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2022 Highlights

55.30 cents | Up 7.5% on interim dividend
Final dividend


16.6% | Including 12.6% (SA) like-for-like | 28.1% (UK) like-for-like
Growth in net property operating income


24 100 m2
Increase in occupied space
SA – 9 700 m2 ; UK – 14 400 m


88.1% (SA) | 88.3% (UK)
Closing occupancy

R9.26 billion | Up 22.4%
Net investment property

27.9%
Loan to value (LTV)
84.3% hedged on a net-debt basis

485 800 m2 GLA
Portfolio - 85 properties

R322 million | Cash on hand
Strong cash position - Raised R575 million in oversubscribed bookbuild in January 2022

11 Trading properties | SA 2, UK 9
Acquisitions

14 Properties | SA 10, UK 4
Development pipeline

Construction commenced at Morningside and Bryanston
Nedbank JV

Construction commenced at Heathrow and Bath
Moorfield JV

 


1Includes 8 properties in SA, Cresta (under construction) and two properties in the UK