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Wed 17 Sep 2025
Close: 1 429c 
Day's move: -43c (-2.92%)
Volume: 361 964
Trades: 345
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Gross revenue for the year rose to R2.9 billion (R2.6 billion) with operating profit increasing to R1.5 billion (R1.1 billion). Profit for the year attributable to owners of the holding company soared to R1.5 billion (R950.4 million). Additionally, headline earnings per share ended higher on 102.3c per share (72.7c per share).
Declaration of a cash dividend
The board declared a final gross cash dividend of 43.00000 cents per share out of the company's distributable income, which equates to a payout ratio of 80.3%. This brings the full-year dividend to 87.00000 cents per share (June 2024: 69.0 cents per share).
Company prospects and guidance
The group expects to grow its DIPS in FY26 by between 7.0% and 10.0%, 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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