Fairvest Limited is a JSE and A2X-listed SA REIT (Real Estate Investment Trust) and the largest South African-focused property fund with a portfolio worth R12.0 billion. Fairvest's direct property portfolio currently comprises 134 properties (74 retail, 34 office and 26 industrial properties) with a GLA of 1 126 191 square metre. The Group also holds a 5.0% interest in Dipula Income Fund Limited. The Company has a well-diversified portfolio across all nine provinces within South Africa. Gauteng is the dominant province with 51% of GLA of the Company's properties in the province, followed by 13% in the Western Cape and 9% in KwaZulu Natal. The Retail portfolio generates 68% of the revenue within the portfolio, Office 21% and Industrial properties 11%. The Company has an "A" and "B" dual-class share structure that caters for different risk profiles of investors.
Metrics to compare | FTAJ | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipFTAJPeersSector | |
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P/E Ratio | 9.7x | 6.6x | 9.0x | |
PEG Ratio | 0.22 | 0.00 | 0.01 | |
Price/Book | 1.1x | 0.8x | 0.9x | |
Price / LTM Sales | 4.8x | 3.7x | 3.9x | |
Upside (Analyst Target) | 4.4% | 8.3% | 12.7% | |
Fair Value Upside | Unlock | 6.3% | 0.5% | Unlock |