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Vukile Property Fund Ltd

Vukile Property Fund Ltd

VKE · JSE · Real Estate / REIT - Retail

2,570.00ZAC+11.00 (+0.43%)

Price History

Full chart

Market Stats

Previous Close2,559.00
Open2,586.00
Day Range2,536.00 – 2,586.00
52-Week Range2,120.00 – 2,624.00
Volume2.73M
Market Cap36.71B
P/E (TTM)5.57
Forward P/E13.85
EPS4.42
Dividend Yield5.96%
Beta0.26
50-Day Avg2,420.30
200-Day Avg2,417.66

About

Vukile Property Fund Limited, the leading specialist retail real estate investment trust (REIT). Through its 99.5% held Spanish subsidiary Castellana Properties, has acquired the largest shopping centre in Spain Valencia province, the iconic Bonaire Shopping Centre, from multinational retail REIT Unibail-Rodamco-Westfield. The purchase consideration of EUR 305 million represents an attractive entry yield of approximately 7%. Vukile Property Fund Limited was formed in 2002 and is based in South Africa.

Company Details

  • SectorReal Estate
  • IndustryREIT - Retail
  • CEOMr. Laurence Gary Rapp BCom (Hons)
  • Employees0
  • Headquarters4th Floor, 11 Ninth Street, Johannesburg, South Africa, 2198, South Africa
  • Websitehttps://www.vukile.co.za

Leadership

  • Mr. Laurence Gary Rapp BCom (Hons)CEO & Executive Director · b. 1971
  • Mr. Laurence Richard Cohen BAcc, BCom, CA(SA)Debt Officer, CFO and Director of Transformation & Vukile Development Academy · b. 1974
  • Mr. Itumeleng Unathi MothibeliMD of Southern Africa & Executive Director · b. 1985
  • Ms. Lizelle E. PottasFinancial Director & Director · b. 1988
  • Mr. Omar KhanGroup Chief Investment Officer
  • Ms. Marijke CoetzeeDirector of Marketing & Communications
  • Mr. Johann NeethlingGroup Director of Human Capital & Governance · b. 1977
  • Werner StapelbergGroup Head of Strategic Finance and Tax
  • Mr. Maurice ShapiroGroup Head of Treasury & Listed Investments
  • Mr. Shadley SasmanCompany Secretary

Financials

Income Statement

Currency: ZAR2005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue400.95M567.69M575.58M619.95M679.49M749.11M850.49M1.03B1.25B1.54B1.70B2.34B1.80B2.02B2.83B3.50B3.05B3.48B3.65B3.98B4.53B6.09B
Growth (%)-+41.58%+1.39%+7.71%+9.60%+10.25%+13.53%+21.41%+21.03%+22.89%+10.77%+37.66%-23.00%+12.05%+40.32%+23.49%-12.88%+13.93%+5.09%+9.06%+13.76%+34.50%
Cost of Revenue137.99M201.17M195.75M208.85M235.61M267.06M293.60M334.42M484.83M555.43M619.76M780.58M717.97M705.89M932.18M1.13B1.25B1.24B1.27B1.36B1.49B1.95B
Gross Profit262.96M366.51M379.83M411.10M443.89M482.05M556.89M698.16M764.91M980.34M1.08B1.56B1.09B1.31B1.90B2.37B1.80B2.24B2.38B2.62B3.04B4.14B
Gross Margin65.58%64.56%65.99%66.31%65.33%64.35%65.48%67.61%61.21%63.83%63.57%66.67%60.18%65.06%67.12%67.75%58.89%64.37%65.25%65.88%67.05%67.95%
Operating Expense-21.91M-105.60M-90.00K11.65M11.43M23.78M-33.78M43.15M3.58M-29.32M-39.28M-15.05M-102.37M-195.78M-193.05M-256.00M840.00M-499.00M-559.00M412.00M473.00M298.00M
Operating Income284.87M472.12M379.92M399.45M432.46M458.27M590.67M655.00M761.33M1.01B1.12B1.58B1.19B1.51B2.10B2.63B956.00M2.74B2.94B2.21B2.56B3.84B
Operating Margin71.05%83.16%66.01%64.43%63.64%61.18%69.45%63.43%60.92%65.74%65.88%67.31%65.86%74.75%73.93%75.06%31.34%78.73%80.56%55.54%56.61%63.06%
EBITDA20.35M18.58M597.44M373.47M260.22M460.02M439.96M54.73M736.99M947.30M1.05B1.50B1.04B1.48B1.80B1.89B960.00M2.74B2.94B2.70B4.53B7.66B
EBITDA Margin5.08%3.27%103.80%60.24%38.30%61.41%51.73%5.30%58.97%61.68%61.49%63.96%57.43%73.04%63.56%53.96%31.48%78.91%80.64%67.76%99.87%125.66%
Net Income186.47M317.63M321.14M197.25M122.56M235.60M10.52M368.56M573.64M381.42M1.50B1.59B1.50B2.40B1.71B-103.00M584.00M1.91B1.93B1.59B3.21B5.74B
Net Income Margin46.51%55.95%55.79%31.82%18.04%31.45%1.24%35.69%45.90%24.84%88.18%67.73%83.16%118.89%60.30%-2.94%19.15%54.94%52.90%39.84%70.82%94.22%
Interest Expense259.90M343.10M139.02M124.06M131.36M145.34M161.80M437.22M742.07M940.55M267.02M389.52M355.76M352.99M461.00M560.00M641.00M692.00M794.00M1.05B1.21B1.43B
Interest Expense % of Total Revenue64.82%60.44%24.15%20.01%19.33%19.40%19.02%42.34%59.38%61.24%15.70%16.63%19.73%17.47%16.26%16.00%21.02%19.91%21.74%26.29%26.64%23.40%

Balance Sheet

Currency: ZAR2005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets3.24B3.85B4.16B4.54B4.72B5.63B6.18B6.76B9.45B11.68B14.53B18.36B17.52B23.33B35.13B40.06B35.99B34.73B40.08B44.24B53.82B64.44B
Total Liabilities3.03B3.37B3.33B3.44B3.58B4.24B4.77B4.98B6.82B8.57B4.18B5.87B4.33B7.48B14.17B20.56B17.07B16.07B18.65B20.28B24.49B28.45B
Total Equity181.23M472.27M836.14M1.10B1.15B1.38B1.40B1.78B2.63B3.11B9.83B11.93B13.11B15.77B18.66B17.54B17.36B17.57B20.08B23.80B27.87B34.27B
Cash24.06M79.68M187.01M41.41M60.81M214.32M337.81M215.95M1.27B298.18M473.89M582.46M1.33B1.09B1.14B1.56B1.00B565.00M1.39B2.35B2.13B3.58B
Total Debt2.70B2.85B2.69B2.74B2.82B3.36B3.79B3.79B6.20B7.92B3.87B5.41B3.94B6.90B12.98B18.46B15.45B14.79B17.33B19.03B22.61B23.49B
Net Debt2.68B2.77B2.50B2.69B2.76B3.15B3.45B3.58B4.94B7.62B3.39B4.83B2.61B5.81B11.84B16.90B14.44B14.22B15.95B16.68B20.48B19.91B

Cash Flow

Currency: ZAR2005-03-312006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow132.76M26.30M19.28M34.12M36.85M452.25M570.91M638.68M738.20M969.58M929.94M1.28B1.10B1.33B1.79B2.42B1.18B2.05B2.09B2.25B2.62B2.46B
Investing Cash Flow-2.24B-204.42M236.08M-225.73M-100.80M-410.11M-371.78M-167.45M-1.45B-2.75B17.30M-2.12B429.23M-4.60B-7.36B-2.36B930.00M356.00M-99.00M-479.00M-7.25B-5.23B
Financing Cash Flow2.13B233.74M-148.02M46.01M83.34M111.38M-75.64M-593.10M1.76B815.01M-771.53M1.30B-1.14B3.03B5.62B247.00M-2.74B-2.82B-1.28B-832.00M4.47B4.57B
Capital Expenditure254.00K83.00K17.00K182.36M40.00K59.83M628.26M1.03M4.79M1.32M317.00K106.47M13.25M1.91M20.74M422.00M48.00M3.00M6.00M3.00M3.00M16.00M
Free Cash Flow132.51M26.22M19.26M-148.24M36.81M392.42M-57.35M637.66M733.41M968.26M929.62M1.18B1.09B1.33B1.76B2.00B1.13B2.05B2.08B2.24B2.61B2.44B
Dividends Paid-------426.23M481.76M649.07M745.52M937.49M1.05B1.18B1.52B1.87B556.00M1.38B1.16B1.22B1.49B1.87B
FCF to OCF99.81%99.68%99.91%-434.50%99.89%86.77%-10.05%99.84%99.35%99.86%99.97%91.70%98.80%99.86%98.84%82.54%95.93%99.85%99.71%99.87%99.89%99.35%
Dividend Paid to FCF-------66.84%65.69%67.03%80.20%79.72%96.12%88.63%86.03%93.58%49.20%67.09%55.69%54.46%56.89%76.52%

Key Statistics & Ratios

Market Cap36.71B
Enterprise Value55.91B
Trailing P/E5.57
Forward P/E13.85
Price / Sales5.99
Price / Book1.05
EPS4.42
Book Value25.03
Revenue (TTM)6.13B
Gross Profit (TTM)4.18B
EBITDA3.64B
Profit Margin93.65%
Operating Margin60.87%
Return on Equity18.72%
Return on Assets3.84%
Shares Outstanding1.49B
Shares Float1.36B
Beta0.26
Dividend Yield5.96%
Dividend Rate1.44
Payout Ratio30.94%

Dividends

20231×
65.11Jun 28, 2023
20222×
47.32Dec 21, 202265.29Jun 29, 2022
20212×
40.56Dec 22, 2021101.04Jul 21, 2021
20201×
48.19Oct 14, 2020
20192×
80.84Dec 18, 2019103.38Jun 19, 2019
20182×
78.10Dec 19, 201896.17Jun 20, 2018
20172×
72.65Dec 13, 201789.10Jun 21, 2017
20162×
67.65Dec 13, 201683.13Jun 10, 2016
20152×
63.22Dec 11, 201577.69Jun 12, 2015
20142×
59.09Dec 12, 201471.67Jun 13, 2014
20133×
54.81Dec 9, 201313.83Nov 25, 20130.15Jun 14, 2013
20122×
0.12Dec 10, 20120.14Apr 5, 2012
20111×
0.11Dec 9, 2011