Resilient REIT Limited
3.92
EUR
+0.02
(+0.51%)
Resilient REIT Limited
DUS:R1LA
(Dusseldorf Stock Exchange)
Recent
price
3.92
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.- Similar Companies
- Business
- Resilient REIT Limited operates as a retail-focused real estate investment trust listed on the Johannesburg Stock Exchange under the ticker RES.JO. The company owns and manages a portfolio of approximately 27 dominant regional shopping centres across South Africa, France, Nigeria and Spain, with a combined gross lettable area exceeding 1.15 million square metres in South Africa alone; key properties include Jubilee Mall, Irene Mall, The Galleria, Boardwalk Inkwazi Shopping Centre, The Grove Mall, Diamond Pavilion, Brits Mall, Highveld Mall, I'langa Mall, Limpopo Mall, Jabulani Mall and Mall of the North. It invests directly and indirectly in offshore property assets, lets predominantly to national retailers with a minimum of three anchor tenants per centre, and maintains internally managed assets while outsourcing property management to third parties; operations span segments including corporate and retail, geographically divided into South Africa (majority of revenue), France (four centres with 147,383 square metres GLA), Nigeria (three centres with 29,726 square metres GLA) and recent expansions into Spain and Portugal. Founded in 2002 and headquartered at 4th Floor, Rivonia Village, Rivonia Boulevard, Rivonia 2191, South Africa, Resilient REIT employs 30 staff and reports revenue of ZAR 3.80 billion on a trailing twelve-month basis. Recent developments include a 50/50 joint venture with Lighthouse Properties to acquire the Salera shopping centre in Castellón, Spain for €171 million in early 2024; divestiture of a 50% stake in Circus Triangle, Mthatha to Dipula Income Fund for ZAR 400 million in October 2024; affirmation of AA(ZA)/A1+(ZA) credit ratings with Stable Outlook by GCR in 2025 due to strong domestic portfolio performance; upgraded distributable earnings guidance for 2025 reflecting 6.3% rental growth on renewals and new leases, 5.4-5.7% escalations, energy strategy returns, 50 basis points interest rate cuts and Lighthouse contributions; and increased institutional ownership such as Ninety-One UK Limited's 5% stake valued at R1.07 billion in January 2025.