What is Redefine Properties (RDF)'s P/E ratio?

Redefine Properties (RDF) trades at a P/E of 7.0x (price to trailing 12-month earnings).

What is Redefine Properties (RDF)'s EV/EBITDA?

Redefine Properties (RDF) trades at 124.5x EV/EBITDA.

What is Redefine Properties (RDF)'s P/B ratio?

Redefine Properties (RDF) trades at a P/B of 0.8x.

What is Redefine Properties (RDF)'s dividend yield?

Redefine Properties (RDF)'s trailing 12-month dividend yield is 7.7%.

What is Redefine Properties (RDF)'s return on equity (ROE)?

Redefine Properties (RDF)'s ROE is 13.2%.

What is Redefine Properties (RDF)'s market capitalization?

Redefine Properties (RDF)'s market cap is 2.6 bn USD.

Redefine Properties (RDF) Stock — Financials, Valuation & Dividends

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 results

Monetary columns are in M USD, 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.

Date	Period	Status	RevenueM USD	Operating profitM USD	D&AM USD	EBITDAM USD	Net profitM USD	Operating CFM USD	Capex + M&AM USD	AssetsM USD	EquityM USD	ROE (annualized)	Net debtM USD	Source
2026-02-28	H1 2026 (6M)	OK	344.9 y/y 19.2% y/y 19.2%	187.1 y/y 20.2% y/y 20.2%	0.5 y/y 44.5% y/y 44.5%	187.7 y/y 20.3% y/y 20.3%	222.1 y/y 176.8% y/y 176.8%	99.9	—	6526.7 y/y 17.5%	3546.7 y/y 20.8%	13.2%	41928.9	Link
2025-08-31	H2 2025 (6M)	OK	319.3 y/y 5.2% y/y 5.9%	168.6 y/y 2.2% y/y 0.7%	1.4 y/y 20.1% y/y 76.8%	170.0 y/y 2.3% y/y 1.0%	146.2 y/y 5.1% y/y -7.2%	91.2	14.1	5994.9 y/y 3.6%	3195.6 y/y 6.3%	7.4%	42532.7	Link
2025-02-28	H1 2025 (6M)	OK	289.4 y/y 4.5% y/y 4.5%	155.7 y/y 4.0% y/y 4.0%	0.3 y/y -47.1% y/y -47.1%	156.0 y/y 3.8% y/y 3.8%	80.2 y/y 38.3% y/y 38.3%	99.0	-22.7	5552.8 y/y 4.2%	2935.6 y/y 5.9%	5.4%	41178.5	Link
2024-08-31	H2 2024 (6M)	OK	301.5 y/y 6.0% y/y 11.9%	167.5 y/y 9.5% y/y 20.9%	0.8 y/y 13.5% y/y -4.6%	168.3 y/y 9.5% y/y 20.7%	157.5 y/y 170.4% y/y 360.4%	97.4	104.5	5783.8 y/y 9.3%	3005.7 y/y 8.7%	7.5%	42211.6	—
2024-02-29	H1 2024 (6M)	OK	277.0 y/y 0.1% y/y 0.1%	149.6 y/y -0.9% y/y -0.9%	0.7 y/y 46.4% y/y 46.4%	150.3 y/y -0.8% y/y -0.8%	58.0 y/y 27.5% y/y 27.5%	61.6	-129.0	5328.0 y/y 0.7%	2772.8 y/y -1.2%	4.2%	42979.4	Link
2023-08-31	H2 2023 (6M)	OK	269.4 y/y — y/y —	138.6 y/y — y/y —	0.8 y/y — y/y —	139.4 y/y — y/y —	34.2 y/y — y/y —	73.4	56.6	5292.9 y/y —	2764.3 y/y —	2.9%	39213.2	—
2023-02-28	H1 2023 (6M)	OK	276.6 y/y — y/y —	151.1 y/y — y/y —	0.4 y/y — y/y —	151.5 y/y — y/y —	45.5 y/y — y/y —	69.1	-62.7	5290.4 y/y —	2805.8 y/y —	—	38788.8	Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values (ZAR mln)

Year-over-year change

Cash flow

FCF (ZAR mln)

Net debt / cash (ZAR mln)

Profit and cash

Worth a look

In a typical year of 2021–2025 operating cash flow came to 0.84x of reported net profit; after capex, 0.78x.

year	2021	2022	2023	2024	2025
cash flow / profit	0.84x	0.30x	1.79x	0.74x	0.84x
accruals, % of assets	0.6%	6.6%	-1.1%	1.0%	0.6%

Last twelve months (to 2026-02-28): 0.29x of profit came back as operating cash flow.

net debt / EBITDA 7.2x · capex 0.5x of depreciation

● In a typical year operating cash flow covered 84% of reported profit (5 profitable years).

● Net debt / EBITDA 7.2x at the last full year.

Real estate: profit carries investment-property revaluations and, for developers, buyer money that sits in escrow until handover - neither passes through operating cash flow, so profit above cash is structural here. Judge the leverage against escrow coverage and against the rent roll, not against this ratio.

Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

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

Value created per year: +15.5%

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) = (188 − 156) × 1.92	61
2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (2 586 + 41 929) ÷ 359	30.0x — capped at 30x
3. Target multiple (Current EV/EBITDA + 8) ÷ 2 = (30.0 + 8) ÷ 2	19.0x
4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = -750 + 0 + 0 − 0	-750
5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (61 × 19.0 + -750) ÷ 2 586	+15.5%

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

Caveats:

half-year basis (semi-annual reporter)
capex unavailable — FCF approximated by FY OCF
dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth decelerating ▼

Last-year revenue growth +4% vs +8% the year before — a -3.4 pp move. 3-year CAGR +10%.

revenue growth by year: 2023 +20% · 2024 +8% · 2025 +4%

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).

Dividends

Paid (completed)

Date	Per share	Details	Status	Source
2026-05-27	21.8329 ZAR	Ex-dividend: 21.8329 ZAR per share	Paid	Yahoo Finance (ex-div)
2025-11-19	25.4227 ZAR	Ex-dividend: 25.4227 ZAR per share	Paid	Yahoo Finance (ex-div)
2025-05-28	20.4153 ZAR	Ex-dividend: 20.4153 ZAR per share	Paid	Yahoo Finance (ex-div)
2024-11-27	22.2511 ZAR	Ex-dividend: 22.2511 ZAR per share	Paid	Yahoo Finance (ex-div)
2024-05-22	20.27 ZAR	Ex-dividend: 20.27 ZAR per share	Paid	Yahoo Finance (ex-div)
2023-11-22	23.48 ZAR	Ex-dividend: 23.48 ZAR per share	Paid	Yahoo Finance (ex-div)
2023-05-24	20.3219 ZAR	Ex-dividend: 20.3219 ZAR per share	Paid	Yahoo Finance (ex-div)
2022-11-23	19.2732 ZAR	Ex-dividend: 19.2732 ZAR per share	Paid	Yahoo Finance (ex-div)
2022-06-01	23.6937 ZAR	Ex-dividend: 23.6937 ZAR per share	Paid	Yahoo Finance (ex-div)
2021-12-01	60.1192 ZAR	Ex-dividend: 60.1192 ZAR per share	Paid	Yahoo 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)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Redefine Properties (RDF) — from primary filings.

Redefine Properties is a real estate investment trust that owns and manages a diversified portfolio of retail, office, and industrial properties in South Africa, along with retail, logistics, and self-storage assets in Poland.

Redefine Properties (RDF) USD

Price chart

Key metrics

Market

Growth

Multiples

Cash return

Value creation

Liquidity