Total assets R102.4bn up from R101.9bn at FY24.
Revenue increased by 3.5% y-y from R5 214bn to R5 394.
Distribution per share increased from 20.27 to 20.42c y-y.
Distributable income increased 0.7% y-y. DIPS increased from 25.34c to 25.52c.
SA REIT LTV ratio decreased from 42.3% at FY24 to 41.2%.
ICR improved from 2.1x at FY24 to 2.2x.
Group net operating margin up from 75.1% at FY24 to 76.9%.
Cash on balance sheet increased from R528m to R936m y-y.
SA REIT vacancies down from 6.6% at FY24 to 6.2%.
NAV per share decreased from R7.88 at FY24 to R7.82.
