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2022 Financial results

No annual results for this year. Please refer to interim results

2022 Interim results highlights

Redefine is a Real Estate Investment Trust (REIT), with a sectoral and geographically diversified property asset platform, as defined by the SA REIT Best Practice Recommendations (SA REIT BPR), valued at R71.0 billion (FY21: R73.0 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 changes 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.


Redefine is listed on the Johannesburg Stock Exchange (JSE) with a market capitalisation of

R29.8 billion (FY21: R27.7 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 domestic and Polish real estate markets.


Redefine’s local property assets are valued at R59.5 billion as at 28 February 2022 (FY21: R60.4 billion). The international real estate investments are valued at R11.5 billion (FY21: R12.6 billion) representing 16.2% (FY21: 17.3%) of the Group’s total property assets and providing geographic diversification to retail and logistics property assets in Poland. The decrease in the property assets in the period is primarily due to ongoing disposal activity to rightsize the asset base.