Resilient (RES) FY23 – Results Snapshot

Distribution per share decreased from 438.0c to 406.2c.
Distributable income declined 9.2% y-y.
SA REIT LTV ratio increased from 34.5% to 35.0%.
SA debt increased by 3.4% y-y. Nigeria debt increased 7.9% y-y.
Cash on balance sheet decreased by 23.8% y-y to R1.1bn.
SA REIT vacancies in SA down from 1.7% to 1.5%.
France vacancies increased from 7.2% to 7.9%.
Nigeria vacancies at 1.9%.
SA REIT NAV per share increased from R54.88 to R62.98.
The development of “The Village” in Klerksdorp, a 9 000m2 convenience centre anchored by Checkers and Clicks, is expected to be completed in November 2024.
On 21 December 2023, Propco entered into an agreement for the acquisition of Salera Centro Comercial (“Salera”), a retail shopping centre in the city of Castellón de la Plana, Spain. The transaction closed and Propco took transfer of Salera on 31 January 2024.