SA Corporate Real Estate Ltd.
JJSE:SAC333.00
ZAC
+3.00
(+0.91%)
ISIN
ZAE000203238
Return %
Stock
S&P 500
1Y
1.22
14.20
3Y
81.97
81.12
5Y
61.65
68.34
Capital Structure
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in mil. unless spec.Working Capital
ZAR
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in mil. unless spec.Growth Rates
ZAR
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in mil. unless spec.Semi-annual Revenue
ZAR
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in mil. unless spec.Semi-annual Earnings Per Share
ZAR
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in mil. unless spec.Semi-annual Dividends Per Share
ZAR
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in mil. unless spec.Company Description
- CEO
- Terence Rory Mackey
- Full Time Employees
- 213
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- GreenPark Corner, 16th Floor Johannesburg GT South Africa 2196
- IPO Date
- Sep 3, 2012
- Website
- sacorporatefund.co.za
- Similar Companies
- Business
- S.A. Corporate Real Estate Limited is a Johannesburg Stock Exchange-listed Real Estate Investment Trust (REIT) specializing in owning and managing a diversified property portfolio. The company’s core products and services include industrial, retail, residential, commercial, and storage property segments. Its portfolio consists of approximately 267 properties, valued at around R18 billion, with a gross lettable area of about 1.7 million square meters, primarily located in South Africa’s major metropolitan centers, including Gauteng, KwaZulu-Natal, and Western Cape, as well as a 50% joint venture interest in Zambian retail and commercial properties. The company serves a broad tenant base comprising large national tenants, government tenants, and franchisees. S.A. Corporate’s retail portfolio specializes in convenience retail and storage facilities; its residential portfolio is managed largely through its subsidiary Afhco Holdings Proprietary Limited, focusing on suburban estates and increasing exposure in this segment. The industrial portfolio is logistics-focused, while commercial assets include a smaller office component. The company’s property management for the traditional portfolio is handled by Broll Property Group (Pty) Ltd. Target markets include both institutional and retail investors seeking diversified property income across Southern Africa. Recent major developments include the acquisition of the Riversands Residential Apartments for R1.671 billion through its subsidiary Afhco, boosting its suburban estate residential portfolio to approximately 67.2%, and internal restructuring of Afhco completed by end of 2024 to streamline operations and align with strategic growth objectives. In 2024, S.A. Corporate also completed a notable merger with Heriot, enhancing scale and portfolio quality. Peresec Prime Brokers acquired an 11.82% stake in mid-2024, signaling increased investor interest. The company continues to expand and optimize its portfolio with strategic acquisitions and asset management initiatives. Founded in 2015 and headquartered in Century City, Cape Town, South Africa, S.A. Corporate Real Estate Limited operates as a leading REIT in the Southern African property market with assets under management exceeding R19 billion. It maintains a focus on long-term income generation through diversified property ownership and active portfolio management, supported by substantial geographic presence and strategic partnerships. The company is listed under the ticker SAC.JO on the JSE.