Redefine is a Real Estate Investment Trust (REIT) with a sectoral and geographically diversified property asset platform valued at R96.8 billion (FY22: R88.9 billion). Redefine’s portfolio is predominately anchored in South Africa through directly held and managed retail, office and industrial properties, which is complemented by a strong presence in retail and logistics property assets in Poland.
Redefine’s purpose is to create and manage spaces in a way that transforms lives, which requires more than a business-as-usual approach: it requires an integrated approach to making strategic choices that will sustain value creation for all stakeholders by putting people and purpose at the heart of what we do and focusing on what matters most by executing on our strategic priorities.
Redefine is listed on the Johannesburg Stock Exchange (JSE) with a market capitalisation of R25.2 billion (FY22: R26.8 billion). By volume, Redefine’s shares are among the most actively traded in the SA REIT sector, making it a highly liquid, single-entry point for investors to gain exposure to the South African and Polish real estate markets.
Redefine’s local property asset platform is valued at R59.9 billion as at 31 August 2023 (FY22: R58.9 billion). The offshore real estate investments are valued at R36.9 billion (FY22: R30.0 billion), representing 38.1% (FY22: 33.7%) of the group’s total property asset platform, which provides geographic diversification through retail, logistics and self-storage property assets in Poland. The increase in the value of the property asset platform during the year is primarily due to the depreciation of the rand, the acquisition of local properties, and expansion through logistics development activity in Poland, which was marginally offset by the ongoing disposal of non-core assets.
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Redefine is a Real Estate Investment Trust (REIT) with a sectoral and geographically diversified property asset platform valued at R94.1 billion (FY22: R88.9 billion). Redefine’s portfolio is predominately anchored in South Africa through directly held and managed retail, office and industrial properties, which is complemented by a strong presence in retail and logistics property assets in Poland.
Redefine’s purpose is to create and manage spaces in a way that transforms lives, which requires more than a business-as-usual approach: it requires an integrated approach to making strategic choices that will sustain value creation for all stakeholders by putting people and purpose at the heart of what we do and focusing on what matters most by executing our strategic priorities.
Redefine is listed on the Johannesburg Stock Exchange (JSE) with a market capitalisation of R26.9 billion (FY22: R29.0 billion). By volume, Redefine’s shares are among the most actively traded in the SA REIT sector, making it a highly liquid, single-entry point for investors to gain exposure to the South African and Polish real estate markets.
Redefine’s local property asset platform is valued at R59.4 billion as at 28 February 2023 (FY22: R58.9 billion). The offshore real estate investments are valued at R34.7 billion (FY22: R30.0 billion) representing 36.9% (FY22: 33.7%) of the group’s total property asset platform, which provides geographic diversification through retail and logistics property assets in Poland. The increase in the property asset platform during the period is primarily due to the depreciation of the Rand and acquisition of two local properties which marginally offset the ongoing disposal of non-core assets.
