.55M (-30.0%)
343.08M
299.51M – 397.29M
-12.4% YoY
356.93M
308.20M – 414.44M
+4.0% YoY
371.27M
322.32M – 430.53M
+4.0% YoY
254.88M
221.27M – 295.56M
-31.4% YoY
262.34M
227.75M – 304.21M
+2.9% YoY
EPS
1.43
est: 0.81 (+76.4%)
1.01
est: 0.83 (+21.7%)
0.66
est: 0.92 (-28.3%)
1.23
est: 0.97 (+26.7%)
0.62
est: 1.02 (-39.4%)
-3.06
est: 0.43 (-818.9%)
0.50
est: 0.47 (+5.5%)
1.41
est: 0.52 (+171.5%)
0.21
est: 0.51 (-58.4%)
0.59
est: 0.50 (+17.2%)
0.59
est: 0.52 (+14.2%)
0.54
0.44 – 0.65
+3.7% YoY
0.57
0.47 – 0.69
+6.3% YoY
0.60
0.50 – 0.73
+5.6% YoY
0.65
0.54 – 0.79
+8.8% YoY
0.69
0.57 – 0.83
+5.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A 4/5 3/5 4/5 5/5 3/5 3/5 4/5
2026-05-08 A 4/5 3/5 4/5 5/5 3/5 3/5 4/5
2026-05-07 A 4/5 3/5 4/5 5/5 3/5 3/5 4/5
2026-05-06 A 4/5 3/5 4/5 5/5 3/5 3/5 4/5
2026-05-05 A 4/5 3/5 4/5 5/5 3/5 3/5 4/5
2026-05-04 A 4/5 3/5 4/5 5/5 3/5 3/5 4/5
2026-04-30 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-04-29 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5
2026-04-28 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5
2026-04-24 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5
2026-04-23 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5
2026-04-22 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5
2026-04-21 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5
2026-04-20 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5
2026-04-17 A- 4/5 3/5 3/5 5/5 1/5 4/5 4/5
2026-04-16 A- 4/5 3/5 3/5 5/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
6.42B
OE per share TTM
0.94
Owner's Yield
14.71%
Maintenance CapEx ratio
0.17%
Maint CapEx / Avg PPE
1.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 61 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree Emerging Markets SmallCap Dividend UCITS ETF DGSD.L 0.68% 297.6K 0.54%
2 WisdomTree Emerging Markets SmallCap Dividend Fund DGS 0.66% 11.85M 0.58%
3 WisdomTree Emerging Markets Equity Income UCITS ETF DEMD.L 0.31% 798.4K 0.46%
4 WisdomTree Emerging Markets Equity Income UCITS ETF - Acc DEMR.L 0.31% 798.4K 0.46%
5 WisdomTree Emerging Markets High Dividend Fund DEM 0.25% 9.68M 0.63%
6 Vanguard Global ex-U.S. Real Estate ETF VNQI 0.25% 9.33M 0.12%
7 Vert Global Sustainable Real Estate ETF VGSR 0.24% 1.22M 0.51%
8 Xtrackers International Real Estate ETF HAUZ 0.23% 2.40M 0.10%
9 Avantis Real Estate ETF AVRE 0.19% 1.60M 0.17%
10 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.17% 579.9K 0.74%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
8.45M
Shares Outstanding
6.95B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Andrew Joseph Konig Acc Chief Executive Officer & Executive Director 16M male
Leon C. Kok BComHonsAcc Chief Operating Officer & Executive Director 12M male
Ntobeko Nyawo Chief Financial Officer & Executive Director 11M male
Anda Matwa Company Secretary female
Renske Coetzee Chief People Officer
Tracey Wolf Chief Legal Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits