Risk factor
Poor trading liquidity
Profitability factor
Undervalued vs peers
About
S.A. Corporate Real Estate Limited, a Real Estate Investment Trust (REIT) listed on the JSE, operates as a Group with its subsidiaries, managing a focused collection of premium industrial, retail, and residential properties. These assets are predominantly located within South Africa's major metropolitan areas, with an additional presence in Zambia. As of June 30, 2023, the Group's property portfolio comprised 151 individual properties, featuring a total gross lettable area of 1,301,270 square meters, collectively appraised at R14.9 billion. Furthermore, the company holds a 50% joint venture interest in three Zambian entities, whose properties are valued at R1.6 billion, alongside other listed investments totaling R52.8 million.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITDA, under
Target Price
The average target price of SAC.JO is 358 and suggests 7% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation