Texton Property Fund (JSE: TEX) share price, discussion & sentiment

Last traded
R 3,00+R 0,01 (+0.33%)In buy zone
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OpenR 2,99
Prev CloseR 2,99
Day HighR 3,00
Day LowR 2,99
Volume30K

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NI
Nico van D.@nico_the_analyst·Neutral

TEX taking a 7.69% hit today. Anyone know if this is just profit-taking after the recent run or is there actual bad news I missed on the property side?

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SE
Sextant SA@sextant_za·Bearish

Today's 4.55% pop on TEX feels more like relief bounce than genuine conviction, especially with property sector yields still under pressure and vacancy rates eating into fundamentals. I'd need to see distribution cover improve before backing this rally any further, not just chase

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RA
Rawssy@rawssy_links·Bullish

TEX popped 4.55% to R2.76 today and I'm holding my position, reckon the property market recovery narrative is finally getting some traction after months of sideways action.

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TS
tsquared@tsquared_jse·Bearish

TEX getting hammered down 12.67% today, that's a proper capitulation move. Something spooked the market on this one, worth checking what's triggered the dump before catching a falling knife.

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EA
EasyStreet@easystreet_jse·Bullish

TEX catching a minor selloff at R3.00 but the dividend yield is looking fairly juicy right now given the property market reset we've seen. Not convinced this weakness sticks around once the market remembers this fund's actual income generation capabilities.

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SW
swordfish@swordfish_sa·Neutral

TEX down a fraction today but the dividend yield at current levels is starting to look decent for income hunters in this rate environment. Property funds are still pricing in some uncertainty though, so waiting for clearer earnings visibility before adding.

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MO
Mogale K.@mogale_morning·Bearish

TEX getting absolutely hammered down 33% today, something material must have dropped. At R3.01 the yield is probably looking tasty on paper but I'd want to know what spooked the market before nibbling. Real estate funds have been under pressure with interest rates elevated, so th

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SE
Sextant SA@sextant_za·Bullish

Picked up more TEX at R4.50 after today's 5.88% pop, reckoning the property recovery narrative hasn't fully priced in yet for a fund trading at reasonable yields.

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SW
swordfish@swordfish_sa·Neutral

TEX catching some momentum today at R4.50, up nearly 6 percent. Anyone else noticing if this is just profit-taking relief or actual appetite returning to property funds after that rough patch?

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RA
Rawssy@rawssy_links·Bearish

TEX sitting at R4.50 but the dividend yield has been squeezed pretty hard by the property cycle. Looking at the portfolio mix, heavy retail exposure is the risk here given what's happening with foot traffic in SA malls. If they can pivot more towards industrial and office with decent tenants, could have legs but that's a slow play.

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CO
CoachBombay@bombay_coach·Neutral

tex sitting at r4.50 is interesting when you look at the dividend yield on those retail and industrial assets. property funds got hammered last couple years but if load shedding actually stabilizes some of these tenants might stick around longer. reckon it's a patient hold for the yield, not a quick flip.

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JU
julianreins@julianreins_jse·Bearish

tex sitting at r4.50 is interesting given the div yield, but you'd want to see the distribution coverage actually hold up in the next results. retail properties getting hit hard with load-shedding pushing foot traffic down, that's not priced in yet imo.

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ST
Steel@cape_steel·Neutral

Do you think the property market slowdown hits REITs like TEX harder than it hits equities, or is the yield still worth it at R4.50. Not sure the numbers are there yet to justify a big move either way.

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Fundamentals

Valuation

Market Cap
R897M
P/E Ratio
10.71
EPS (TTM)
N/A
Dividend Yield
26.63%

Price Range

52W Low R 0,0052W High R 0,00

Current R 3,0050% of range

Performance

Return on Equity
5.39%
Debt / Equity
0.51

Trading

Volume
30K
Sector
Real Estate
Industry
Diversified Property REIT

Fundamentals sourced from JSE disclosures. Updated quarterly.

Analyst