YOLFTbeta
Equites Property Fund Ltd

Equites Property Fund Ltd

EQU · JSE · Real Estate / REIT - Industrial

1,765.00ZAC+1.00 (+0.06%)

Price History

Full chart

Market Stats

Previous Close1,764.00
Open1,769.00
Day Range1,763.00 – 1,774.00
52-Week Range1,592.00 – 1,925.00
Volume115.34K
Market Cap15.45B
P/E (TTM)10.06
Forward P/E14.81
EPS1.77
Dividend Yield8.09%
Beta0.33
50-Day Avg1,772.26
200-Day Avg1,775.12

About

Equites Property Fund Limited (Equites) is a South African REIT. It has a clear focus on being a market leader in the logistics property market by developing and acquiring A-grade, modern logistics facilities in prime locations in South Africa and the United Kingdom. Equites listed on the Johannesburg Stock Exchange (JSE) on 18 June 2014 with a portfolio value of R1 billion and has since grown to a portfolio value to R19.3 billion 28 February 2021. The group continues to grow its portfolio through a significant development pipeline and high-quality acquisitions. Equites is the only listed property entity on the JSE to provide shareholders with pure exposure to prime logistics assets. Equites Property Fund Limited was established on May 20, 2013, and incorporated in South Africa.

Company Details

  • SectorReal Estate
  • IndustryREIT - Industrial
  • CEOMr. Andrea Taverna-Turisan
  • Employees0
  • Headquarters14th Floor, Portside Tower, Cape Town, South Africa, 8001, South Africa
  • Websitehttps://www.equites.co.za

Leadership

  • Mr. Andrea Taverna-TurisanCEO & Executive Director · b. 1969
  • Ms. Laila Razack C.A.Debt Officer, CFO, Financial Director & Executive Director · b. 1988
  • Mr. Gerhard Riaan GousCOO & Executive Director · b. 1966
  • Warren Douglas C.A.Head of Risk Management & Treasurer
  • Mr. Thabo VilakaziCompany Secretary & Deputy Information Officer

Financials

Income Statement

Currency: ZAR2015-02-282016-02-292017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Total Revenue130.59M335.68M502.43M573.70M766.16M993.70M1.19B1.69B3.21B2.48B4.26B3.16B
Growth (%)-+157.04%+49.68%+14.18%+33.55%+29.70%+19.29%+42.37%+90.38%-22.68%+71.35%-25.71%
Cost of Revenue24.48M42.45M77.41M87.96M107.38M115.89M163.10M240.42M1.21B531.50M2.20B1.37B
Gross Profit106.11M293.23M425.02M485.74M658.77M877.81M1.02B1.69B3.21B1.95B2.06B1.79B
Gross Margin81.25%87.35%84.59%84.67%85.98%88.34%86.24%100.03%100.00%78.60%48.30%56.64%
Operating Expense7.58M15.72M15.63M-314.59M-95.84M53.12M154.43M-1.01B1.14B50.35M37.00M203.19M
Operating Income98.53M277.50M409.39M800.34M754.61M824.69M867.85M2.69B2.08B1.90B2.02B1.59B
Operating Margin75.45%82.67%81.48%139.50%98.49%82.99%73.21%159.59%64.63%76.58%47.44%50.22%
EBITDA100.50M285.76M495.89M801.28M476.93M688.15M818.00M1.73B2.08B1.92B2.22B2.73B
EBITDA Margin76.96%85.13%98.70%139.67%62.25%69.25%69.01%102.32%64.71%77.30%52.25%86.39%
Net Income184.03M383.87M784.75M870.19M669.86M682.17M407.50M2.03B-638.79M1.15B943.55M1.63B
Net Income Margin140.92%114.36%156.19%151.68%87.43%68.65%34.38%120.45%-19.88%46.36%22.17%51.59%
Interest Expense15.63M65.48M126.05M114.81M55.65M113.30M24.55M19.70M229.05M559.78M722.13M679.56M
Interest Expense % of Total Revenue11.97%19.51%25.09%20.01%7.26%11.40%2.07%1.17%7.13%22.53%16.96%21.49%

Balance Sheet

Currency: ZAR2015-02-282016-02-292017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Total Assets1.45B4.23B6.52B8.48B12.24B15.20B20.86B27.74B28.55B30.22B30.54B31.40B
Total Liabilities145.35M605.53M1.48B2.08B3.57B5.43B7.85B10.23B12.27B13.28B12.99B12.94B
Total Equity1.30B3.62B4.95B6.30B8.52B9.73B10.84B14.45B12.89B13.38B13.77B14.47B
Cash3.58M3.96M11.04M17.81M36.28M53.72M612.32M570.14M257.69M493.25M1.53B105.57M
Total Debt127.37M526.32M1.37B1.94B3.31B4.80B6.83B9.00B11.11B12.10B11.83B9.89B
Net Debt123.79M522.36M1.36B1.92B3.27B4.75B6.22B8.43B10.86B11.61B10.31B9.79B

Cash Flow

Currency: ZAR2015-02-282016-02-292017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Operating Cash Flow43.16M6.42M-54.05M-7.96M54.42M25.48M-78.89M-428.13M-30.57M968.75M-300.38M1.06B
Investing Cash Flow-817.38M-413.73M-1.47B-1.57B-2.95B-2.21B-2.85B-4.49B-1.63B-398.35M357.21M-372.37M
Financing Cash Flow777.80M407.69M1.53B1.58B2.91B2.20B3.53B4.85B1.83B-360.82M967.77M-107.22M
Capital Expenditure1.91M285.00K6.23M257.00K5.48M338.00K2.41M1.55M11.38M6.48M11.00M289.00K
Free Cash Flow41.25M6.13M-60.28M-8.21M48.94M25.14M-81.30M-429.68M-41.95M962.27M-311.38M1.06B
Dividends Paid23.82M105.40M305.13M454.49M572.66M760.24M919.69M1.23B1.52B1.40B1.27B1.44B
FCF to OCF95.59%95.56%111.53%103.23%89.93%98.67%103.06%100.36%137.22%99.33%103.66%99.97%
Dividend Paid to FCF57.73%1718.79%-506.22%-5533.80%1170.23%3024.01%-1131.19%-285.80%-3615.20%145.93%-407.44%136.06%

Earnings

Report DateOct 15, 2026
EPS Estimate-
EPS Actual-
Surprise-
TimingAfter-hours

Key Statistics & Ratios

Market Cap15.45B
Enterprise Value23.47B
Trailing P/E10.06
Forward P/E14.81
Price / Sales4.90
Price / Book1.09
EPS1.77
Book Value16.69
Revenue (TTM)3.15B
Gross Profit (TTM)1.80B
EBITDA1.68B
Profit Margin51.73%
Operating Margin57.12%
Return on Equity11.26%
Return on Assets3.38%
Shares Outstanding868.24M
Shares Float845.13M
Beta0.33
Dividend Yield8.09%
Dividend Rate1.44
Payout Ratio76.97%

Dividends

20231×
88.02May 24, 2023
20222×
81.58Oct 26, 202284.61May 25, 2022
20212×
78.38Oct 20, 202180.56May 19, 2021
20202×
74.44Oct 28, 202076.96May 20, 2020
20192×
74.43Oct 30, 201970.31May 29, 2019
20182×
68.12Oct 31, 201862.88May 30, 2018
20172×
60.98Nov 1, 201755.93May 31, 2017
20162×
54.44Nov 2, 201651.18May 23, 2016
20153×
16.39Nov 2, 201529.03Sep 18, 201540.89Jun 1, 2015
20141×
20.37Nov 3, 2014