Transcend Residential Property Fund Limited (JSE:TPF)

Solly Mboweni
Market Cap (AUD): 983.6M
Sector: Financials
Last Trade (AUD): 6 +0 (+0%)
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1. About

Transcend Residential Property Fund Limited (JSE:TPF) is a specialised residential property real estate investment trust (REIT).

Residential REITs are defensive by nature, less correlated to macro-economic factors than other asset classes and an important component of developed REIT markets internationally. Transcend plans to act as a pioneer in the residential asset space in South Africa, which currently comprises a small percentage of the listed property sector.

As quality residential rental housing becomes established as an attractive asset class in South Africa, Transcend will provide investors with an opportunity to gain exposure to residential real estate, through growing its portfolio of more than 4 500 properties and improving performance of its assets over time.

Transcend’s portfolio is managed by IHS Asset Management (Pty) Limited, a wholly owned subsidiary of IHS and leverages IHS’ extensive experience in the residential rental markets.

Transcend listed on the Main Board of the JSE in February 2020.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk