Company
Liberty Two Degrees Ltd
Headquarters: Johannesburg, South Africa
CEO: Ms. Amelia Beattie B.Comm
Market Cap
R3.39 Billion
ZAR as of July 1, 2023
US$180.1 Million
Liberty Two Degrees Ltd Categories
South Africa Real Estate REIT—RetailSouth Africa Real Estate South Africa REIT—Retail
Top Competitors by Market Capitalization
Industry: REIT—Retail
Sector:
| Company | Market Cap (USD) |
|---|---|
| Prologis, Inc. | $120.60 B |
| American Tower | $100.44 B |
| Equinix, Inc. (REIT) | $74.75 B |
| MAS Real Estate, Inc. | $65.45 B |
| Public Storage | $53.43 B |
Detailed Description
Liberty Two Degrees was converted and relisted as a corporate REIT on the JSE main board on 1 November 2018 as Liberty Two Degrees Limited (L2D Limited) following the conversion from a CISIP. The new structure cancels the Liberty Group PUT option for no consideration and internalises the management company. The structure also introduces a conservative level of debt to the capital structure of L2D Limited, which will assist in reducing the weighted average cost of capital over time.
Top 1-year algo backtest: +313.24%
$10,000 in May 2023 would now be $41,324 by following this algorithm daily at market close.
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Stocks & Indices
Liberty Two Degrees Ltd has the following listings and related stock indices.
Stock: JSE: L2D wb_incandescent