Delta Property Fund Limited (“Delta” or “the Group”) is a South African domiciled Level 1 B-BBEE Real Estate Investment Trust (“REIT”). The Group is predominantly sovereign underpinned and has been listed on the JSE since 2012. The Group owns a portfolio of 86 properties valued at R6.6bn as at the reporting period, with geographic diversification and presence in all nine provinces of South Africa. Delta’s primary focus is on long-term investment in quality rental income-generating properties. Delta’s portfolio of 793 592m2 gross lettable area (“GLA”), offers rental space to government, parastatals and private tenants. A significant number of properties are strategically located and easy to access with street level retail offerings. Delta’s strategy is aimed at achieving maximum return on capital, consistent with a diversified, risk managed real estate investment portfolio.
Metrics to compare | DLTJ | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipDLTJPeersSector | |
---|---|---|---|---|
P/E Ratio | −1.6x | 5.1x | 8.9x | |
PEG Ratio | 0.03 | 0.01 | 0.01 | |
Price/Book | 0.1x | 0.6x | 0.9x | |
Price / LTM Sales | 0.1x | 2.7x | 3.8x | |
Upside (Analyst Target) | - | 8.4% | 13.4% | |
Fair Value Upside | Unlock | 12.1% | 1.0% | Unlock |