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Redefine Properties Limited (JSE: RDF) | Share Price

Nigel Firth
Nigel Frith trader
Updated 24 May 2024

Redefine Properties Limited is a South Africa-based real estate investment trust (REIT) listed on the Johannesburg Stock Exchange (JSE) that operates through local and foreign segments with a portfolio that is predominately anchored in local directly held retail, office and industrial properties, complemented by retail and logistics property assets in Poland.

Redefine Properties Limited stock is live on the JSE under the stock symbol of RDF and is available to trade via various brokers in South Africa.

What is Redefine Properties Limited

Redefine Properties Limited is listed on the Johannesburg Stock Exchange (JSE) with its shares being among the most actively traded on the JSE, making it a highly liquid single-entry point for investors to gain exposure to domestic and multiple international real estate markets.

Redefine Properties Limited’s diversified local property assets were valued at R71.3 billion in 2020 and its international real estate investments at R17.9 billion.

The history of Redefine Properties Limited can be traced back to 1999 and Today, Redefine Properties Limited has a diversified portfolio of products and services in more sectors of the Real Estate value chain. The Company derives rental income from investments in office, retail, industrial and specialized properties, and distributions from listed security investments.

Redefine Properties Limited focuses on securing fully repairing leases with tenants, which allows it to service them fully. The Company manages a property asset platform, comprising local and international property investments.

Redefine Properties Limited’s portfolio comprises a total of over 310 properties located in various locations, including Western Cape, Gauteng, KwaZulu-Natal, Limpopo and Mpumalanga.

Major shareholders are Government Employees Pension Fund, Ninety One Group, The Redefine Empowerment Trust, Sesfikile Capital (Pty) Ltd., Sesfikile Capital, Old Mutual Group, Vanguard, The Vanguard Group Inc., MMI, Meago, Liberty Holdings Ltd.

Redefine Properties Limited’s equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol RDF.

Redefine Properties Limited has its headquarters at Rosebank Towers, Office Level 5, 19 Biermann Avenue, Rosebank, Johannesburg 2196, South Africa.

The current CEO of Redefine Properties Limited is Andrew Joseph Konig.

Redefine Properties Limited forms part of the Real Estate sector, specifically, the Real Estate Investment Trust industry of the Johannesburg Stock Exchange (JSE).

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Redefine Properties Limited

Redefine Properties Limited Stock Performance

The most recent or current price for Redefine Properties Limited stocks on the Johannesburg Stock Exchange (JSE) was 4.38 ZAR at the time of writing.

An analysis of financial data of Redefine Properties Limited showed that the company has a total market capitalisation of 26.6 Billion ZAR, with a Price/Earning ratio of 6.09 and earnings per share of 0.7188.

The dividend per share of RDF was 0.60 ZAR and its dividend yield was 13.7%.  A total of 6.08 Billion shares were outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Redefine Properties Limited stocks can be hopeful for lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Redefine Properties Limited, analysts forecast a possible further improved performance for the Real Estate sector with market share growing as trading volumes increase.

Redefine-Shares

Highlights of Redefine Properties Limited in 2021

Redefine Properties Limited is currently the second most-traded stock on the JSE and it has experienced a total trading volume of more than 887 million shares, which were finalised in 55,835 deals and were valued at a total of 4.12 billion ZAR over a recent three month period from October 2021 to January 2022, with an average of 14.1 million shares in each trading session.

During the same period a volume high of 47.6 million was achieved on November 26 and a low of 1.83 million on December 24.

How to buy Redefine Properties Limited stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participating daily. To buy, sell or trade Redefine Properties Limited stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “RDF”.
  2. Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Johannesburg Stock Exchange (JSE) was founded in 1887 during the first South African gold rush. Today it is the principal stock exchange of South Africa and the largest exchange on the continent.

The Johannesburg Stock Exchange is located in Sandton, Johannesburg and is described as the engine room of the South African economy, with the main purpose of facilitating the raising of primary capital for listed companies while improving job opportunities and wealth creation by providing an orderly market for dealing in securities for investors.

The JSE upgraded to electronic trading in 1996, and in 2005, demutualized and listed on its own exchange.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.