Burstone Group Limited is a South African Real Estate Investment Trust, (REIT), which listed on the JSE in the Real Estate Holdings and Development Sector on 14 April 2011. At 31 March 2025 the Group comprised a portfolio of 58 properties in South Africa with a total GLA of 845 345 m2 valued at R13.3 billion. In addition, the Group has the following investments: Pan-European Logistics in Europe (20%) valued at R1.75 billion; Australia (50/50 JV (Irongate Group Holdings), 18.67% in Irongate Templewater Australia Property Fund Limited (ITAP), 19.9% in Irongate Industrial Property Trust No. 1 (previously called Smithfield) and a 15% investment in the Irongate Industrial Property Trust No. 2 structure valued at R0.7 billion.
Metrics to compare | BTNJ | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipBTNJPeersSector | |
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P/E Ratio | −2.9x | 7.7x | 9.1x | |
PEG Ratio | 0.00 | 0.08 | 0.01 | |
Price/Book | 0.7x | 0.7x | 0.9x | |
Price / LTM Sales | 3.3x | 3.5x | 3.9x | |
Upside (Analyst Target) | - | 6.2% | 11.5% | |
Fair Value Upside | Unlock | 3.7% | 0.5% | Unlock |