Oasis Crescent Property Fund

Oasis Crescent Property Fund

OAS · JSE · Real Estate / REIT - Diversified

2,940.00ZAC+1.00 (+0.03%)

Price History

Full chart

Market Stats

Previous Close2,939.00
Open2,939.00
Day Range2,939.00 – 2,940.00
52-Week Range2,051.00 – 3,100.00
Volume119
Market Cap1.96B
P/E (TTM)15.31
Forward P/E0.00
EPS1.92
Dividend Yield3.97%
Beta0.08
50-Day Avg2,937.18
200-Day Avg2,680.12

About

Oasis Crescent Property Fund is a well-diversified REIT invested in South African direct property investments, high quality global listed REITs and liquid instruments. The Fund is focused on meeting all tenant needs and maintaining world class facilities. The absence of debt and financial leverage delivers a more sustainable rate of growth during the normal course of operations but more importantly, the Fund is not exposed to the risk and negative effects of financial leverage during difficult times as we are currently experiencing. The objective of the Manager is to protect and grow the real wealth of investors by providing sustainable growth in Net Asset Value (NAV) and delivering a consistent income stream that has potential to grow. This objective is achieved through our diversification strategy and the active management of the direct property portfolio as covered in more detail under the Portfolio Overview section below. Our focused approach has delivered significant real wealth creation for investors with an annualised total unitholder return of 10.0% relative to annualised inflation of 5.5% since inception, resulting in a real return of 4.5%. The Fund's annualised total intrinsic value return is 11.3% per annum since inception. Oasis Crescent Property Fund was established on November 23, 2005 and incorporated in South Africa.

Company Details

  • SectorReal Estate
  • IndustryREIT - Diversified
  • CEOMr. Mohamed Shaheen Ebrahim
  • Employees0
  • HeadquartersOasis House, Cape Town, South Africa, 8000, South Africa
  • Websitehttps://www.oasis.co.za

Leadership

  • Mr. Mohamed Shaheen EbrahimExecutive Chairman of the Board of Oasis Crescent Property Fund Managers Limited · b. 1955
  • Mr. Michael Swingler C.A., C.F.A., CA(SA)Financial Director & Executive Director of Oasis Crescent Property Fund Managers Limited · b. 1971
  • Mr. Nazeem Ebrahim B.Proc., B.Soc.Sc.Company Secretary & Executive Director · b. 1957
  • Ms. Zahrah Ebrahim C.A.Executive Director of Oasis Crescent Property Fund Managers Limited · b. 1990

Financials

Income Statement

Currency: ZAR2015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue82.16M93.24M98.73M123.95M118.28M103.52M105.74M97.05M109.27M131.25M145.55M152.87M
Growth (%)-+13.49%+5.89%+25.54%-4.58%-12.48%+2.15%-8.22%+12.59%+20.12%+10.89%+5.03%
Cost of Revenue31.36M31.14M39.44M42.16M46.38M52.13M48.11M44.44M42.21M55.75M62.00M71.78M
Gross Profit50.80M62.10M59.29M81.80M71.90M51.38M57.63M52.61M67.66M75.39M79.23M81.09M
Gross Margin61.83%66.60%60.05%65.99%60.79%49.64%54.50%54.21%61.92%57.44%54.43%53.05%
Operating Expense1.49M1.83M763.00K833.00K823.00K740.00K1.01M-112.09M651.00K604.00K885.00K712.00K
Operating Income49.31M60.28M58.53M80.96M71.08M50.64M56.62M164.70M67.01M74.78M78.34M80.38M
Operating Margin60.02%64.64%59.28%65.32%60.09%48.92%53.54%169.70%61.33%56.98%53.82%52.58%
EBITDA---81.16M71.26M48.34M102.09M198.32M12.96M285.29M134.68M125.59M
EBITDA Margin---65.48%60.25%46.70%96.55%204.35%11.86%217.36%92.53%82.16%
Net Income69.59M86.25M78.42M118.72M155.21M48.17M101.89M198.12M12.76M285.07M134.45M125.34M
Net Income Margin84.70%92.50%79.43%95.78%131.22%46.54%96.36%204.14%11.68%217.19%92.37%81.99%
Interest Expense00000115.00K161.00K154.00K143.00K143.00K134.00K114.00K
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.11%0.15%0.16%0.13%0.11%0.09%0.07%

Balance Sheet

Currency: ZAR2015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets930.95M1.12B1.20B1.28B1.43B1.45B1.52B1.76B1.65B1.88B1.89B1.97B
Total Liabilities36.21M40.42M45.01M45.22M54.39M47.63M45.49M138.84M71.69M62.43M65.40M70.19M
Total Equity894.74M1.08B1.16B1.24B1.37B1.40B1.47B1.62B1.57B1.81B1.82B1.90B
Cash18.50M2.20M5.95M2.99M5.41M3.20M3.66M105.48M5.98M---

Cash Flow

Currency: ZAR2015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow49.85M59.58M58.15M59.66M69.16M57.50M61.51M138.06M-24.56M28.02M23.59M34.13M
Investing Cash Flow-42.13M-73.96M-77.23M-53.54M-55.75M-33.99M-28.10M17.05M----
Financing Cash Flow-2.36M-1.91M22.83M-9.09M-10.98M-25.72M-32.95M-53.28M----
Capital Expenditure245.00K260.00K260.00K54.00K134.00K134.00K29.00K2.00K28.52M5.89M6.18M16.42M
Free Cash Flow---46.86M37.75M29.92M28.71M112.31M-53.08M22.13M17.40M17.71M
Dividends Paid2.19M1.68M1.77M8.83M10.67M25.25M32.35M22.65M----
FCF to OCF---78.55%54.59%52.03%46.68%81.35%216.13%78.98%73.78%51.90%
Dividend Paid to FCF---18.84%28.27%84.41%112.68%20.17%----

Key Statistics & Ratios

Market Cap1.96B
Enterprise Value1.74B
Trailing P/E15.31
Forward P/E0.00
Price / Sales12.83
Price / Book1.03
EPS1.92
Book Value29.01
Revenue (TTM)152.87M
Gross Profit (TTM)82.43M
EBITDA80.51M
Profit Margin82.00%
Operating Margin53.14%
Return on Equity6.74%
Return on Assets2.61%
Shares Outstanding66.74M
Shares Float29.60M
Beta0.08
Dividend Yield3.97%
Dividend Rate1.17
Payout Ratio63.59%

Dividends

20231×
51.01Jun 7, 2023
20223×
47.12Nov 30, 20222.36Jul 27, 202241.89Jun 1, 2022
20212×
41.44Dec 1, 202145.04Jun 2, 2021
20202×
43.80Dec 2, 202048.79Jun 3, 2020
20192×
52.21Nov 27, 201957.45Jun 5, 2019
20182×
54.48Nov 28, 201850.01Jun 6, 2018
20172×
52.73Nov 29, 201752.06Jun 7, 2017
20162×
48.26Nov 30, 201655.05Jun 6, 2016
20152×
60.57Nov 16, 201551.70Jun 1, 2015
20142×
49.00Nov 10, 201442.05May 26, 2014
20132×
43.08Nov 11, 201343.72May 27, 2013
20122×
32.84Nov 5, 20123.19May 28, 2012