SA Corporate Real Estate Limited

SAC

ZAE000203238

Diversified REITs

End-of-day quote Johannesburg S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
2.57 ^ZAR	+1.18%		+2.80%	+10.78%

Apr. 25	SA Corporate Real Estate Limited Announces the Appointment of Samson Joel Mojalefa as Executive Director	CI
Apr. 19	SA Corporate Real Estate Limited Announces Resignation of Gloria Zandile Ningi Khumalo as Independent Non-Executive Director and as Member of Audit and Risk Committee and Remuneration Committee	CI

SA Corporate Real Estate Limited Reports Earnings Results for the Full Year Ended December 31, 2023

March 28, 2024 at 05:16 am EDT

SA Corporate Real Estate Limited reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was ZAR 2,480.46 million compared to ZAR 2,042.49 million a year ago. Net income was ZAR 1,208.96 million compared to ZAR 819.31 million a year ago.

Basic earnings per share from continuing operations was ZAR 0.4854 compared to ZAR 0.3291 a year ago. Diluted earnings per share from continuing operations was ZAR 0.4834 compared to ZAR 0.3277 a year ago.

Latest news about SA Corporate Real Estate Limited

SA Corporate Real Estate Limited Announces the Appointment of Samson Joel Mojalefa as Executive Director	Apr. 25	CI
SA Corporate Real Estate Limited Announces Resignation of Gloria Zandile Ningi Khumalo as Independent Non-Executive Director and as Member of Audit and Risk Committee and Remuneration Committee	Apr. 19	CI
SA Corporate Real Estate Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 28	CI
SA Corporate Real Estate Limited Declares Income Distribution for the Period 1 July 2023 to 31 December 2023, Payable on 22 April 2024	Mar. 27	CI
Royal Bank of Canada Chief Legal Officer Expands Role to Include Administrative, Strategy Role	Mar. 20	DJ
Axis Capital Appoints Global Chief Information Officer	Feb. 28	MT
Emira Property Fund Limited completed the acquisition of remaining 31.85% stake in Transcend Residential Property Fund Limited (JSE : TPF) from SA Corporate Real Estate Limited, International Housing Solutions (RF) Proprietary Limited and IHS (SAWHF Interest) Proprietary Limited.	Nov. 15	CI
Catalyst Fund Managers Ltd. acquired unknown minority stake in SA Corporate Real Estate Limited.	23-10-08	CI
Trane Technologies to Acquire Nuvolo for Undisclosed Sum	23-10-02	MT
SA Corporate Real Estate Posts Lower H1 Attributable Profit; Revenue Up	23-09-15	MT
SA Corporate Real Estate Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-14	CI
Emira Property Fund Limited made an offer to acquire remaining 31.85% stake in Transcend Residential Property Fund Limited (JSE : TPF) from SA Corporate Real Estate Limited, International Housing Solutions (RF) Proprietary Limited and IHS (SAWHF Interest) Proprietary Limited for approximately ZAR 330 million	23-08-17	CI
South African Stocks Slip as Fitch Revises Economic Growth Outlook	23-07-18	MT
SA Corporate Real Estate's Indluplace Takeover Becomes Unconditional	23-07-18	MT
Indluplace Properties Shareholders Approve Takeover by SA Corporate Real Estate	23-06-05	MT
Sa Corporate Real Estate Limited Approves Election of Ms Gzn Khumalo as A Member of the Audit and Risk Committee	23-06-05	CI
Sun Life Releases 2022 Sustainability Report	23-03-29	MT
SA Corporate Real Estate Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-17	CI
SA Corporate Real Estate Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-17	CI
South African Stocks Make Further Gains After Ending Seven-day Losing Streak	23-03-17	MT
SA Corporate Real Estate Posts Higher FY22 Profit	23-03-17	MT
SA Corporate Real Estate Limited Declares Distribution for the Period 1 July 2022 to 31 December 2022, Payable on 11 April 2023	23-03-16	CI
South African Shares on Track to Extend Six-day Red Streak	23-03-15	MT
Fairvest to Vote Indluplace Stake to Support SA Corporate Real Estate Bid	23-03-15	MT
SA Corporate Real Estate Offers to Acquire Indluplace Properties	23-03-15	MT

Chart SA Corporate Real Estate Limited

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Company Profile

SA Corporate Real Estate Fund Limited specializes in owning and managing real estate assets located in South Africa. Revenues break down by type of assets as follows: - commercial premises (44.7%); - industrial sites (26.4%); - other (28.9%). At the end of 2019, the group's portfolio, consisting of 193 buildings of a total leasing area of 1,496,204 m2, amounted, in market value, to ZAR17,372.8 million broken down into commercial premises (46.7%), industrial sites (25.7%) and other (27.6%).

Sector

Diversified REITs

Calendar

2024-09-11 - Q2 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.62 ZAR

Average target price

2.6 ZAR

Spread / Average Target

-0.76%

Consensus

Chiffre d''affaires - Rate of surprise

Company calendar

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