YOLFTbeta
Texton Property Fund Ltd

Texton Property Fund Ltd

TEX · JSE · Real Estate / REIT - Office

256.00ZAC+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close256.00
Open256.00
Day Range256.00 – 256.00
52-Week Range240.00 – 450.00
Volume5.18K
Market Cap715.44M
P/E (TTM)24.00
Forward P/E12.85
EPS0.10
Dividend Yield0.00%
Beta0.23
50-Day Avg277.46
200-Day Avg306.77

About

Texton Property Fund Limited is a JSE-listed real estate investment trust (REIT) that offers shareholders access to global direct and indirect real estate investments, which aim to deliver sustainable, risk-adjusted returns. Our direct property portfolio is valued at R1,9 billion as of 30 June 2025 (2024: R2,1 billion) and our international indirect property investment portfolio amounts to R415,4 million (2024: R443,1 million). The direct property portfolio includes commercial and retail properties. Texton is focused on robust and disciplined capital allocation. We are strategically reinvesting heavily into our direct property investments which are in centralized nodes in both South Africa and the United Kingdom and deploying capital into high-quality property investments in developed markets with best-in-class asset managers. Texton Property Fund Limited was incorporated in 2009.

Company Details

  • SectorReal Estate
  • IndustryREIT - Office
  • CEOMr. Jonathan Henri Rens BSc, MAQS, RQS
  • Employees0
  • HeadquartersBlock D, Vunani Office Park, Sandton, South Africa, 2031, South Africa
  • Websitehttps://www.texton.co.za

Leadership

  • Mr. Jonathan Henri Rens BSc, MAQS, RQSCEO & Director · b. 1965
  • Mr. H. S. Pienaar WellemanCFO & Executive Director · b. 1988
  • William SomervilleCompany Secretary

Financials

Income Statement

Currency: ZAR2014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-30
Total Revenue273.60M413.68M572.23M598.83M588.91M555.66M519.18M441.69M333.21M298.69M272.90M259.92M
Growth (%)-+51.20%+38.33%+4.65%-1.66%-5.65%-6.57%-14.93%-24.56%-10.36%-8.63%-4.76%
Cost of Revenue99.16M142.10M171.52M158.07M166.58M191.93M174.40M166.32M144.06M116.01M112.42M111.59M
Gross Profit174.44M271.57M400.71M440.76M422.33M363.74M344.78M275.37M189.15M182.68M160.48M148.33M
Gross Margin63.76%65.65%70.03%73.60%71.71%65.46%66.41%62.34%56.77%61.16%58.80%57.07%
Operating Expense4.69M9.13M37.13M38.16M39.75M34.22M47.40M41.84M41.72M41.41M36.77M42.84M
Operating Income169.75M262.44M363.58M402.60M382.58M329.51M297.38M233.53M147.43M141.28M123.71M105.49M
Operating Margin62.04%63.44%63.54%67.23%64.96%59.30%57.28%52.87%44.25%47.30%45.33%40.58%
EBITDA---461.13M30.21M-347.07M90.59M284.72M134.45M62.83M98.42M181.87M
EBITDA Margin---77.01%5.13%-62.46%17.45%64.46%40.35%21.04%36.06%69.97%
Net Income256.52M351.90M323.89M304.86M-116.70M-537.94M-130.50M202.00M38.05M-14.15M-13.95M97.87M
Net Income Margin93.76%85.07%56.60%50.91%-19.82%-96.81%-25.14%45.73%11.42%-4.74%-5.11%37.65%
Interest Expense00000150.73M135.48M81.83M76.90M91.20M104.64M77.61M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%27.13%26.09%18.53%23.08%30.53%38.34%29.86%

Balance Sheet

Currency: ZAR2014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-30
Total Assets2.33B4.70B5.82B5.55B5.32B4.49B4.21B3.64B3.41B3.14B2.97B2.47B
Total Liabilities741.17M1.82B2.23B2.23B3.03B2.37B2.24B1.52B1.45B1.04B1.05B757.36M
Total Equity1.59B2.88B3.59B3.32B2.30B2.12B1.97B2.12B1.96B2.10B1.92B1.71B
Cash64.45M220.38M124.00M154.42M93.67M323.99M142.19M360.08M122.28M280.12M261.04M117.17M
Net Debt----2.18B1.93B1.94B990.05M1.22B701.38M726.39M592.02M

Cash Flow

Currency: ZAR2014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-30
Operating Cash Flow137.53M181.67M355.66M480.09M-245.24M-26.59M11.81M140.90M-83.62M65.59M48.09M-46.84M
Investing Cash Flow-364.91M-518.69M-1.33B-143.06M--------
Financing Cash Flow268.27M492.27M875.30M-342.00M--------
Capital Expenditure1.34M1.34M604.00K1.04M515.00K910.00K2.17M5.45M3.32M1.38M2.66M2.75M
Free Cash Flow---121.14M-245.75M-27.50M9.64M135.45M-86.94M64.21M45.43M-49.59M
Dividends Paid111.36M166.00M367.77M350.71M--------
FCF to OCF---25.23%100.21%103.42%81.66%96.13%103.97%97.89%94.47%105.88%
Dividend Paid to FCF---289.51%--------

Key Statistics & Ratios

Market Cap715.44M
Enterprise Value1.41B
Trailing P/E24.00
Forward P/E12.85
Price / Sales2.63
Price / Book0.55
EPS0.10
Book Value4.59
Revenue (TTM)272.13M
Gross Profit (TTM)154.95M
EBITDA114.67M
Profit Margin12.20%
Operating Margin39.48%
Return on Equity2.08%
Return on Assets2.88%
Shares Outstanding298.10M
Shares Float85.49M
Beta0.23
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio633.60%

Dividends

20222×
7.00Oct 19, 202210.00Apr 6, 2022
20212×
37.47Oct 6, 202110.00Apr 6, 2021
20201×
16.09Mar 25, 2020
20192×
35.19Oct 9, 201936.18Mar 27, 2019
20182×
41.36Oct 17, 201847.95Mar 27, 2018
20172×
54.85Sep 20, 201747.95Mar 29, 2017
20162×
52.16Sep 28, 201651.52Mar 17, 2016
20152×
50.09Oct 12, 201543.96Mar 23, 2015
20142×
44.73Sep 15, 201439.35Mar 24, 2014
20132×
38.61Sep 16, 201337.04Mar 15, 2013
20122×
33.11Oct 8, 201226.32Mar 30, 2012

Stock Splits

  • Sep 14, 2015617:607
  • Jul 29, 2013762:755