Redefine Properties Ltd traded at 634.00 this Monday February 2nd, increasing 10.00 or 1.60 percent since the previous trading session. Looking back, over the last four weeks, Redefine Properties gained 4.45 percent. Over the last 12 months, its price rose by 45.75 percent. Looking ahead, we forecast Redefine Properties Ltd to be priced at 608.46 by the end of this quarter and at 564.13 in one year, according to Trading Economics global macro models projections and analysts expectations.
Redefine Properties Limited is a South Africa-based real estate investment trust (REIT). The Company operates through its local and foreign segments. The local segment is divided into property sectors, including office, retail, industrial and specialized. The Company derives rental income from investments in office, retail, industrial and specialized properties, and distributions from listed security investments. The Company focuses on securing fully repairing leases with tenants, which allows it to service them fully. The Company manages a property asset platform, comprising local and international property investments. The Company's portfolio comprises a total of over 310 properties. Its properties are located in various locations, including Western Cape, Gauteng, KwaZulu-Natal, Limpopo and Mpumalanga.