Tower Property Fund Ltd

Headquarters: Claremont, South Africa

CEO: Mr. Marc Edwards

show_chart JSE: TWR +0.27%

Market Cap

R126.47 Billion

ZAR as of Dec. 1, 2021

US$7.43 Billion

history Market Cap History

Tower Property Fund Ltd market capitalization over time

Evolution of Tower Property Fund Ltd market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Tower Property Fund Ltd

Detailed Description

Tower is an internally managed real estate investment trust (REIT) which owns a diversified portfolio of 42 convenience retail, office and industrial properties valued at R4.8 billion, located in South Africa and Croatia. The South African portfolio is located in the country's major metropoles with 47% by value in Cape Town, 41% in Gauteng and 12% in KwaZulu Natal. The five Croatian properties represent 37% of the fund's total value. The fund currently has a sectoral spread by value of 46% convenience retail, 46% office, 7% industrial and inventory 1%. Tower's near-term focus remains (i) to do all things necessary to ensure that the company and its tenants weather the current worldwide crisis caused by the Covid-19 pandemic, (ii) the redevelopment of the Old Cape Quarter, including the development of the fifty-five new residential units, (iii) the sale of non-core properties in South Africa; and (iv) the unlocking of additional value and income growth in the Croatian portfolio through its shareholding in TPF International.

Stocks & Indices

Tower Property Fund Ltd has the following listings and related stock indices.

Stock: JSE: TWR



Unit 606

6th Floor, Sunclare Building Corner of Protea Road and Dreyer Street

Claremont, 7708

South Africa

Phone: 27 21 659 5948

Fax: 27 86 556 7555