Texton is a JSE Limited ("JSE")-listed real estate investment trust ("REIT") that offers shareholders access to global direct and indirect real estate investments, which aim to deliver sustainable, risk-adjusted returns. Our direct property portfolio is valued at R2,1 billion as at 31 December 2023 (June 2023: R2,2 billion) and our international property investment portfolio amounts to R544,7 million (June 2023: R598,6 million). Texton maintains a focused and disciplined approach to capital allocation. We prioritize strategic reinvestment in our direct property holdings situated in key nodes within South Africa ("SA") and the United Kingdom ("UK"). Additionally, we deploy capital into high-quality property investments in developed markets, partnering with toptier asset managers to ensure optimal performance and value creation.
Metrics to compare | TEXJ | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipTEXJPeersSector | |
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P/E Ratio | −70.5x | −0.2x | 7.7x | |
PEG Ratio | 4.35 | 0.04 | 0.01 | |
Price/Book | 0.5x | 0.9x | 0.9x | |
Price / LTM Sales | 3.2x | 4.8x | 3.9x | |
Upside (Analyst Target) | - | 1.9% | 11.9% | |
Fair Value Upside | Unlock | 0.7% | 1.5% | Unlock |