Welcome to On a Date with a listed company on the Zimbabwe Stock Exchange (ZSE).
Dating is a critical stage to any investor considering to take a position on any asset class even shares.
THREAD: On a Date with First Mutual Properties (FMP)
Dating is a critical stage to any investor considering to take a position on any asset class even shares.
THREAD: On a Date with First Mutual Properties (FMP)
#1. History,
1959, Pearl House a 17 storey and 63,47 metre corporate office building is completed.
2006, First Mutual Holdings establish and transfer the property portfolio to Pearl Properties.
2007, Pearl Properties is listed separately on the ZSE.
1959, Pearl House a 17 storey and 63,47 metre corporate office building is completed.
2006, First Mutual Holdings establish and transfer the property portfolio to Pearl Properties.
2007, Pearl Properties is listed separately on the ZSE.
2017, Rebranding of Pearl to First Mutual Properties (FMP) to benefit from the brand equity of the group name.
#2. Operations,
FMP is a property development and management firm. It has,
93 properties across the major towns and cities of Zimbabwe especially in Harare, Bulawayo, Gweru, Kwekwe, Kadoma, Zvishavane and Mutare.
122,000 of total lettable area.
FMP is a property development and management firm. It has,
93 properties across the major towns and cities of Zimbabwe especially in Harare, Bulawayo, Gweru, Kwekwe, Kadoma, Zvishavane and Mutare.
122,000 of total lettable area.
#3. Portfolio,
26% Office Parks
18% CBD Office
22% Land Bank
04% Residential
09% Industrial
07% Suburban Retail
14% CBD Retail
26% Office Parks
18% CBD Office
22% Land Bank
04% Residential
09% Industrial
07% Suburban Retail
14% CBD Retail
Suburban Retail
Free standing supermarkets in medium to high density areas and community shopping centre in a low density.
Free standing supermarkets in medium to high density areas and community shopping centre in a low density.
CBD Offices
Portfolio comprises high rise buildings and all kinds of properties in the central business district of major cities and towns of Zimbabwe.
Portfolio comprises high rise buildings and all kinds of properties in the central business district of major cities and towns of Zimbabwe.
Office Parks
Comprise standalone units out of the CBDs. These have become popular due to congestion and reasonable rentals compared to CBDs.
Comprise standalone units out of the CBDs. These have become popular due to congestion and reasonable rentals compared to CBDs.
Residential
The portfolio comprises cluster homes such as the George Square Mews which has 39 houses.
The portfolio comprises cluster homes such as the George Square Mews which has 39 houses.
#4. Tenants
The anchor tenant for the suburban retail is TM PicknPay Supermarkets.
The anchor tenant for the office parks and CBD Offices is First Mutual Holdings.
The parent company and its other subsidiaries brought in 12% of the revenue.
The anchor tenant for the suburban retail is TM PicknPay Supermarkets.
The anchor tenant for the office parks and CBD Offices is First Mutual Holdings.
The parent company and its other subsidiaries brought in 12% of the revenue.
#5. Competitors,
Old Mutual Properties
Mashonaland Holdings
Zimre Property Investments
Old Mutual Properties
Mashonaland Holdings
Zimre Property Investments
#6. Shareholding,
45,38 owned by Stanbic Nominees (Pvt) Limited.
13.65 is controlled PIM Nominees
45,38 owned by Stanbic Nominees (Pvt) Limited.
13.65 is controlled PIM Nominees
#7. Share Price,
7,80 ZWL per share as at Dec 17.
2,70 ZWL per share at the start of the year.
189% gained to date.
39th on ZSE ranking of the year to date performance.
24th most traded stock in the past 3 months to Dec 17.
1,238,157,310 shares issued.
7,80 ZWL per share as at Dec 17.
2,70 ZWL per share at the start of the year.
189% gained to date.
39th on ZSE ranking of the year to date performance.
24th most traded stock in the past 3 months to Dec 17.
1,238,157,310 shares issued.
#8. Pitch,
A strong and diverse portfolio of properties spread across Zimbabwe.
Occupancy rates are reasonable higher across the properties
High quality tenants who are capable to pay agreed rentals
A strong and diverse portfolio of properties spread across Zimbabwe.
Occupancy rates are reasonable higher across the properties
High quality tenants who are capable to pay agreed rentals
First Mutual Properties has an arm that specializes in real estate agency, Oyster Real Estate.
Oyster provides professional property services since it has a licence to act as an agent.
The entity is into management, development, Investment and valuations.
Oyster provides professional property services since it has a licence to act as an agent.
The entity is into management, development, Investment and valuations.
Each week will be on a DATE with a company listed on the ZSE.
The purpose of this thread is to have a minimum appreciation of listed firms.
Disclaimer: Do not misconstrue this thread as investment advise DATE companies before you buy its shares.
The purpose of this thread is to have a minimum appreciation of listed firms.
Disclaimer: Do not misconstrue this thread as investment advise DATE companies before you buy its shares.
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