Our opinion on the current state of ACSION(ACS)

Acsion (ACS) is a real estate investment trust (REIT) with properties mainly in the retail sector. The portfolio is worth R8.3 billion with a gross lettable area (GLA) of 37,628 square meters across 9 properties. In its results for the year to 29th February 2024, the company reported revenue up 21% and headline earnings per share (HEPS) down 18%. The company said, "A continued area of focus is investment in renewable sources of energy to mitigate energy shortages and allow for operational cost efficiencies. The planned investment to increase our current generation capacity from 11mWp to 20mWp over the next 12 months supported by 20mWh battery storage is progressing within budget and the project completion timeline of 28 February 2025."

The problem with this share, from a private investor's perspective, is that it is relatively thinly traded with only R73,000 worth of shares changing hands on average each day. This makes it practical only for a small investment of up to R20,000.