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LATEST HEADLINES

  • REDEFINE DISTRIBUTION ON TARGETThursday, 4 February 2010

    Redefine Properties has announced a distribution of 16,75 cents per linked unit for the quarter 1 September 2009 to 30 November 2009 .
    This post-merger distribution reflects a 28,8% increase on the comparable period distribution of 13 cents per linked unit which was pre-merger.
    Redefine joint CEO Wolf Cesman says the increased distribution reflects the benefits of [...]

    ...read more
  • R10-MILLION MAKEOVER FOR VANDERBIJLPARK’S SANLAM CENTRE COMMENCESMonday, 1 February 2010

    Redefine Properties, the owners of the Sanlam Centre in Vanderbijlpark, is investing up to R10-million in an upgrade and refurbishment of the Sanlam Centre.
    The 18 200m2 centre will receive a facelift with new tiling, ceilings, shopfronts, paint and lighting to create a more attractive and fresh shopping experience.
    The renovation of the centre commenced in February [...]

    ...read more

Welcome to Redefine Properties

Redefine 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.

 

Redefine at a glance

     
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%