Company MAS P.L.C.

Equities

MSP

VGG5884M1041

Real Estate Development & Operations

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

Group companies

Sector

Sales per Business

Sales per region

Chiffre d''affaires - Rate of surprise

Sector Other Real Estate Development & Operations

End-of-day quote Johannesburg S.E. Other stock markets 06:00:00 2024-04-18 pm EDT			5-day change	1st Jan Change
15.9 ^ZAR	+0.63%		-2.39%	-8.15%

Mar. 12	PK Investments Limited reached agreement to acquire a 6.70856% stake in MAS P.L.C. from Attacq Limited for approximately ZAR 780 million.	CI
Mar. 04	MAS P.L.C. Reports Earnings Results for the Half Year Ended December 31, 2023	CI

MAS PLC specialises in the development, owning and management of real estate assets located in Central and Eastern Europe, primarily in Romania, Bulgaria and Poland.

At the end of June 2022, the portfolio, with a total leasable area of 429,400 m2, was valued at market value at EUR 938.3 million.

Rental income is distributed geographically as follows: Central and Eastern Europe (74.9%), Western Europe (8%) and other (17.1%).

Number of employees: 23

ZAR in Million	2022	Weight	2023	Weight	Delta
Central and Eastern Europe Direct Portfolio 95.7 %	573	92.0 %	1,118	95.7 %	+95.17%
Discontinued Operations -6.3 %	-94	-15.1 %	-74	-6.3 %	-21.52%
Reconciling Items 4.6 %	-48	-7.8 %	54	4.6 %	-211.70%
Western Europe Direct Portfolio 3.6 %	61	9.8 %	43	3.6 %	-30.61%
Central and Eastern Europe Development Joint Venture 2.3 %	131	21.0 %	27	2.3 %	-79.37%

ZAR in Million	2022	Weight	2023	Weight	Delta
Central and Eastern Europe 98.0 %	704	113.0 %	1,145	98.0 %	+62.69%
Discontinued Operations -6.3 %	-94	-15.1 %	-74	-6.3 %	-21.52%
Reconciling Items 4.6 %	-48	-7.8 %	54	4.6 %	-211.70%
Western Europe 3.6 %	61	9.8 %	43	3.6 %	-30.61%

Managers	Title	Age	Since
Irina Grigore CEO	Chief Executive Officer	-	21-02-23
Nadine Bird DFI	Director of Finance/CFO	-	23-01-31
Raluca Buzuleac COO	Chief Operating Officer	-	19-10-31
Monica Petre CMP	Compliance Officer	-	19-12-31
Stefan Briffa BRD	Director/Board Member	-	23-08-30
Dan Petrisor IRC	Investor Relations Contact	-	19-11-19
Mitran Simona PRN	Corporate Officer/Principal	-	19-12-31

Members of the board	Title	Age	Since
Corneliu Pascariu BRD	Director/Board Member	74	20-01-12
Brett Nagle BRD	Director/Board Member	47	19-12-09
Vasile Iuga BRD	Director/Board Member	69	20-01-12
Dan Petrisor IRC	Investor Relations Contact	-	19-11-19
Claudia Pendred BRD	Director/Board Member	66	19-12-30
Irina Grigore CEO	Chief Executive Officer	-	21-02-23
Raluca Buzuleac COO	Chief Operating Officer	-	19-10-31
Mihail Vasilescu BRD	Director/Board Member	-	22-12-12
Nadine Bird DFI	Director of Finance/CFO	-	23-01-31
Stefan Briffa BRD	Director/Board Member	-	23-08-30

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	716,145,729	480,306,244 ( 67.07 %)	28,100,380 ( 3.924 %)	67.07 %

Name	Equities	%	Valuation
STANLIB Asset Management (Pty) Ltd. 3.308 %	23,688,998	3.308 %	21 M R
Catalyst Fund Managers (Pty) Ltd. 1.721 %	12,326,521	1.721 %	11 M R
Sesfikile Capital (Pty) Ltd. 0.6741 %	4,827,748	0.6741 %	4 M R
M&G Investment Managers (Pty) Ltd. 0.6440 %	4,612,096	0.6440 %	4 M R
Momentum Manager of Managers (Pty) Ltd. 0.5345 %	3,827,966	0.5345 %	3 M R
Satrix Managers (RF) Pty Ltd. 0.4965 %	3,555,582	0.4965 %	3 M R
Absa Asset Management Pty Ltd. (Investment Management) 0.4910 %	3,516,143	0.4910 %	3 M R
Momentum Asset Management Pty Ltd. 0.4909 %	3,515,469	0.4909 %	3 M R
STANLIB Multi-Manager (Pty) Ltd. 0.4851 %	3,473,991	0.4851 %	3 M R
Sanlam Multi Manager International (Pty) Ltd. 0.4787 %	3,428,017	0.4787 %	3 M R

MAS Plc

Marina Business Centre Abate Rigord Street

XBX1129, Ta’ Xbiex

+356 27 66 36 91

http://www.masrei.com

Name	Category and Sector
Land Development Proiect SRL
MAS (BVI) Holdings Ltd.
New Uberior House Ltd. New Uberior House Ltd. Financial ConglomeratesFinance New Uberior House Ltd. engages in the investment services. The company was founded on December 13, 2013 and is headquartered in St. Helier, the United Kingdom.	Financial Conglomerates
Galleria Stara Zagora AD Galleria Stara Zagora AD Real Estate DevelopmentFinance Galleria Stara Zagora AD is a private company that operates a shopping mall. The company is based in Stara Zagora, Bulgaria.	Real Estate Development
New Waverley 14 Ltd.
PKM CEE Investments Ltd. PKM CEE Investments Ltd. Financial ConglomeratesFinance PKM CEE Investments Ltd. engages in the provision of investment services. The company was founded on September 19, 2016 and is headquartered in Douglas, the United Kingdom.	Financial Conglomerates
MAS Securities BV MAS Securities BV Investment Trusts/Mutual FundsMiscellaneous Part of MAS Plc, MAS Securities BV provides custodial and trust services. The private company is based in The Hague, Netherlands. Founded in 2021.	Investment Trusts/Mutual Funds
PK Bronze SRL
PK Green SRL
PK Vanilla SRL
PK Denim SRL
PK Grizzly SRL
Mas Cee Holdings Ltd.
Galeria Burgas JSC Galeria Burgas JSC Real Estate DevelopmentFinance Part of Globe Trade Centre SA, Galeria Burgas JSC is a real estate firm. The private company is located in Bulgaria. Galeria Burgas JSC was acquired by GTC Real Estate Investments Bulgaria BV on September 06, 2007 for $15.29 million.	Real Estate Development

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.7802 EUR

Average target price

1.22 EUR

Spread / Average Target

+56.37%

Consensus

Company calendar

Real Estate

Real Estate

Real Estate Operations

Real Estate Development & Operations

Other Real Estate Development & Operations

	1st Jan change	Capi.
MAS P.L.C.	-8.15%	568M
MITSUI FUDOSAN CO., LTD.	+36.25%	29.25B
SUN HUNG KAI PROPERTIES LIMITED	-17.11%	25.9B
DLF LIMITED	+17.79%	25.36B
MITSUBISHI ESTATE CO., LTD.	+44.00%	23.09B
CHINA RESOURCES LAND LIMITED	-16.07%	21.67B
EMAAR PROPERTIES	+4.67%	20.17B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+29.30%	16.98B
CHINA OVERSEAS LAND & INVESTMENT LTD.	-16.28%	16.07B
SM PRIME HOLDINGS, INC.	-17.02%	14.15B

Other Real Estate Development & Operations