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First Mutual Properties Limited (Zimbabwe)

Main Activities: Lessors of Nonresidential Buildings (except Miniwarehouses) | Management of Companies and Enterprises
Full name: First Mutual Properties Limited Profile Updated: October 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

First Mutual Properties Limited is an holding company that operates commercial and retail properties in the major towns of Zimbabwe. These include office parks, high-rise buildings in CBDs, retail, industrial premises and warehouses. At the demutualisation of Afre Corporation (formerly First Mutual Limited) back in 2003, there was an amalgamation of 8 companies bestowed with ownership of the Group’s diversified physical properties. The consolidation of these led to the formation of Pearl Properties (2006) Limited which was subsequently listed on the Zimbabwe Stock Exchange in August 2006.
_x000D_ Pearl Properties (2006) Limited operates commercial and retail properties in Zimbabwe. It operates office parks, high-rise buildings, retail, and industrial premises and warehouses. The company also engages in the management and development of properties, strategic acquisitions and disposal of real estates, and lease administration and facilities management. Pearl Properties (2006) Limited was formerly known as First Mutual Properties (Private) Limited and changed its name in August 2006. The company was incorporated in 2003 and is based in Harare, Zimbabwe. Pearl Properties (2006) Limited operates as a subsidiary of AFRE Corporation.

Headquarters
First Floor, First Mutual Park, 100 Borrowdale Road, P.O. Box Mp373, Mount Pleasant
Harare; Harare;

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Website: http://www.firstmutualproperties.co.zw

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2003
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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64.42%
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13.67%
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7.79%
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7.23%
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3.2%
Subsidiaries
Arundel Office Park (Private) Limited
100%
First Mutual Commercial Enterprises (Private) Limited
100%
First Mutual Investment Company (Private) Limited
100%
Company Performance
Financial values in the chart are available after First Mutual Properties Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
547.59%
Total operating revenue
272.76%
Operating profit (EBIT)
335.46%
EBITDA
336.32%
Net Profit (Loss) for the Period
N/A
Total assets
-15.05%
Total equity
-24.04%
Operating Profit Margin (ROS)
45.02%
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Quick Ratio
1.3%
Cash Ratio
0.31%

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