Texton Property Fund Limited (TEX) Fair Value & Analysis
Real Estate · ZA · Market cap 1.3B ZAC
Fair value as of: Jun 26, 2026
From 15 valuation models · updated 3 days ago
Fair value updated Jun 26, 2026 — revised from R5.80 to R5.58 (−3.8%) since Jun 24, 2026.
Price vs Fair Value (12 months)
12‑month range R2.60 – R4.50 · fair‑value band R3.85 – R6.98 · the R2.62 price screens below the R5.58 fair value. As of Jun 26, 2026.
✦ Which stocks are undervalued right now? Check free Discover now →Analysis
Texton Property Fund Limited (TEX) currently trades at R2.62, while our model-based Fair Value estimate is R5.58 — implying the stock looks roughly 113.0% 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, Texton Property Fund Limited generated revenue of 278M ZAR at a net margin of 34.9%. Revenue declined 9.0% year over year. It earns a return on equity of 5.4%. Net debt stands at 592M 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
Texton Property Fund Limited is a JSE-listed real estate investment trust (REIT) that offers shareholders access to global direct and indirect real estate investments, which aim to deliver sustainable, risk-adjusted returns. Our direct property portfolio is valued at R1,9 billion as of 30 June 2025 (2024: R2,1 billion) and our international indirect property investment portfolio amounts to R415,4 million (2024: R443,1 million). The direct property portfolio includes commercial and retail properties. Texton is focused on robust and disciplined capital allocation. We are strategically reinvesting heavily into our direct property investments which are in centralized nodes in both South Africa and the United Kingdom and deploying capital into high-quality property investments in developed markets with best-in-class asset managers. Texton Property Fund Limited was incorporated in 2009.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Texton Property Fund Limited reported revenue of R260M in FY2025 versus R442M in FY2021, a compound −12.4%/yr. Reported net income was R97.9M in FY2025, compounding −16.6%/yr from FY2021.
Open the full interactive analysis →
Similar stocks
6 more REIT - Office stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BXP, Inc BXP | $64.34 | $60.75 | -6% |
| MERLIN Properties SOCIMI, S.A MRL | €15.23 | €7.92 | -48% |
| Alexandria Real Estate Equities, Inc A1RE34 | R$67.00 | R$62.43 | -7% |
| Vornado Realty Trust VNORP | $51.75 | $47.22 | -9% |
| Gecina GECFF | $87.89 | $126.77 | +44% |
| Hudson Pacific Properties, Inc HPP | $14.54 | $3.95 | -73% |
Explore undervalued stocks
More undervalued Real Estate stocks →
Frequently asked questions
Is Texton Property Fund Limited (TEX) undervalued?
What is the fair value of TEX?
What is the quality score of TEX?
What is the revenue of Texton Property Fund Limited (TEX)?
What is the net profit margin of TEX?
Does Texton Property Fund Limited pay a dividend?
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.