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NEPIRock - pre-closing statement
Operational Update
-Net Operating Income (NOI) is projected to rise by 11% in 2025, supported primarily by the contribution from assets acquired in 2024, as well as the impact of higher rents and increased short term income.
-The EPRA occupancy rate was 98.2% as at 30 November 2025. Strong leasing momentum is expected to bring vacancy down to close to 1% by year-end.
-The collection rate was 99%, as of mid-December 2025, for the period covering January through November.
-Year-to-date tenant sales increased by 3.7% on a like-for-like basis (LFL), at the end of November 2025. Footfall on a like-for-like basis declined slightly by 0.5% year to date.
Outlook
Based on the strong operational results and performance, the Company expects that distributable earnings per share for 2025 will be approximately 3% higher relative to 2024, towards the higher end of the range previously communicated.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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