2023 Highlights

	118.14 cents \| up 5.6% y-o-y Total dividend
	17.3% and 15.3% Growth in rental income and net property operating income
	9.8% \| SA 9.8%; UK 8.9% Growth in same-store rental income
	SA 91.0%; UK 84.2% Total occupancy, with same-store occupancy over 90% in SA
	21 200 m² GLA\| SA 19 200 m²; UK 2 000 m² Increase in portfolio occupancy
	R10.4 billion¹ \| up 12.2% Net investment property value
	30.8% Loan To Value (LTV) ratio, with net debt effectively hedged at 83.5%
	13 properties \| (SA 9; UK 4) Development pipeline
	6 Developments Scheduled for completion in FY24 (SA 3; UK 3)
	Nedbank JV First development completed at Morningside
	Moorfield JV First development completed at Bath
	Nuveen JV Entered into a JV with Nuveen and acquired four-store Easistore portfolio in south east England

¹Net of leasehold obligations and excludes properties held in JVs.