- Distribution per share increased 12.2% y-y to 245.72c.
- Outlook for FY25 remains at least an 8% increase in dps, or 475.47 per share, at 100% payout ratio.
- Distributable income grew 12.2% from R734m to R823m.
- SA REIT LTV ratio decreased 0.5% from 35.1% y-y to 34.6% at 1H25.
- Decreased shareholding of LTE by 39.2m shares from FY24 to 1H25.
- Cash on balance sheet increased from R36.95m to R46.2m y-y.
- Retail vacancies in SA up from 2.1% at FY24 to 2.3% at 1H25.
- Salera vacancies were 0.4% at 1H25.
- French vacancies increased from 5.8% at FY24 to 6.4% at 1H25.
- NAV per share decreased 3.3% from R69.71 at FY24 to R67.40.
