FY25 Interim Highlights

	63.51 cents \| up 3.5% y-o-y Interim distributable income per share
	57.16 cents Interim dividend based on 90% payout ratio
	SA 8.2%; UK 2.4% Growth in same-store average rental rate
	8.7% \| SA 10.8%; UK 6.8% Growth in same-store rental income
	SA 92.0%; UK 85.3% Total occupancy, with same-store occupancy over 90% in SA
	12 200 m² GLA\| SA 8 900 m²; UK (3 300 m² ) Increase in portfolio occupancy
	R11.458 billion¹ \| up 5.4% Net investment property value
	10.9% Total return (dividend and SA REIT NAV growth per share)
	31.3% Loan To Value (LTV) ratio, with net debt effectively hedged at 81.2%
	107¹ Total portfolio
	11 properties Development pipeline
	10² Growth in stores over 12-month period
	R500 million Successful debt auction concluded in April 2024

¹Includes owned, JV and third-party managed properties
²Includes five new developments completed in JV partnerships (SA:2;UK:3), four properties in the UK added to third-party managment platform and acquisition of Extra Attic in SA