Redefine Properties Limited (RDF) Fair Value & Analysis
Real Estate · ZA · Market cap 41.1B ZAC
Fair value as of: Jun 26, 2026
From 26 valuation models · updated 3 days ago
Fair value updated Jun 26, 2026 — revised from R10.19 to R7.72 (−24.2%) since Jun 24, 2026. Share price +6.7% over the past month.
Price vs Fair Value (12 months)
12‑month range R4.50 – R6.89 · fair‑value band R6.89 – R12.57 · the R6.36 price screens below the R7.72 fair value. As of Jun 26, 2026.
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Redefine Properties Limited (RDF) currently trades at R6.36, while our model-based Fair Value estimate is R7.72 — implying the stock looks roughly 21.4% undervalued today. We read business quality at 95/100 (high quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Redefine Properties Limited generated revenue of 11.2B ZAR at a net margin of 55.6%. Revenue grew 3.7% year over year. It earns a return on equity of 11.4%. Net debt stands at 42.8B ZAR. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
Redefine Properties Limited (Redefine or the group) is a Real Estate Investment Trust (REIT). It has a sectoral and geographically diversified property asset platform valued at R101.2 billion (FY25 R103.2 billion). Redefine's portfolio is predominantly anchored in South Africa through directly held and managed retail, office and industrial properties, complemented by a strong presence in retail, logistics and self-storage property assets in Poland. Redefine's purpose is to create and manage spaces that transform lives. This goal demands more than a business-as-usual approach. It requires an integrated strategy that prioritizes people and purpose, guiding our decisions to ensure sustainable value creation for all stakeholders. By focusing on what matters most and executing on our strategic priorities, we aim to make a meaningful and lasting impact. Redefine is listed on the Johannesburg Stock Exchange (JSE) with a market capitalization of R49.9 billion (FY25 R36.0 billion). By volume…
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Redefine Properties Limited reported revenue of R11.0B in FY2025 versus R7.2B in FY2021, a compound +11.4%/yr. Reported net income was R4.1B in FY2025, compounding +10.9%/yr from FY2021.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.