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Thu 14 May 2026
Close: 1 675c 
Day's move: -15c (-0.89%)
Volume: 22 792
Trades: 27
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Revenue for the interim period remained stable at R1.1 billion (R1.1 billion) and net property income was higher at R482.7 million (R470.4 million). Profit for the period and total comprehensive profit attributable to shareholders grew to R267.8 million (R227.8 million). Additionally, headline earnings per share rose to 88.22 cents per share (76.42 cents per share).
Dividend
The board of Octodec has declared a cash dividend of 64.50000 cents per share for the six months ended 28 February 2026, payable out of the company's distributable income.
Company outlook and prospects
Octodec has continued to experience an increase in leasing activities during the period under review. Although core vacancies increased, this was mostly as a result of the two large tenants vacating Capitol Towers North and Talkar and, had it not been for these two large vacates, the core vacancies would have improved to 11.8% from a like-for-like 12.5% vacancy at 28 February 2025.
General consumer confidence in South Africa has improved since the formation of the Government of National Unity. However, the outbreak of the war in the Middle East, together with the continued war between Russia and Ukraine, pose significant risks to South Africa, with the anticipated further increase in fuel prices as a consequence of the significant spike in the international price of oil creating consequential inflation risk. This situation limits the opportunity for the South African Reserve Bank to introduce further interest rate cuts. Nevertheless, the board remains committed to achieving Octodec's strategic objectives and creating increased long-term value for shareholders.
As a consequence of the aforementioned, and the assumptions noted below, management has revised its previously provided guidance of a 0% to 4% growth in distributable income per share, to between 3% and 5% per share (FY2025: 134.5 cents per share), while maintaining a minimum dividend payout ratio of 77.5% of distributable income.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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