No Interim distribution.
Distributable income down 8.3% y-y. DIPS decreased 13.4% from 203.4c to 176.1c for 1H24.
LTV ratio increased from 36.3% to 37.4%.
ICR decreased from 2.8x to 2.3x.
Competition tribunal approved Table Bay Mall acquisition.
Cost of debt increased from 5.9% to 7%
Retail vacancies in SA improved from 1.5% to 1.3%.
Retail vacancies in CEE rate improved going from 0.6% to 0.3%.
NAV per share increased from R61.2 to R61.5 y-y.
Table Bay Transaction still planned for April 24.
