1. South Africa Stocks

  2. •

    Finance

  3. •

    Real estate investment trusts
Octodec Investments Limited

Octodec Investments Limited

JJSE:OCT
1,749.00
ZAC
+4.00
(+0.23%)
399.03BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.67
4.68
6.88
6.9
7.01
7.11
7.45
7.45
6.8
7.09
7.24
7.57
7.92
- -
Basic EPS, GAAP
3.54
3.36
5.62
3.39
2.63
2.03
1.11
-3.35
-0.66
2.27
2.29
0.81
1.84
- -
Free Cash Flow per Basic Share
0.2
0.36
0.24
-0.04
-0.04
0.17
0.11
0.69
0.34
0.47
0.28
0.27
0.53
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
16.6
24.62
27.69
29.12
29.33
29.39
28.47
24.13
22.48
23.75
24.64
24.1
24.68
24.96
Tangible Book Value per Share
16.6
24.62
27.69
29.12
29.33
29.39
28.47
24.13
22.48
23.75
24.64
24.1
24.68
24.96
Basic Weighted Avg Shares
108
115
238
253
261
266
266
266
266
266
266
266
266
266
Sales/Revenue/Turnover
505
538
1,639
1,745
1,831
1,895
1,983
1,984
1,811
1,887
1,928
2,016
2,108
- -
Operating Margin (%)
49.03
50.66
50.27
50.64
49.68
49.99
49.15
48.01
44.94
44.52
42.16
40.48
40.18
- -
Depreciation Expense
12
6
25
21
21
18
16
15
13
9
10
12
13
- -
Net Income, GAAP
383
386
1,338
857
688
541
296
-892
-175
605
610
216
491
- -
Effective Tax Rate (%)
- -
- -
0.24
- -
1.07
- -
2.33
- -
- -
2.57
3.03
- -
- -
- -
Profit Margin (%)
75.92
71.81
81.61
49.11
37.55
28.52
14.91
-44.95
-9.65
32.06
31.67
10.71
23.3
- -
Working Capital
-584
-414
-1,644
-699
-1,644
-1,785
-1,206
-957
-2,289
-693
-353
-1,678
-669
-388
LT Debt
1,576
1,264
2,917
4,024
3,254
3,241
4,028
4,109
2,675
3,828
4,079
2,893
3,754
3,975
Total Equity
1,797
2,889
6,988
7,414
7,828
7,824
7,579
6,424
5,983
6,322
6,560
6,416
6,569
6,644
Return on Invested Capital (%)
- -
- -
10.4
7.72
7.25
- -
7.55
- -
- -
7.66
7.41
- -
- -
- -
Return on Capital (%)
- -
- -
21.66
10.62
8.79
- -
5.94
- -
- -
9.13
9.29
- -
- -
- -
Return on Common Equity (%)
24.03
16.48
27.09
11.9
9.02
6.91
3.84
-12.74
-2.82
9.84
9.48
3.33
7.56
- -

Capital Structure

ZAR

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
ST Debt
581
591
378
LT Borrowings
3,816
3,743
3,964
LT Finance Leases
11
11
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
266
266
266
Market Capitalization
2,926
2,968
3,990

Working Capital

ZAR

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
Total Current Assets
301
339
424
Cash, Cash Equivalents & STI
116
100
240
Accounts Receivable, Net
179
43
183
Inventories
- -
- -
- -
Total Current Liabilities
1,037
1,008
813
Payables & Accruals
- -
- -
- -
ST Debt
581
591
378
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.4%
0.55%
2.38%
Free Cash Flow
-17.41%
8.45%
100.45%
Net Income, GAAP
-98.69%
-92.58%
127.38%
Sales/Revenue/Turnover
2.63%
1.35%
4.53%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2,016
2025
- -
- -
2,108
2026
- -
- -
- -

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.81
2025
- -
- -
1.84
2026
- -
- -
- -

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jeffrey Percy Wapnick
Full Time Employees
183
Sector
Finance
Industry
Real estate investment trusts
Address
CPA House Tshwane GT South Africa 0002
IPO Date
Jul 1, 1992
Website
octodec.co.za
Similar Companies
Realty Income Corporation (NYSE:O)
Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. (BIST:EKGYO)
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)
AGNC Investment Corp. (NASDAQ:AGNC)
Prologis, Inc. (NYSE:PLD)
American Tower Corporation (REIT) (NYSE:AMT)
Business
Octodec Investments Limited is a South Africa-based real estate investment trust (REIT) listed on the Johannesburg Stock Exchange (JSE) since 1990 and on A2X since 2023 that owns and manages a diversified portfolio of residential, retail, office, and industrial properties concentrated in the metropolitan areas of Tshwane and Johannesburg. The company offers rental income-generating assets including residential apartments and converted office spaces, retail street shops and convenience shopping centres such as Blaauw Village (via 50% joint venture), offices in mixed-use developments, industrial mini-factories and parks for small enterprises, and specialised properties encompassing parking facilities, educational and healthcare buildings, places of worship, auto dealerships, and hotels; the portfolio comprises 234 properties with a gross lettable area of 1,524,479 square metres valued at R11.2 billion as of 31 August 2024. Founded by Alec Wapnick on 8 November 1956 and headquartered in Pretoria, Octodec operates wholly-owned subsidiaries such as IPS Investments (Pty) Ltd, Premium Properties (Pty) Ltd, and Octprop Properties (Pty) Ltd, with City Property Administration (Pty) Ltd contracted for asset and property management services including tenant installations, maintenance, and regulatory compliance. Recent developments include the acquisition in October 2024 of a complementary property to Rentmeester Office Park for R8.0 million yielding 9.3% in the first year; disposal of 15 non-core properties for R130 million to reduce debt and fund capital projects; investment of R102.5 million in developments, improvements, and tenant installations such as solar panels at The Fields and The Park Shopping Centre; and ongoing pursuit of Killarney Mall disposal to redeploy proceeds into core portfolio-enhancing assets.