• Redefine communicates with its stakeholders via regular email "Breaking News" alerts. Should you wish to be placed on our database, please fill in the form below.

    Name (Required):

    Surname (Required):

    Company (Required):

    Telephone:

    Email (Required):

    Postal:

LATEST HEADLINES

  • REDEFINE NAME CHANGES ON 1 MARCH 2010Monday, 1 March 2010

    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 more
  • REDEFINE ANNOUNCES INTENTION TO MOVE PROPERTY MANAGEMENT IN-HOUSEThursday, 25 February 2010

    Redefine 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 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%