Top 10 REITs in South Africa
1. Growthpoint Properties
Growthpoint is a company that invests in real estate across different countries and regions. It has a large adiverse nd portfolio of properties, including office buildings, industrial warehouses, retail centers and healthcare facilities. Growthpoint Properties strives to create spaces that are sustainable, innovative, and beneficial for its tenants and communities.
Revenue: 13.74 billion
Market capitalization: 37.22 billion
Price/Earnings (2023): 15.78
2. Redefine Properties
Redefine is a firm that operates in the property sector, with a focus on owning, developing and managing quality properties. It has a diverse portfolio of properties, including office, industrial, retail and residential spaces. Redefine Properties is a people-centric brand that aims to provide its tenants, investors and employees with an exceptional experience.
Revenue: 9.53 billion
Market capitalization: 25.81 billion
Price/Earnings (2023): 3.33
3. Hyprop investments
Hyprop Investments is a company that specializes in retail-focused real estate in South Africa and Eastern Europe. It owns and manages a portfolio of mixed-use precincts that are anchored by dominant shopping centres in key economic hubs. Hyprop Investments strives to create spaces that connect people and offer exceptional experiences.
Revenue: 4.39 billion
Market capitalization: 11.73 billion
Price/Earnings (2023): 7.77
4. Fortress Real Estate Investments
Fortress Real Estate Investments is a company that invests in various types of properties in South Africa and Central and Eastern Europe. It develops and leases premium-grade logistics real estate, as well as convenience and commuter-oriented retail centers. It is listed on the Johannesburg Stock Exchange (JSE) and has a diversified portfolio of properties, including office, industrial, residential, hotel and other properties.
Revenue: 3.79 billion
Market capitalization: 22.17 billion
Price/Earnings (2023): 2.15
5. Resilient Reit
Resilient Reit is a company that invests in real estate in South Africa and other countries. It owns and manages a portfolio of properties, including shopping malls, office parks, and industrial estates. Resilient Reit is listed on the Johannesburg Stock Exchange (JSE) and has a strong focus on sustainability and social responsibility.
Revenue: 3.73 billion
Market capitalization: 14.55 billion
Price/Earnings (2023): 4.69
6. Vukile Property Fund
Vukile Property Fund is a company that invests in retail-focused real estate in South Africa and Spain. It owns and manages a portfolio of properties, including shopping malls, office parks, and industrial estates. Vukile Property Fund is listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX). It aims to provide its investors with stable and growing income streams from its potfolio of quality properties.
Revenue: 3.65 billion
Market capitalization: 13.82 billion
Price/Earnings (2023): 6.77
7. Equites Property Fund
Revenue: 3.21 billion
Market capitalization: 9.77 billion
Price/Earnings (2023): NA
8. Attacq
Revenue: 2.25 billion
Market capitalization: 6.08 billion
Price/Earnings (2023): 8.58
9. Investec Property Fund
Revenue: 1.82 billion
Market capitalization: 5.83 billion
Price/Earnings (2023): 29.89
10. Stor-Age Property REIT
Revenue: 1.07 billion
Market capitalization: 5.98 billion
Price/Earnings (2023): 8.32
Last Update: 24 September 2023
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