SA Corporate is a JSE-listed Real Estate Investment Trust (REIT) and together with all its subsidiaries (the Group) owns a focused portfolio of quality industrial, retail and residential buildings located primarily in the major metropolitan areas of South Africa with a secondary node in Zambia. As at 31 December 2023, the property portfolio consisted of 267 properties, with 1 709 651 m2 of gross lettable area (GLA), valued at R17.7 billion, as well as a 50% joint venture interest in three Zambian entities, including a minority shareholding in Zambia’s only listed property company, valued at R1.8 billion.
Metrics to compare | SACJ | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipSACJPeersSector | |
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P/E Ratio | 11.4x | 6.2x | 8.3x | |
PEG Ratio | −0.24 | 0.02 | 0.01 | |
Price/Book | 0.7x | 0.7x | 0.9x | |
Price / LTM Sales | 2.5x | 3.4x | 3.7x | |
Upside (Analyst Target) | 0.5% | 8.3% | 19.5% | |
Fair Value Upside | Unlock | 6.7% | 3.2% | Unlock |