SA Corporate Real Estate Limited (SA Corporate or the Company) is a Corporate REIT (Real Estate Investment Trust) listed under the Real Estate, Diversified REITs sector of the South African Stock Exchange, the JSE Limited (JSE). SA Corporate is one of the oldest and most established property companies in the South African market. The Company features an attractive portfolio diversified across 179 properties which covers 1.4 million square metres of lettable space.
The R15 billion [31 December 2016] portfolio is focused on industrial, retail, inner-city residential and commercial assets, primarily located in the major metropolitan centres of South Africa.
The Company was reconstituted from SA Corporate Real Estate Fund (the Fund), a CISIP (a collective investment scheme in property in terms of the Collective Investment Schemes Control Act, No 45 of 2002, as amended) to a Corporate REIT, SA Corporate Real Estate Limited, in July 2015. The JSE granted the Fund REIT status with effect from 1 January 2014.
The Company has a good tenant retention ratio with an impressive industrial portfolio, strong balance sheet and moderate gearing. It offers an attractive investment for those looking for a balanced, moderate risk investment in quality real estate through an easily tradable instrument.