Distributable earnings decreased 0.5% y-y to R1 788m.
Distribution per share 151.63c.
2H24 Alternative to receive the dividend in the form of NEPI Rockcastle shares in a ratio of 0,00662 NEPI Rockcastle shares for every FFB share, or cash of 70.19c.
Revenue from direct properties growth 15.7% y-y.
NAV decreased 10.4% y-y to R29 866m.
NAV per equity share increased 58.6% y-y to R25.09.
Loan-to-value ratio up from 35.9% to 38.2%
Holding of listed equities (NRP) decreased from 24.2% to 16.3%. Decrease due to re-purchase of FFA shares.
Vacancies increased from 3.7% to 4% as Fortress recycles non-core assets.
