If you research or trade in Redefine shares from today, 1 March 2010, you will notice that Redefine Income Fund Limited has officially changed its name to Redefine Properties Limited.
...read moreRedefine Properties has announced its decision to move the property management function of its portfolio in-house. In addition to creating the potential for significant annual savings in the future, the change in strategy aims to increase service delivery and streamline business processes and efficiency to enhance profitability.
...read moreRedefine Income Fund Limited is a property loan stock (PLS) company which listed on the JSE Limited (JSE) in the Financial Services sector on 23 February 2000.
At 31 August 2009, the company was the second largest listed PLS company in South Africa, with a market capitalisation of R19,4 billion.
The company offers investors a diversified portfolio of 403 properties valued at R18,2 billion and a R2,8 billion portfolio of South African and international listed investments.
Redefine is internally managed by a proven team of entrepreneurial and experienced property and financial professionals who are committed to achieving sustained growth in distributions for unitholders.
| Company Information | ||
| Company name: | Redefine Income Fund Limited | |
| Share code: | RDF | |
| JSE Sector: | Financial Services Real Estate | |
| Listing date: | 23 February 2000 | |
| Units in issue: | 2 654 538 299 | |
| Unit statistics at 31 August 2009 | ||
| Closing price: | R7,29 per linked unit | |
| Market capitalisation: | R19,4 billion | |
| Net asset value: | R7,45 per linked unit | |
| Year to 31 August 2009 | ||
| Total distribution: | 56.55 cents per linked unit | |
| Total return: | 95.55 cents per linked unit | |
| Total return (%): | 13.8% | |
| Property portfolio at 31 August 2009 | ||
| Number of properties: | 403 | |
| Valuation: | R18,2 billion | |
| Gross lettable area (GLA): | 3 610 050m2 | |
| Vacancy factor: | 8.5% | |
| Valuation/m2: | R5 000/m2 | |
| Total gross monthly rental: | R182,4 million | |
| Value of vacant land and property under development: | 26% |