Stephen Brookes gains $1.8 million this year from Balwin stake

Key Points

• Stephen Brookes’ stake in Balwin Properties has gained $1.83 million this year, pushing its value above $22 million.
• Balwin Properties’ share price has climbed 8.76% year-to-date, boosting its market cap to over $65 million.
• An investment of $100,000 in Balwin at the start of 2024 would now be worth $108,760, reflecting an $8,760 gain.

South African real estate tycoon Stephen Brookes, the founder of Balwin Properties, has seen the market value of his stake climb by more than $1 million year-to-date, driven by a rise in the share price of the property developers on the Johannesburg Stock Exchange (JSE).

Brookes, the founder of Balwin Properties, holds a controlling 33.07-percent stake in the company, translating to 171,751,457 ordinary shares. Since January 1, his stake has gained R32.63 million ($1.83 million), pushing his total stake above $22 million.

Balwin Properties’ stock climbs 8.76%

Balwin Properties, known for its large-scale estates catering to South Africa’s low-to-middle-income population, prides itself on providing affordable and environmentally efficient apartments with innovative lifestyle offerings for residents.

The company’s share price on the JSE has climbed 8.76 percent this year, rising from R2.17 ($0.12) on Jan. 1 to R2.36 ($0.13). The rally has lifted its market capitalization above $65 million, rewarding investors, including its founder, Stephen Brookes.

As a result of the uptick, Brookes’ stake in the company has increased from R372.7 million ($20.85 million) at the start of the year to R405.33 million ($22.68 million)—marking a year-to-date gain of R32.63 million ($1.83 million).

Your Money and Your Life

Year-to-date, Balwin Properties' shares have gained 8.76 percent. This rally translates into a notable return for investors—an initial $100,000 investment in Balwin at the start of 2024 would now be worth $108,760, reflecting a gain of $8,760.