Redefine Properties Ltd
Redefine Properties Limited is a Real Estate Investment Trust (REIT) with a sectoral and geographically diversified property asset platform valued at R103.2 billion (FY24: R99.6 billion). Redefine's portfolio is predominantly anchored in South Africa through directly held and managed retail, office and industrial properties, which is complemented by a strong presence in retail, logistics and self… Read more
Redefine Properties Ltd (RDF) - Net Assets
Latest net assets as of August 2025: ZAC56.67 Billion ZAC
Based on the latest financial reports, Redefine Properties Ltd (RDF) has net assets worth ZAC56.67 Billion ZAC as of August 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC106.32 Billion) and total liabilities (ZAC49.65 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC56.67 Billion |
| % of Total Assets | 53.3% |
| Annual Growth Rate | 21.07% |
| 5-Year Change | 44.0% |
| 10-Year Change | 14.17% |
| Growth Volatility | 47.13 |
Redefine Properties Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Redefine Properties Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Redefine Properties Ltd (2005–2025)
The table below shows the annual net assets of Redefine Properties Ltd from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | ZAC56.67 Billion | +6.46% |
| 2024-08-31 | ZAC53.24 Billion | +0.67% |
| 2023-08-31 | ZAC52.88 Billion | +7.26% |
| 2022-08-31 | ZAC49.30 Billion | +25.26% |
| 2021-08-31 | ZAC39.36 Billion | +1.36% |
| 2020-08-31 | ZAC38.83 Billion | -31.36% |
| 2019-08-31 | ZAC56.57 Billion | -2.72% |
| 2018-08-31 | ZAC58.15 Billion | +8.11% |
| 2017-08-31 | ZAC53.79 Billion | +8.35% |
| 2016-08-31 | ZAC49.64 Billion | +9.96% |
| 2015-08-31 | ZAC45.15 Billion | +26.33% |
| 2014-08-31 | ZAC35.74 Billion | +22.55% |
| 2013-08-31 | ZAC29.16 Billion | +36.62% |
| 2012-08-31 | ZAC21.34 Billion | +25.14% |
| 2011-08-31 | ZAC17.06 Billion | +12.87% |
| 2010-08-31 | ZAC15.11 Billion | +14.48% |
| 2009-08-31 | ZAC13.20 Billion | +199.71% |
| 2008-08-31 | ZAC4.40 Billion | +7.22% |
| 2007-08-31 | ZAC4.11 Billion | +90.97% |
| 2006-08-31 | ZAC2.15 Billion | +73.85% |
| 2005-08-31 | ZAC1.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Redefine Properties Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 105064300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ZAC51.01 Billion | 90.53% |
| Other Comprehensive Income | ZAC6.39 Billion | 11.34% |
| Total Equity | ZAC56.35 Billion | 100.00% |
Redefine Properties Ltd Competitors by Market Cap
The table below lists competitors of Redefine Properties Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WEBSTEP ASA NK 1
F:5ZF
|
$25.16 Million |
|
Echomarketing Co.Ltd
KQ:230360
|
$25.16 Million |
|
Cynata Therapeutics Limited
PINK:CYYNF
|
$25.18 Million |
|
Crown Crafts Inc
NASDAQ:CRWS
|
$25.18 Million |
|
Infrea AB
ST:INFREA
|
$25.13 Million |
|
DELFINGEN IND.INH.EO 153
F:HBS
|
$25.13 Million |
|
Kuk Young G&M Co. Ltd
KQ:006050
|
$25.13 Million |
|
Blue Biofuels Inc
OTCQB:BIOF
|
$25.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Redefine Properties Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 52,961,744,000 to 56,349,736,000, a change of 3,387,992,000 (6.4%).
- Net income of 4,128,434,000 contributed positively to equity growth.
- Dividend payments of 2,931,074,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,277,254,000.
- Other factors increased equity by 913,378,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC4.13 Billion | +7.33% |
| Dividends Paid | ZAC2.93 Billion | -5.2% |
| Other Comprehensive Income | ZAC1.28 Billion | +2.27% |
| Other Changes | ZAC913.38 Million | +1.62% |
| Total Change | ZAC- | 6.40% |
Book Value vs Market Value Analysis
This analysis compares Redefine Properties Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 74.89x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 239.23x to 74.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-08-31 | ZAC2.53 | ZAC605.00 | x |
| 2006-08-31 | ZAC4.17 | ZAC605.00 | x |
| 2007-08-31 | ZAC5.51 | ZAC605.00 | x |
| 2008-08-31 | ZAC5.14 | ZAC605.00 | x |
| 2009-08-31 | ZAC12.66 | ZAC605.00 | x |
| 2010-08-31 | ZAC5.43 | ZAC605.00 | x |
| 2011-08-31 | ZAC5.51 | ZAC605.00 | x |
| 2012-08-31 | ZAC7.44 | ZAC605.00 | x |
| 2013-08-31 | ZAC8.51 | ZAC605.00 | x |
| 2014-08-31 | ZAC8.95 | ZAC605.00 | x |
| 2015-08-31 | ZAC12.06 | ZAC605.00 | x |
| 2016-08-31 | ZAC10.97 | ZAC605.00 | x |
| 2017-08-31 | ZAC10.55 | ZAC605.00 | x |
| 2018-08-31 | ZAC10.77 | ZAC605.00 | x |
| 2019-08-31 | ZAC10.31 | ZAC605.00 | x |
| 2020-08-31 | ZAC7.05 | ZAC605.00 | x |
| 2021-08-31 | ZAC7.21 | ZAC605.00 | x |
| 2022-08-31 | ZAC7.90 | ZAC605.00 | x |
| 2023-08-31 | ZAC7.67 | ZAC605.00 | x |
| 2024-08-31 | ZAC7.81 | ZAC605.00 | x |
| 2025-08-31 | ZAC8.08 | ZAC605.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Redefine Properties Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.50%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.89x
- Recent ROE (7.33%) is below the historical average (8.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 56.64% | 159.78% | 0.11x | 3.22x | ZAC577.08 Million |
| 2006 | 30.92% | 125.98% | 0.09x | 2.84x | ZAC450.02 Million |
| 2007 | 19.11% | 94.64% | 0.08x | 2.39x | ZAC374.33 Million |
| 2008 | -3.59% | -17.11% | 0.09x | 2.44x | ZAC-597.73 Million |
| 2009 | -2.20% | -25.69% | 0.04x | 1.97x | ZAC-1.61 Billion |
| 2010 | 7.74% | 35.66% | 0.09x | 2.42x | ZAC-327.14 Million |
| 2011 | -3.51% | -14.85% | 0.08x | 3.00x | ZAC-2.00 Billion |
| 2012 | 1.71% | 8.44% | 0.09x | 2.33x | ZAC-1.66 Billion |
| 2013 | 14.53% | 99.87% | 0.07x | 1.96x | ZAC1.13 Billion |
| 2014 | 10.41% | 60.92% | 0.10x | 1.76x | ZAC135.78 Million |
| 2015 | 12.02% | 79.65% | 0.10x | 1.55x | ZAC910.55 Million |
| 2016 | 9.25% | 68.69% | 0.08x | 1.62x | ZAC-370.39 Million |
| 2017 | 6.23% | 42.71% | 0.09x | 1.71x | ZAC-2.01 Billion |
| 2018 | 11.40% | 77.89% | 0.09x | 1.71x | ZAC807.34 Million |
| 2019 | 5.97% | 37.53% | 0.09x | 1.84x | ZAC-2.25 Billion |
| 2020 | -43.40% | -189.13% | 0.11x | 2.15x | ZAC-20.44 Billion |
| 2021 | 6.96% | 38.16% | 0.09x | 1.93x | ZAC-1.19 Billion |
| 2022 | 17.86% | 105.42% | 0.09x | 1.90x | ZAC3.83 Billion |
| 2023 | 2.79% | 14.60% | 0.10x | 1.91x | ZAC-3.75 Billion |
| 2024 | 7.49% | 37.24% | 0.10x | 1.92x | ZAC-1.33 Billion |
| 2025 | 7.33% | 37.50% | 0.10x | 1.89x | ZAC-1.51 Billion |
Industry Comparison
This section compares Redefine Properties Ltd's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $6,092,630,567
- Average return on equity (ROE) among peers: 0.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Redefine Properties Ltd (RDF) | ZAC56.67 Billion | 56.64% | 0.88x | $25.15 Million |
| aReit Prop Ltd (APO) | $913.92 Million | -1.01% | 0.00x | $17.94K |
| Attacq (ATT) | $13.90 Billion | 4.53% | 0.97x | $6.06 Million |
| Burstone Group Limited (BTN) | $14.65 Billion | 11.65% | 1.13x | $3.98 Million |
| Emira Property Fund (EMI) | $7.35 Billion | 6.36% | 0.81x | $3.32 Million |
| Growthpoint Properties Ltd (GRT) | $2.69 Billion | -37.36% | 22.82x | $30.34 Million |
| Oasis Crescent Property Fund (OAS) | $1.08 Billion | 7.96% | 0.04x | $388.09K |
| Octodec (OCT) | $6.42 Billion | 3.37% | 0.78x | $2.07 Million |
| Rebosis Property Fund Ltd (REA) | $3.19 Billion | -9.14% | 3.24x | $91.53K |
| Rebosis (REB) | $4.64 Billion | 14.78% | 0.69x | $91.53K |