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FY26 Interim Highlights

59.74 cents
Interim dividend, up 4.5%


8.7% and 7.4%
Growth in rental income and net property operating income

SA 9.8%; UK 2.5%
Growth in same-store rental income

SA 92.1%; UK 88.2%
Total same-store occupancy

3 500 m2 GLA| SA 2 800 m2; UK 700 m2
Increase in portfolio occupancy

R12.2 billion1 | up 6.4%
Net investment property value

30.9%
Loan To Value (LTV) ratio, with net debt effectively hedged at 78.8%

19 properties  
Development pipeline, 78 000m2 GLA 

Lock Up Storage
Acquired in October 2025 for R95.0 million, adding 11 400m2 across two properties

New flagship property
Construction of new flagship property at De Waterkant to begin in 2026 - 6 500m2 GLA at an estimated development cost of R155.0 million (excl. Land)

2030 Property Strategy
Targeting 90 properties in SA and 70 properties in the UK


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