Investec Property Fund

Company Description

Burstone Group Limited is a South Africa-based fully integrated international real estate business. The Company invest in assets in select markets across the world. Its property portfolio includes South Africa, Europe, and Australia. The South African portfolio comprises of over 62 properties diversified across retail, industrial and office sectors. In Europe, the Company has 83.15% investment in a Pan-European logistics (PEL) portfolio. The underlying portfolio comprises of over 32 logistics properties that are located in seven jurisdictions across Europe, including the regions of Germany, France and Benelux. It also has a 19.9% interest in Smithfield, an industrial property. In Australia, the Company has an 18.67% investment in the Irongate Templewater Australia Property Fund and its 50/50 joint venture with Irongate Group. The Company is also engaged in the asset management business. South African portfolio includes Alrode Multipark, 25 Nguni Drive, 23 Nguni Drive and others.

Analysis

ANALYSIS: With an Obermatt 360° View of 32 (better than 32% compared with alternatives), overall professional sentiment and financial characteristics for the stock Investec Property Fund are below the industry average. The 360° View is based on consolidating four consolidated indicators, with half of the metrics below and half above average for Investec Property Fund. The consolidated Value Rank has an attractive rank of 82, which means that the share price of Investec Property Fund is on the lower side compared with the typical size in indicators such as revenues, profits, and invested capital. This means the stock price is lower than for 82% of alternative stocks in the same industry. The consolidated Growth Rank has a good rank of 54, which means that the company experiences above-average growth momentum when looking at financial metrics such as revenue, profit, and invested capital growth as well as stock returns. But the professional market sentiment is below average compared with other stock investment alternatives with a Sentiment Rank of 22. Professional investors are more confident in 78% other stocks. Worryingly, the company has risky financing, with a Safety rank of 8. This means 92% of comparable companies have a safer financing structure than Investec Property Fund. ...read more

Country

South Africa

Industry REITs: Diversified

Size X-Small

Website investecpropertyfund.com

Index

R/E Growth Markets

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