- Operating margin improved to 82.7%
- Local developments in progress total R5.9 billion
- LTV lowered to 40.1%
- 47 Learners enrolled for 2018 programme
- Gold SAFMA award for Solar PV implementation
Redefine is a leading South African-based Real Estate Investment Trust (REIT), with a diverse, internally managed property asset platform valued at R85.6 billion. Redefine's portfolio is anchored domestically in directly held retail, office and industrial properties, and is complemented by substantial property investments in the United Kingdom (UK), Poland and Australia.
Redefine’s primary goal is to grow and improve cash flows which will deliver quality earnings, growth in distributions, and sustained long-term growth in total returns for shareholders.
Redefine is listed on the Johannesburg Stock Exchange (JSE), has a market capitalisation of R66.8 billion and is ranked in the JSE Top 40 index. By volume, Redefine shares are 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.
At 28 February 2018, Redefine’s diversified local property assets were valued at R68.6 billion. The Group's international real estate investments, valued at R17.0 billion represented 19.9% of total property assets, providing geographic diversification into the UK, Polish and Australian markets.