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Fri 18 Sep 2026
Close: 1 792c 
Day's move: -1c (-0.06%)
Volume: 2 098 907
Trades: 1 063
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Gross revenue went up to R3.1 billion (R2.9 billion) whilst net profit from property operations went up to R1.9 billion (R1.8 billion). Operating profit improved marginally to R1.6 billion (R1.5 billion). Profit attributable to owners lowered to R1.4 billion (R1.5 billion). Additionally, headline earnings per share rose to 99.8 cents per share (74.0 cents per share).
Declaration of a cash dividend
The board declared a final gross cash dividend of 54.00000 cents per share out of the company's distributable income. This brings the full-year dividend to 102.00000 cents per share (30 June 2025: 87.0 cents per share), which equates to a payout ratio of 80.3%.
Company prospects and guidance
The group expects to grow its DIPS in FY27 by between 6.0% and 9.0%, with a dividend payout ratio of 80.0%.
The anticipated growth in DIPS is expected to be driven by several key factors: NOI growth supported by rising market rentals, disciplined cost management, and the successful leasing of vacant spaces and completed developments. Furthermore, the installation of PV systems and the implementation of the power purchase agreement are expected to reduce electricity costs and enhance operational efficiencies.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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