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Redefine Properties ZAR

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Sector: Property REIT

ZA_RDF

Price chart

6.52 ZARDay 2.52%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
6.52 ZAR · 2.52%
Market cap
44.0 bn ZAR

Growth

Δ revenue y/y
7.5%
Δ EBITDA y/y
4.7%

Multiples

P/E (LTM)
7.1x
P/B (FY)
0.8x
P/E (ann.)
6.1x
EV/EBITDA (LTM)
14.2x
EV/EBITDA (ann.)
14.2x

Cash return

Dividend yield
7.3%
FCF yield (LTM)
-0.4%

Value creation

fundamental value/yr, % of market cap
Value created / year
+4.7%
↓ details

Liquidity

Daily turnover (listing)
23.5 mln ZAR

Shares: yahoo_fundamentals_timeseries/RDF.JO

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial dynamics

Monetary columns are in B ZAR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB ZAROperating profitB ZARD&AB ZAREBITDAB ZARNet profitB ZAROperating CFB ZARCapex + M&AB ZARAssetsB ZAREquityB ZARROE (annualized)Net debtB ZARSource
2026-02-28H1 2026 (6M)PARTIAL—
y/y —
—
y/y —
0.0
y/y 25.7%
3.0
y/y 4.7%
3.6
y/y 140.9%
1.6—104.0
y/y 1.6%
56.5
y/y 4.5%
12.7%——
2025-08-31FY 2025 (12M)OK—
y/y —
5.9
y/y 1.2%
0.0
y/y —
3.0
y/y —
2.6
y/y —
1.60.3106.3
y/y 4.3%
56.7
y/y 7.0%
7.5%——
2025-02-28H1 2025 (6M)PARTIAL—
y/y —
—
y/y —
0.0
y/y —
2.9
y/y —
1.5
y/y —
1.8-0.4102.4
y/y —
54.1
y/y —
5.6%——
2024-08-31FY 2024 (12M)OK10.7
y/y 7.5%
5.8
y/y 11.1%
0.0
y/y 15.2%
5.9
y/y 11.1%
4.0
y/y 174.4%
2.90.0101.9
y/y 2.5%
53.0
y/y 2.0%
7.6%42.2—
2023-08-31FY 2023 (12M)OK9.9
y/y —
5.3
y/y —
0.0
y/y —
5.3
y/y —
1.4
y/y —
2.60.099.4
y/y —
51.9
y/y —
—39.2—
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values (ZAR mln)

02 5005 0007 50010 0002023 FY2024 FY2025 FY

Year-over-year change

0%5%10%2023 FY2024 FY2025 FY

Cash flow

FCF (ZAR mln)

01 0002 0003 0002023 FY2024 FY2025 FY

Net debt / cash (ZAR mln)

010 00020 00030 00040 0002023 FY2024 FY2025 FY

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +8% vs +20% the year before — a -12.7 pp move. 3-year CAGR +14%.
revenue growth by year: 2022 +15% · 2023 +20% · 2024 +8%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +6.9%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-02-28 vs 2025-02-28)
= (3 044 − 2 907) × 2.00
272
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (44 026 + 42 212) ÷ 6 081
14.2x
3. Target multiple
(Current EV/EBITDA + 8) ÷ 2
= (14.2 + 8) ÷ 2
11.1x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 0 + 0 + 0 − 0
0
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (272 × 11.1 + 0) ÷ 44 026
+6.9%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-2721.8329 ZAREx-dividend: 21.8329 ZAR per sharePaidYahoo Finance (ex-div)
2025-11-1925.4227 ZAREx-dividend: 25.4227 ZAR per sharePaidYahoo Finance (ex-div)
2025-05-2820.4153 ZAREx-dividend: 20.4153 ZAR per sharePaidYahoo Finance (ex-div)
2024-11-2722.2511 ZAREx-dividend: 22.2511 ZAR per sharePaidYahoo Finance (ex-div)
2024-05-2220.27 ZAREx-dividend: 20.27 ZAR per sharePaidYahoo Finance (ex-div)
2023-11-2223.48 ZAREx-dividend: 23.48 ZAR per sharePaidYahoo Finance (ex-div)
2023-05-2420.3219 ZAREx-dividend: 20.3219 ZAR per sharePaidYahoo Finance (ex-div)
2022-11-2319.2732 ZAREx-dividend: 19.2732 ZAR per sharePaidYahoo Finance (ex-div)
2022-06-0123.6937 ZAREx-dividend: 23.6937 ZAR per sharePaidYahoo Finance (ex-div)
2021-12-0160.1192 ZAREx-dividend: 60.1192 ZAR per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)