Company Profile
APF, a real estate
investment trust domiciled in South Africa, did not commence business until
December 12, 2013. The company
invests in properties that produce streams of income that would be distributed
to the unit holders.
Revenue has been growing by 73.1% in the past
three years. The investors constantly enjoy dividends because
the company distributes a bulk of its net earnings to shareholders. We believe that
long-term solvency is not in doubt. Currently, it trades at R5.60 which is below our
estimate for a share in the company.
No comments:
Post a Comment