Fairvest Limited

FTA

ZAE000304788

Diversified REITs

End-of-day quote Johannesburg S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
15.25 ^ZAR	+1.67%		0.00%	-1.61%

Mar. 15	An unknown buyer acquired unknown minority stake in Fairvest Limited from Vukile Property Fund Limited.	CI
2023	Fairvest Property Holdings Limited Declares Final Dividend, Payable on 27 December 2023	CI

Fairvest Limited Reports Earnings Results for the Fifteen Months Ended September 30, 2022

November 30, 2022 at 03:04 am EST

Fairvest Limited reported earnings results for the fifteen months ended September 30, 2022. For the fifteen months, the company reported sales was ZAR 1,961.43 million. Net income was ZAR 2,120.37 million.

Basic earnings per share from continuing operations was ZAR 1.9269. Diluted earnings per share from continuing operations was ZAR 1.905.

Latest news about Fairvest Limited

An unknown buyer acquired unknown minority stake in Fairvest Limited from Vukile Property Fund Limited.	Mar. 14	CI
Fairvest Property Holdings Limited Declares Final Dividend, Payable on 27 December 2023	Nov. 28	CI
Fairvest Limited Reports Earnings Results for the Full Year Ended September 30, 2023	23-10-14	CI
Fairvest Limited Announces Changes to the Board of Directors, Changes to the Composition of Board Committees	23-08-30	CI
Coronation Asset Management Proprietary Ltd. acquired a 40.02% stake in Fairvest Limited.	23-08-01	CI
S.African shopping mall developer Vukile gains footfall despite inflation	23-06-12	RE
Fairvest Swings to Loss in Fiscal H1; Property Income Rises	23-05-31	MT
Fairvest Limited Declares an Interim Dividend for the Six Months Ended 31 March 2023, Payable on 26 June 2023	23-05-30	CI
Fairvest Limited Reports Earnings Results for the Half Year Ended March 31, 2023	23-05-30	CI
South African Shares on Track to Extend Six-day Red Streak	23-03-15	MT
Fairvest to Vote Indluplace Stake to Support SA Corporate Real Estate Bid	23-03-15	MT
SA Corporate Real Estate Limited entered into a scheme implementation agreement to acquire Indluplace Properties Limited from Fairvest Limited, The Buffet Bewind Trust and others for ZAR 1.1 billion.	23-03-13	CI
Fairvest Invites Shareholders Who Voted Against Remuneration Policy to Raise Concerns	23-03-01	MT
Fairvest Limited Reports Earnings Results for the Fifteen Months Ended September 30, 2022	22-11-30	CI
Fairvest Limited Reports Earnings Results for the Nine Months Ended March 31, 2022	22-06-01	CI
Fairvest Property Holdings Limited completed the acquisition of Arrowhead Properties Limited from a group of shareholders in a reverse merger transaction.	22-01-24	CI
Fairvest Property Holdings Limited expressed an interest in a letter to acquire Arrowhead Properties Limited from a group of shareholders in a reverse merger transaction.	21-05-17	CI
Fairvest Property Holdings Limited completed the acquisition of Nonkqubela Mall from Investec Property Fund Limited.	19-08-22	CI
Fairvest Property Holdings Limited cancelled to acquire Safari Investments RSA Limited in a reverse merger transaction.	19-08-13	CI
Fairvest Property Holdings Limited entered into an agreement to acquire Nonkqubela Mall from Investec Property Fund Limited for approximately ZAR 160 million.	19-05-14	CI
Fairvest Property Holdings Limited signed a non-binding expression of interest to acquire Safari Investments RSA Limited in a reverse merger transaction.	19-03-27	CI
Fairvest Property Holdings Ltd. (JSE: FVT) completed the acquisition of Shoprite Empangeni from Growthpoint Properties Limited (JSE: GRT) .	17-07-17	CI
Fairvest Property Holdings Ltd. (JSE: FVT) entered into an agreement to acquire Shoprite Empangeni from Growthpoint Properties Limited (JSE: GRT) for approximately ZAR 170 million in cash.	17-02-28	CI
Fairvest Property Holdings Ltd. Declares Final Gross Dividend for the Six-Month Period Ended 31 December 2015, Payable on April 4, 2016	16-03-03	CI
Fairvest Property Holdings Ltd. Announces Unaudited Consolidated Earnings Results for the Half Year Ended December 31, 2015 ; Provides Distribution Guidance for the Fiscal Year 2016	16-03-03	CI

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Company Profile

Fairvest Limited is a South Africa-based real estate investment trust (REIT) focused on creating long-term shareholder value. The Company holds a portfolio of approximately 137 retail, office and industrial properties. The Company's geographical segments include Gauteng, Western Cape, Kwazulu Natal, Eastern Cape, Limpopo, Mpumalanga, North West, Northern Cape, Free State, and Other. The Company's sectorial segments include Office, Industrial, Retail, Residential, and Overheads. The Company's office properties include Metalbox, Lakeview Terrace, and 1 Sturdee. Its industrial properties include ROETE 24, Trevallyn Industrial Park, and Robertville Industrial Park. Its retail properties include 210 Church Street, Bara Precinct, and Bradlows Building. Its subsidiaries include Arrowgem Limited, Cumulative Properties Limited, Fairvest Property Holdings Limited, Indluplace Properties Limited and Vividend Income Fund Limited.

Sector

Diversified REITs

Calendar

2024-05-28 - Q2 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

15.25 ZAR

Average target price

17 ZAR

Spread / Average Target

+11.48%

Consensus

Chiffre d''affaires - Rate of surprise

Company calendar

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