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2024 Highlights

118.7 cents
Total dividend

14.8% and 14.4%
Growth in rental income and net property operating income

SA 12.7%; UK 3.0%
Growth in same-store rental income

SA 92.1%; UK 83.5%
Total same-store occupancy

10 700 m2 GLA| SA 8 700 m2; UK 2 000 m2
Increase in portfolio occupancy

R11.3 billion1 | up 8.8%
Net investment property value

Loan To Value (LTV) ratio, with net debt effectively hedged at 85%

13 properties | (SA 8; UK 5)
Development pipeline

2 Developments
Scheduled for completion in FY25

Succeccful debt auction
Raised R500 million below price guidance

Entered into third-party management agreement with Hines post year end

Joint Venture
Excellent strategic progress made in JV structures, opening or acquiring 12 properties

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