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
	31.4% 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
	Hines 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.