reports
EQUITES PROPERTY sees an upgrade to Positive due to a better fundament...
The general evaluation of EQUITES PROPERTY (ZA), a company active in the Real Estate Holding & Development industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date March 25, 2022, the closing price w...
Equites Property Fund Ltd: 1 director sold
A director at Equites Property Fund Ltd sold 900,000 shares at 21.058ZAR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...
- Daniel King
Equites Property Fund | Equites pre-close luncheon notes
We hosted the management team from Equites (EQU) for a pre-close luncheon on 29 and 30 August. Management provided us with an update on the acquisition and development pipeline as well as business conditions within SA and the UK. This note provides a summary of the important points made during the presentation and Q&A sessions on both days.
- Daniel King
Equites Property Fund | Icarus is flying
Equites (EQU) reported FY'18 DPS of 123.86c (+12.2% y/y), ahead of our expectation of 123.60c (+12.0% y/y). NAV per share increased by +8.8% y/y from R14.12 to R15.36, placing the counter on a 33% premium. During the period, a weighted average lease escalation rate of +7.9% in SA and positive rental reversions on renewals supported like-for-like NPI growth of +9%. Furthermore, all 7 leases which are due for renewal during FY'19 were renewed with rentals 6% above the exit rentals. In this...
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