Oryx Properties Limited

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Oryx Properties Limited
  • Oryx Properties Limited
  • Year : May 2020
3 Tokens
USD 300.00
Summary

The ratings counterbalance Oryx Properties Limited’s (“Oryx” or “the fund”) small and highly concentrated portfolio against its strong through-the-cycle earnings performance, as well as the recently adopted cash preservation initiatives, which are expected to shore up the fund’s financial profile through a period of considerable uncertainty. Despite the improvement achieved year-on-year, leverage remains a ratings constraint.

Additional Information

In December 2002, Oryx was listed as the first property loan stock (“PLS”) listed on the Namibian Stock Exchange (“NSX”) and remains the sole listing. Its shareholder base is almost entirely Namibian domiciled. Oryx’s investment strategy is to build a diversified portfolio of properties that can deliver long term income growth and asset price appreciation. As Namibia does not yet have Real Estate Investment Trust (“REIT”) legislation, Oryx remains a PLS. Oryx’s operating environment assessment is anchored by its exposure to the Namibian property space, albeit some cognisance is taken of the modest international contribution from an indirect investment in Croatia.

Related Publication

Oryx Properties Limited (2017-04)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Oryx Properties Limited

The ratings counterbalance Oryx Properties Limited’s (“Oryx” or “the fund”) small and highly concentrated portfolio a...

GCR Risk Score Snapshot as of Dec 31st 2019

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