Listed Securities

Orion Real Estate Limited

Listed Securities




Company Description

The Company is a REIT with a property portfolio in the retail, industrial and office markets. The company was originally founded by Franz Gmeiner in 1991 with the purchase of a high rise office building in downtown Johannesburg.

Over the years the company evolved and grew by acquisition and the reverse listing in 2005 on the Johannesburg Stock Exchange (JSE) main board.

The migration to ZAR X stock exchange opens a new chapter in the history of Orion. From inception the company has as its core business activities the investment in commercial, industrial, retail and hospitality properties. Orion’s business model also has as a core element of its management philosophy the concept of in-sourcing. This means where at all possible the company executes all aspects of property management in-house.

The services delivered in-house are;

  • Property rental administration
  • Space management
  • Leasing
  • Finance and accounting
  • Project management
  • Security services
  • Cleaning services
  • Repair and maintenance services
  • Tenant installations. (TI)
  • Health and Safety compliance
  • Marketing
  • Refurbishments
  • Executive business coaching
  • Team coaching
  • Industrial Relations (IR)
  • Recruitment
  • Human Recourses (HR)
  • Training & development

The business model is further built on a multi category properties. Although this may seem to contradict the mainstream notion of focussing on one property sector, operating in more than one sector is a major hedging strategy in the event of one sector encountering a downward cycle. The current world wide COVID-19 crisis is proving our strategy to be the correct one.

The business model furthermore has as core element the acquisition of existing structures with a proven cash flow and then to enhance this cash flow via upgrades, redevelopment and improving of tenant mix.

As and when opportunity arises Orion will dispose of a property realising a capital gain and then to re invest the net proceeds into the next redevelopment and or acquisition.

Continually increasing the size of the portfolio is key to the long term success of Orion Real Estate. To this end the ZAR X listing fits perfectly into this strategy particularly the REIT status which has as core element to exemption from paying capital gains tax.

Bid Size Bid Price Ask Price Ask Size
Last 10 trades
Date Quantity Price(R) Value(R)
Orion Real Estate Limited Details


Real Estate


Equity Real Estate Investment Trust (REITs)


Retail REITs

Issuer Code


ISIN Number


Listing Date

23 Apr 2020

Financial Year

30 September


Appointed Adviser

AcaciaCap Advisors Proprietary Limited

Contact Number

011 480 8570

Email Address

Orion Real Estate Limited Details


Previous Close


Number of Deals



52 Week Range

Market Cap R '000

Shares in Issue





1 Year Return (%)

PE Ratio

DY (%)

Year to Date Return (%)



Date Time Title
02 Jul 2020 11:34 Investor update interview with CEO of Orion Real Estate Limited, Franz Gmeimer View
21 Apr 2020 11:55 Orion Listing Circular View
Issued Date Results
03 Jun 2020 14:44 Interim Results- 31 March 2020 View
22 Apr 2020 00:12 Integrated Annual Financial Report 2019 View
Corporate Actions
Type Per Share Record Date Payment Date