RESULTS PRESENTATION FOR THE YEAR ENDED 31 MARCH

Size: px
Start display at page:

Download "RESULTS PRESENTATION FOR THE YEAR ENDED 31 MARCH"

Transcription

1 2018 RESULTS PRESENTATION FOR THE YEAR ENDED 31 MARCH

2 2018 OVERVIEW The year in review

3 2018 HIGHLIGHTS 7 INCOME PRODUCING PROPERTIES 2% VACANCY RATE 3% DIVIDEND GROWTH 7% ANNUAL RENTAL ESCALATION ACHIEVED 88% NATIONAL TENANTS (GLA) R142/m² MONTHLY WEIGHTED AVERAGE GROSS RENTAL/m² m² TOTAL BUILT m² OF PROPERTY PORTFOLIO 8,2% AVERAGE WEIGHTED FORWARD YIELD R32 600/m² AVERAGE TRADING DENSITY FOR THE PORTFOLIO R2,8 bn VALUATION OF PROPERTY PORTFOLIO 3

4 SAFARI INVESTMENTS 3 5 YEAR STRATEGY Our vision To be a leading mid-cap REIT driving sustained growth and returns above market average through selective property investments, thereby creating value for all our stakeholders. Our mission Our values Our strategic goals Building a property portfolio which offers: To our investors: Investments that deliver long-term income and capital growth To our communities: Social and environmental sustainability To our tenants and their clients: Highly sought-after assets To our employees: A secure and sustainable future Quality: Unlocking and delivering high-quality assets Innovation: Finding opportunities in the market through creative thinking Improvement: Making a difference for the better of our stakeholders Integrity: Acting honestly and ethically in all we do To grow, diversify and mature a specialised portfolio of premium commercial property investments both locally and abroad To achieve sustainable income and capital growth through the application of quality management within our property portfolio To continually improve the quality of the Safari brand through a renewed focused approach to investor relations and brand marketing 4

5 FIVE-YEAR FINANCIAL REVIEW Property portfolio - R2 851 million Millions Lynnwood Soweto Victorian Platz am Meer Atlyn Thabong Denlyn

6 NKOMO VILLAGE SHOPPING CENTRE Facts: m² GLA Third retail centre in Atteridgeville 80% National tenants First time representation in the Atteridgeville market: McDonalds Builders Warehouse Food Lovers Market Boxer Superstore The Gym Company Goldwagen 1 500m² office space Opening November 2018 Filling station Location 6

7 LYNNWOOD CORPORATE OFFICE PARK (DEVELOPMENT OPPORTUNITY) Facts: m² office park Small scale retail offering Convenient central location on main transport lines Well designed for optimum function and aesthetics 7

8 2018 ANNUAL FINANCIAL STATEMENTS

9 STATEMENT OF FINANCIAL POSITION Fair value of property portfolio 8 % 2018: R2.85bn 2017: R2.63bn Investment property: Inventory (apartments): R2.686bn R170m Trade & other receivables 2018: R15.3m 2017: R14.1m Stated capital 2018: R2.09bn 2017: R1.19bn Shares issued during 2018 July 2017: Aug 2017: Shares in issue 31/03/2018: shares 31/03/2017: shares 9

10 STATEMENT OF FINANCIAL POSITION Retained income 10 % 2018: R427.1m 2017: R476.5m Borrowings 65 % 2018: R335.8m 2017: R948.3m Trade & other payables 2018: R20.7m 2017: R15.8m Gearing Debt: equity Loan: value % 13% % 36% 10

11 STATEMENT OF PROFIT OR LOSS Property revenue 18 % 2018: R240.9m 2017: R203.4m Total revenue 21 % 2018: R248.6m 2017: R205.0m Operating expenses 2018: R70.9m 2017: R61.4m* * Excludes expenses claimed back from insurance Opex as % of property revenue 2018: 29% 2017: 30% 11

12 STATEMENT OF PROFIT OR LOSS Operating profit 27 % 2018: R183.5m 2017: R144.6m Finance cost 36.6 % 2018: R37.4m 2017: R59.0m Fair value adjustments 2018: R22.8m 2017: R76.4m Impairment to inventory 2018: R5m Share based payment expense 2018: R49.8m 12

13 STATEMENT OF PROFIT OR LOSS Profit before tax 32 % 2018: R109.9m* 2017: R160.6m EPS 31 % 2018: 57c 2017: 83c HEPS * Includes IFRS2 charge of R49.8m 9 % 2018: 47c 2017: 43c 13

14 NAV per share 5 % 2018: 824c 2017: 870c Distribution per share 2018 distribution period: 68c Jul 2018: 33c Dec 2017: 35c 2017 distribution period: 66c Jul 2017: 34c Dec 2016: 32c 14

15 PROPERTY PORTFOLIO OVERVIEW A virtual site visit

16 OUR GEOGRAPHICAL FOOTPRINT Swakopmund 1 NAMIBIA Gauteng 7 ATLYN Atteridgeville (cnr Phudufufu and Khoza Streets) MNANDI Atteridgeville (Maunde Street) DENLYN Mamelodi (cnr Stormvöel and Maphalla Roads) 91% RETAIL 1% MEDICAL THABONG Sebokeng (Moshoeshoe Street) <1% OFFICE 8% LIVING SOUTH AFRICA THE VICTORIAN Heidelberg (cnr Voortrekker and Jordaan Streets) PLATZ AM MEER Swakopmund, Namibia (cnr Albatros and Tsavorite Streets) 1 PROJECT UNDER CONSTRUCTION 6 VACANT STANDS 41 RESIDENTIAL UNITS 7 INCOME GENERATING ASSETS SOWETO DAY HOSPITAL Soweto (R588, Protea Glen) NKOMO VILLAGE Atteridgeville (49 Tlou Street) 16

17 TENANT MIX & VACANCY FACTOR Total tenant mix GLA Vacancy profile by sector by rentable area 12% Living 0,0% 9% Retail 2,0% Medical 0,0% 79% Office 0,0% 0% 1% 1% 2% 2% 3% A = Tenants of national listed companies and other nationals B = Tenants of national franchises and medium to large professional firms C = Local traders 17

18 RENTAL & ESCALATION Average rental for the portfolio by rental area (R/m²) Average escalation for the portfolio by rental area (R/m²) Weighted average rental 142 Average escalation 6,9% Living 75 Living 8,2% Retail 142 Retail 6,8% Medical 161 Medical 12,1% Office 151 Office 8,0% % 3% 6% 9% 12% 15% 18

19 QUALITY INVESTMENTS ENHANCED THROUGH INNOVATION, IMPROVEMENT AND INTEGRITY Inputs Enhancing quality management through technology Free Wi-Fi facilities at all our centres Hi-tech foot counting system integrated with our security cameras Solar energy, emergency power supply Outcome More effective and innovative operation of Safari business functions that improve the performance and ultimately the quality of our properties 19

20 QUALITY INVESTMENTS ENHANCED THROUGH INNOVATION, IMPROVEMENT AND INTEGRITY Inputs Reaching our community through social media A very successful social media drive Marketing platform for tenants Communication channel directly with community Outcome Strong relationships with our communities that show trust and support. Direct communication with the shoppers to identify community needs Fan growth: April March 2018 Atlyn Denlyn Thabong Victorian Platz am Meer Apr 17 Mar 18 Comparison: competitors social media - March Atlyn Denlyn Thabong Victorian Platz am Meer Fan base centre Competitor 1: 2018 Competitor 2:

21 QUALITY INVESTMENTS ENHANCED THROUGH INNOVATION, IMPROVEMENT AND INTEGRITY Inputs Making a difference through social responsibility Strong focus on upliftment of our communities Annual donations and participating in community events Investigating a sustainable long term project focused on education Outcome Community cohesion and support, fostering relationships, loyalty and trust Coastal clean-up Miss Thabong Pheli FM 21

22 PLATZ AM MEER LIFESTYLE CENTRE (SWAKOPMUND, NAMIBIA) Performance overview Trading since 2016 Number of shops 70 Total built area m² Investment value R National tenants 80% Anchor tenant Checkers Anchor turnovers N/A Fashion turnovers N/A Restaurants turnover N/A Foot count /month Average rental R118/m² Average escalation N/A Tenant mix Strengthened - offices, restaurant offering Investment value 9% down Tenancy > 95% Trading density R22 300/m² 22

23 ATLYN SHOPPING CENTRES (ATTERIDGEVILLE) Performance overview Trading since 2006 Number of shops 95 Total built area m² Investment value R National tenants 91% Anchor tenant Shoprite Anchor turnovers 4% up Fashion turnovers 9% up Restaurants turnover 6% up Foot count /month Average rental R136/m² Average escalation 7% Tenant mix Strengthened - Edgars Investment Value 9% up Tenancy > 98% Trading density R31 600/m² per annum (4% up) 23

24 THABONG SHOPPING CENTRE (SEBOKENG) Performance overview Trading since 2007 Number of shops 104 Total built area m² Investment value R National tenants 88% Major tenants Superspar and Pick n Pay Anchor turnovers 8% up Fashion turnovers 3% up Restaurants turnover 10% up Foot count /month Average rental R135/m² Average escalation 8% Tenant mix Strengthened - Boxer Investment value 9% up Tenancy > 99% Trading density R27 100/m² (12% up) 24

25 THE VICTORIAN CENTRE (HEIDELBERG) Performance overview Trading since 1997 Number of shops 40 Total built area m² Investment value R National tenants 97% Major tenant Pick n Pay Anchor turnovers 10% up Fashion turnovers 6% up Restaurants turnover 11% up Foot count - Average rental R132/m² Average escalation 6% Tenant mix Strengthened PnP Clothing, Romans, TLC Investment value 8% up Tenancy > 98% Trading density R47 300/m² per annum (12% up) 25

26 DENLYN SHOPPING CENTRE (MAMELODI) Performance overview Trading since 2003 Number of shops 109 Total built area m² Investment value R National tenants 90% Anchor tenant Shoprite Anchor turnovers 2% up Fashion turnovers 7% up Restaurants turnover 6% up Foot count /month Average rental R178/m² Average escalation 11% Tenant mix Strengthened - Woolworths Investment value 14% up Tenancy > 99% Trading density R45 600/m² (5% up) 26

27 TRADING DENSITY PER CENTRE COMPARED TO CLUR BENCHMARK Average trading density compared to Clur Benchmark - March 2018 by average annual turnover per square meter (R/m²) Trading density growth compared to Clur Benchmark - March 2018 by percentage (%) % % % % % 0 Atlyn Denlyn Thabong Victorian Platz am Meer 0% Atlyn Denlyn Thabong Victorian Platz am Meer Clur National Ave Centre Trading Density Clur National Ave Trading Density Growth 27

28 QUESTIONS THANK YOU

The abridged consolidated financial statements for the year ended 31 March 2018 and notice of annual general meeting

The abridged consolidated financial statements for the year ended 31 March 2018 and notice of annual general meeting Safari Investments RSA Limited Registration number: 2000/015002/06 Approved as a REIT by the JSE Limited JSE share code: SAR ISIN: ZAE000188280 Republic of South Africa ( Safari or the company or the group

More information

CORPORATE INFORMATION

CORPORATE INFORMATION Condensed consolidated reviewed interim financial results for the six months ended 30 September 2016 CORPORATE INFORMATION Auditors Deloitte & Touche Riverwalk Office Park, Block B 41 Matroosberg Road,

More information

INTERIM RESULTS PRESENTATION FOR THE SIX MONTHS ENDED 30 JUNE 2017

INTERIM RESULTS PRESENTATION FOR THE SIX MONTHS ENDED 30 JUNE 2017 INTERIM RESULTS PRESENTATION FOR THE SIX MONTHS ENDED 30 JUNE 2017 2 AGENDA SECTION PRESENTER INVESTMENT CASE 1 AMELIA BEATTIE FINANCIAL RESULTS 2 JOSÉ SNYDERS OPERATIONAL OVERVIEW 3 AMELIA BEATTIE LOOKING

More information

SUMMARISED CONSOLIDATED RESULTS For the year ended 30 June 2016 STRATEGIC & OPERATIONAL OVERVIEW. Canal Walk (Cape Town, Western Cape)

SUMMARISED CONSOLIDATED RESULTS For the year ended 30 June 2016 STRATEGIC & OPERATIONAL OVERVIEW. Canal Walk (Cape Town, Western Cape) SUMMARISED CONSOLIDATED RESULTS For the year ended 30 June 2016 STRATEGIC & OPERATIONAL OVERVIEW Canal Walk (Cape Town, Western Cape) 1 STRATEGY & OVERVIEW South African REIT Focused on emerging markets

More information

Integrated annual report. for the year ended 31 March

Integrated annual report. for the year ended 31 March Integrated annual report 2016 for the year ended 31 March Safari Investments SA Limited ( Safari ) is a property investment company listed on the JSE as a eal Estate Investment Trust ( EIT ) that specialises

More information

ANNUAL RESULTS FOR THE YEAR ENDED 31 AUGUST Presentation overview

ANNUAL RESULTS FOR THE YEAR ENDED 31 AUGUST Presentation overview ANNUAL RESULTS Presentation overview Rebosis highlights Sisa Ngebulana New Frontier results Mike Riley Ascension results Kameel Keshav Rebosis results Sisa Ngebulana 02 1 Key Rebosis Highlights Distribution

More information

Interim Results Presentation. 30 November 2016

Interim Results Presentation. 30 November 2016 Interim Results Presentation 30 November 2016 Presentation Outline 1. Tower Strategy 2. Financial Highlights 3. Operational Highlights 4. Tower at a Glance 5. Management Team 6. Financial Results 7. Borrowings

More information

properties CEO Andile Mazwai Director: Retail Director: Head of Human Resources Director: Marketing

properties CEO Andile Mazwai Director: Retail Director: Head of Human Resources Director: Marketing properties people ANNUAL FINANCIAL RESULTS values 12 MONTHS ENDED 31 AUGUST 2017 Forest Hill City - Centurion - Gauteng EXECUTIVE COMMITTEE CEO Andile Mazwai CFO Marelise de Lange Director: Facilities

More information

Annual Results. 12 months ended 28 February Agenda

Annual Results. 12 months ended 28 February Agenda Annual Results 28 ruary 2015 Bridging y expectations Agenda 2015 2014 2 1 12 month overview Phase 1 of turnaround strategy successfully implemented Closed-out problem contracts Closed non-performing Power

More information

annual financial results for the 12 months ended 31 August 2017

annual financial results for the 12 months ended 31 August 2017 Octodec Head Office Sharon s Place One On Mutual 012 Steyn s Place Creating value beyond financial return annual financial results for the 12 months ended 31 August 2017 agenda 1 about us 03 2 overview

More information

SA Corporate June 2018 Interim Results Presentation

SA Corporate June 2018 Interim Results Presentation SA Corporate June 2018 Interim Results Presentation September 2018 INDUSTRIAL RETAIL OFFICE RESIDENTIAL REST OF AFRICA Agenda Highlights Rory Mackey Financial Performance Antoinette Basson Portfolio Review

More information

Results presentation. for the 26 weeks ended 26 August 2018

Results presentation. for the 26 weeks ended 26 August 2018 Results presentation for the 26 weeks ended 26 August 2018 Agenda Chairman s introduction Gareth Ackerman Chairman Results overview Bakar Jakoet Chief Finance Officer Progress on our plan Richard Brasher

More information

CAPITAMALLS MALAYSIA TRUST (CMMT)

CAPITAMALLS MALAYSIA TRUST (CMMT) CAPITAMALLS MALAYSIA TRUST (CMMT) Malaysia s Largest Pure-Play Shopping Mall REIT Asian Investment Conference & Exhibition, Singapore AICE 23 2011 July *23 July 2011 2011* Disclaimer The information in

More information

ACQUISITION OF 85.0% INTEREST IN FIGTREE GROVE SHOPPING CENTRE NEW SOUTH WALES, AUSTRALIA

ACQUISITION OF 85.0% INTEREST IN FIGTREE GROVE SHOPPING CENTRE NEW SOUTH WALES, AUSTRALIA MEDIA RELEASE ACQUISITION OF 85.0% INTEREST IN FIGTREE GROVE SHOPPING CENTRE NEW SOUTH WALES, AUSTRALIA Highlights: Established sub-regional shopping centre Expected to be DPU accretive Enhances SPH REIT

More information

AUDITED SUMMARISED CONSOLIDATED RESULTS AND CASH DIVIDEND DECLARATION FOR THE YEAR ENDED 30 JUNE 2018

AUDITED SUMMARISED CONSOLIDATED RESULTS AND CASH DIVIDEND DECLARATION FOR THE YEAR ENDED 30 JUNE 2018 2018 AUDITED SUMMARISED CONSOLIDATED RESULTS AND CASH DIVIDEND DECLARATION FOR THE YEAR ENDED 30 JUNE 2018 HIGHLIGHTS Top performing SA REIT with 17.9% annualised total return to shareholders for the

More information

Management s Discussion and Analysis (MD&A)

Management s Discussion and Analysis (MD&A) Canadian Tire Corporation, Limited 2016 First Quarter Report to Shareholders 13 Weeks Ended April 2, 2016 Management s Discussion and Analysis (MD&A) 1.0 Preface... 1 1.1 Definitions... 1 1.2 Forward-looking

More information

Preliminary Results. 19 April 2011

Preliminary Results. 19 April 2011 Preliminary Results 19 April 2011 Philip Clarke Group Chief Executive 2 3 Strong platform Business built around customers and staff High quality assets Multiple opportunities for growth 4 New management

More information

Asset Management. Launched STANLIB s new brand strategy and campaign in the market with the aim of demonstrating its multi-specialist capabilities

Asset Management. Launched STANLIB s new brand strategy and campaign in the market with the aim of demonstrating its multi-specialist capabilities Online additional information 2016 24 Asset Management STANLIB provides wealth and investment management solutions for individual and institutional investors. These include Liberty policyholders, a variety

More information

Management s Discussion and Analysis

Management s Discussion and Analysis Management s Discussion and Analysis Canadian Tire Corporation, Limited First Quarter 2016 1 of 47 1.0 Preface 1.1 Definitions In this document, the terms we, us, our, Company, Canadian Tire Corporation,

More information

The Chairman of the company Dr Tsolo opened the meeting and welcomed all.

The Chairman of the company Dr Tsolo opened the meeting and welcomed all. MINUTES OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF SAFARI INVESTMENTS (RSA) LTD HELD AT IRENE COUNTRY LODGE, 391 NELMAPIUS DRIVE, IRENE, PRETORIA ON 5 NOVEMBER 2013 AT 14H06. PRESENT: Per attendance

More information

FUND UPDATE FUND FACTS: 8.0% 8.5% Retail Property Fund Wholesale Securities. Forecast Distribution Range (for the year to 30 September 2015)

FUND UPDATE FUND FACTS: 8.0% 8.5% Retail Property Fund Wholesale Securities. Forecast Distribution Range (for the year to 30 September 2015) FUND UPDATE 30 September 2014 Retail Property Fund The Fund invests primarily in retail-related property investments. It comprises a quality property portfolio of five retail properties. The properties

More information

EMAAR MALLS PJSC Q RESULTS. 6 May 2018

EMAAR MALLS PJSC Q RESULTS. 6 May 2018 EMAAR MALLS PJSC 6 May 2018 18 May 2017 1 DISCLAIMER Emaar Malls PJSC (EM) gives notice that the particulars of this presentation do not constitute any part of an offer or a contract. Given that the presentation

More information

STANLIB LISTED PROPERTY. Quorum Presentation by Keillen Ndlovu October 2012

STANLIB LISTED PROPERTY. Quorum Presentation by Keillen Ndlovu October 2012 STANLIB LISTED PROPERTY Quorum Presentation by Keillen Ndlovu October 2012 The STANLIB Listed Property Team Keillen Ndlovu Ndabezinhle Mkhize Riaan Gerber Craig Smith Head: Listed Property Funds Portfolio

More information

A r t i s R e a l E s t a t e I n v e s t m e n t T r u s t Q3-1 8 I n v e s t o r P r e s e n t a t i o n N o v e m b e r 1,

A r t i s R e a l E s t a t e I n v e s t m e n t T r u s t Q3-1 8 I n v e s t o r P r e s e n t a t i o n N o v e m b e r 1, 1 A r t i s R e a l E s t a t e I n v e s t m e n t T r u s t Q3-1 8 I n v e s t o r P r e s e n t a t i o n N o v e m b e r 1, 2 0 1 8 Forward-Looking Information 2 This presentation contains forward-looking

More information

Tour of Tower Cape Properties

Tour of Tower Cape Properties www.towerpropertyfund.co.za Tour of Tower Cape Properties Contents www.towerpropertyfund.co.za Tower Strategy Financial Highlights Operational Highlights Tower at a Glance Management Team Borrowings Valuations

More information

Momentum Retail. Mark vd Watt 4 November 2015

Momentum Retail. Mark vd Watt 4 November 2015 Momentum Retail Mark vd Watt 4 November 2015 Agenda Introduction to business unit Current structure / organogram Retail distribution review Client centricity Growth Excellence Looking ahead Agenda Introduction

More information

CPN Retail Growth Leasehold REIT. Invest ASEAN Singapore March 2018

CPN Retail Growth Leasehold REIT. Invest ASEAN Singapore March 2018 CPN Retail Growth Leasehold REIT Invest ASEAN Singapore 2018 27 28 March 2018 Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer

More information

ACQUISITION OF VARIOUS PROPERTIES

ACQUISITION OF VARIOUS PROPERTIES ACCELERATE PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2005/015057/06) Share code: APF ISIN: ZAE000185815 ( Accelerate or the Company ) (Approved as a REIT

More information

FINAL RESULTS ANNOUNCEMENT. Year ended 28 February 2013

FINAL RESULTS ANNOUNCEMENT. Year ended 28 February 2013 FINAL RESULTS ANNOUNCEMENT Year ended 28 February 2013 WILDERNESS HOLDINGS AUDITED YEAR END RESULTS Agenda Welcome & board changes Parks Tafa, Chairman Review of the period to Feb 2013 Keith Vincent, Acting

More information

INVESTOR AND ANALYST FEEDBACK

INVESTOR AND ANALYST FEEDBACK INVESTOR AND ANALYST FEEDBACK Presentation overview 1 Investor and Analyst feedback 2 Motivation for this transaction 2 1 INVESTOR AND ANALYST FEEDBACK BT NGEBS CITY - MTHATHA 3 Key themes for discussion

More information

2017 RESULTS. 22 March 2018 EMAAR MALLS PJSC

2017 RESULTS. 22 March 2018 EMAAR MALLS PJSC 22 March 2018 EMAAR MALLS PJSC DISCLAIMER Emaar Malls PJSC (EM) gives notice that the particulars of this presentation do not constitute any part of an offer or a contract. Given that the presentation

More information

Interim Results 31 March 2018

Interim Results 31 March 2018 Interim Results 31 March 2018 Green shoots Green shoots starting to show Portfolio surprised on the upside Letting vacant space but with greater incentives Benefits in 2019 Remains tough environment 2

More information

Interim Results. Six months ended 31 August 2016

Interim Results. Six months ended 31 August 2016 Interim Results Six months ended 31 August 2016 Stefanutti Stocks City A multi-disciplinary construction group (Vision) (Mission) 2 www.stefanuttistocks.com y 2 Agenda Six month overview Operational Overview

More information

INTEGRATED ANNUAL REPORT

INTEGRATED ANNUAL REPORT INTEGRATED ANNUAL REPORT 2017 ABOUT OUR REPORT FAIRVEST PROPERTY HOLDINGS LIMITED and its subsidiaries 1 JULY 2016 30 JUNE 2017 INTEGRATED AND FINANCIAL REPORTING BOUNDARY FORWARD LOOKING STATEMENTS Certain

More information

RESULTS PRESENTATION FOR THE 52 WEEKS ENDED 25 FEBRUARY 2018

RESULTS PRESENTATION FOR THE 52 WEEKS ENDED 25 FEBRUARY 2018 RESULTS PRESENTATION FOR THE 52 WEEKS ENDED 25 FEBRUARY 2018 1 Chairman s introduction Gareth Ackerman Chairman 2 3 Results overview Bakar Jakoet Chief Finance Officer Progress on our plan Richard Brasher

More information

BELL EQUIPMENT LTD Final Results Announcement & Business Review. March Prepared for the Challenging Year ahead.

BELL EQUIPMENT LTD Final Results Announcement & Business Review. March Prepared for the Challenging Year ahead. BELL EQUIPMENT LTD 2008 Final Results Announcement & Business Review March 2009 Agenda Synopsis 2008 Financial Results 2008 Understanding BELL EQUIPMENT Market View 2009-2010 Strategy Cash Flow Initiatives

More information

CONDENSED UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2016

CONDENSED UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2016 LODESTONE REIT LIMITED Incorporated in the Republic of South Africa Reg no 2010/017830/06 JSE share code LDO ISIN ZAE000197935 ( Lodestone or the Company ) CONDENSED UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

More information

Australian Unity Property Income Fund. Disclosure Principles and Benchmarks 1-3. Portfolio diversification. 31 December 2014

Australian Unity Property Income Fund. Disclosure Principles and Benchmarks 1-3. Portfolio diversification. 31 December 2014 31 December 2014 Australian Unity Property Income Fund The Australian Securities & Investments Commission (ASIC) requires responsible entities of unlisted property schemes in which retail investors invest

More information

Research. ART Argent Industrial Limited Full Year Results and Initiation Report. Valuation: Undervalued

Research. ART Argent Industrial Limited Full Year Results and Initiation Report. Valuation: Undervalued Aug-11 Nov-11 Feb-12 May-12 Aug-12 Nov-12 Feb-13 May-13 Aug-13 Nov-13 Feb-14 May-14 Aug-14 Nov-14 Feb-15 May-15 Aug-15 Nov-15 Feb-16 May-16 Research RESULTS COMMENTARY Argent released a respectable set

More information

Condensed consolidated interim results for the six months ended 31 December 2016 PROPERTY INVESTMENT EXCELLENCE

Condensed consolidated interim results for the six months ended 31 December 2016 PROPERTY INVESTMENT EXCELLENCE Condensed consolidated interim results PROPERTY INVESTMENT EXCELLENCE HIGHLIGHTS Dividend up 16,6% Acquired Skopje City Mall, Skopje, Macedonia Sale of Willowbridge South R460 million Developments of R260

More information

Contents Weighted Lease Average Expiry (WALE)... 3 Accretive Acquisition... 4 Rights Issue... 4 DPU... 4 NAV... 4 RNAV... 5 Gearing...

Contents Weighted Lease Average Expiry (WALE)... 3 Accretive Acquisition... 4 Rights Issue... 4 DPU... 4 NAV... 4 RNAV... 5 Gearing... 1 Contents Weighted Lease Average Expiry (WALE)... 3 Accretive Acquisition... 4 Rights Issue... 4 DPU... 4 NAV... 4 RNAV... 5 Gearing... 5 Capitalization Rate (aka Property Yield)... 5 AEI... 5 2 Weighted

More information

INVEST IN REITs BUILDING A GLOBAL PORTFOLIO OF PRIME REAL ESTATE BY PC WONG

INVEST IN REITs BUILDING A GLOBAL PORTFOLIO OF PRIME REAL ESTATE BY PC WONG INVEST IN REITs BUILDING A GLOBAL PORTFOLIO OF PRIME REAL ESTATE BY PC WONG DISCLAIMER The views by the author are his alone. All opinions expressed by the author are subject to change. The viewer is not

More information

Financial results presentation For six months ended 30 September 2018

Financial results presentation For six months ended 30 September 2018 Financial results presentation For six months ended 30 September 2018 Transition Plan to 31 March 2020 Targets Progress Sales and Purchases MLI to comprise 65% of total portfolio Manage timings of acquisitions

More information

Q RESULTS. 15 November 2017 EMAAR MALLS PJSC

Q RESULTS. 15 November 2017 EMAAR MALLS PJSC 15 November 2017 EMAAR MALLS PJSC DISCLAIMER Emaar Malls PJSC (EM) gives notice that: The particulars of this presentation do not constitute any part of an offer or a contract. Given that the presentation

More information

SCA Property Group. For personal use only. Investor update. Merimbula (Tura Beach), NSW

SCA Property Group. For personal use only. Investor update. Merimbula (Tura Beach), NSW SCA Property Group Investor update Merimbula (Tura Beach), NSW 28 February 2013 Delivering on objectives set out in PDS Successful formation of SCA Property Group: New units transferred to Woolworths shareholders

More information

Another Year of Record High Distributable Income

Another Year of Record High Distributable Income Annual Results 2017 Another Year of Record High Distributable Income Stable growth across all properties Signs of retail market recovery in 2H17 Financial Highlights FY 2016 FY 2017 Change Total Rental

More information

PRELIMINARY AUDITED SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

PRELIMINARY AUDITED SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018 PRELIMINARY AUDITED SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018 DIRECTORS COMMENTARY NATURE OF THE BUSINESS Resilient is an internally asset managed Real Estate Investment

More information

CAPITAL RAISE ROAD SHOW. May 2016

CAPITAL RAISE ROAD SHOW. May 2016 CAPITAL RAISE ROAD SHOW May 2016 1 PRESENTATION OUTLINE 1. Disclaimer 2. Tower History 3. Offer Summary 4. Executive Summary 5. Strategy 6. Management Team 7. Major Properties 8. Tower Post Konzum 9. Croatian

More information

SUMMARISED AUDITED GROUP ANNUAL FINANCIAL STATEMENTS

SUMMARISED AUDITED GROUP ANNUAL FINANCIAL STATEMENTS SUMMARISED AUDITED GROUP ANNUAL FINANCIAL STATEMENTS FOR THE 52 WEEKS ENDED 25 FEBRUARY 2018 KEY METRICS TURNOVER 5.3% R81.6 billion (: R77.5 billion) HEPS 7.1% 276.98 cents (: 258.65 cents*) ANNUAL DIVIDEND

More information

Unaudited Condensed Interim Financial Results. for the six months ended 31 December and Dividend Declaration

Unaudited Condensed Interim Financial Results. for the six months ended 31 December and Dividend Declaration Condensed Interim Financial Results for the six months 31 December 2018 and Dividend Declaration Contents 2 Financial Highlights 3 Operational Highlights 4 Strategic Positioning and Business Model 5 Commentary

More information

EMAAR MALLS PJSC Q RESULTS. 4 December 2018

EMAAR MALLS PJSC Q RESULTS. 4 December 2018 EMAAR MALLS PJSC 4 December 2018 1 DISCLAIMER Emaar Malls PJSC (EM) gives notice that the particulars of this presentation do not constitute any part of an offer or a contract. Given that the presentation

More information

ATTERBURY ACQUISITIONS (ATTACQ)

ATTERBURY ACQUISITIONS (ATTACQ) 1 October 2013 ATTERBURY ACQUISITIONS (ATTACQ) HIGH QUALITY PROPERTY FUND TO LIST ON 14 OCTOBER 2013 Indicative listing price R15.00 Company update; Peter Armitage One of SA s most successful property

More information

QUARTERLY UPDATE FOR PERIOD ENDING 30 JUNE 2018 FUND FACTS FUND HIGHLIGHTS PORTFOLIO UPDATE PORTFOLIO SUMMARY

QUARTERLY UPDATE FOR PERIOD ENDING 30 JUNE 2018 FUND FACTS FUND HIGHLIGHTS PORTFOLIO UPDATE PORTFOLIO SUMMARY (ARSN 163 688 346) QUARTERLY UPDATE FOR PERIOD ENDING 30 JUNE 2018 All data is at 30 June 2018 unless otherwise stated. FUND HIGHLIGHTS Distribution of 2.10 cents per Unit Portfolio occupancy had a marginal

More information

Quarterly report Q1 Q3. Short report

Quarterly report Q1 Q3. Short report 2017 Quarterly report Q1 Q3 Short report 2 PSP Swiss Property Short report Q1 Q3 2017 Key figures Key financial figures Unit 2016 Q3 2016 Q3 2017 Q1 Q3 2016 Q1 Q3 2017 +/ 1 Rental income CHF 1 000 276

More information

For personal use only

For personal use only ASX / MEDIA ANNOUNCEMENT 9 February 2015 SCA PROPERTY GROUP ANNOUNCES FIRST HALF FY15 RESULTS SCA Property Group (ASX: SCP) ( SCP or the Group ) announces its results for the six months ended 31 December

More information

Financial Results for the 6 Months ended June July Results Overview Capital Management Portfolio Performance AEIs Strategy

Financial Results for the 6 Months ended June July Results Overview Capital Management Portfolio Performance AEIs Strategy Financial Results for the 6 Months ended June 2018 27 July 2018 Results Overview Capital Management Portfolio Performance AEIs Strategy 1H2018 Results Overview HK$ M 1H 2018 1H 2017 YoY Change Excluding

More information

Montgomery House E Knapp Street

Montgomery House E Knapp Street We help investors move into and out of properties thought out Southeastern Wisconsin. Montgomery House 918-930 E Knapp Street $3,000,000 918 E K NA P P ST RE E T 23 Unit Turn of the century apartment building,

More information

FORTUNE REAL ESTATE INV TRUST. Media Release - Fortune REIT 1H2007 Financial Results. Media_Release_Fortune_REIT_1H2007_Financial_Results.

FORTUNE REAL ESTATE INV TRUST. Media Release - Fortune REIT 1H2007 Financial Results. Media_Release_Fortune_REIT_1H2007_Financial_Results. Print this page Miscellaneous * Asterisks denote mandatory information Name of Announcer * Company Registration No. Announcement submitted on behalf of Announcement is submitted with respect to * Announcement

More information

12 month overview. Operational Overview. Financial Results. Conclusion

12 month overview. Operational Overview. Financial Results. Conclusion Annual Results 12 months ended 29 ruary 2016 Agenda 12 month overview Operational Overview Financial Results Conclusion 2 1 12 month overview Reasonable financial performance in current market All Business

More information

S&P 500 Real Estate Company

S&P 500 Real Estate Company Investor Presentation September 2015 S&P 500 Real Estate Company Core Values - Humility, Attitude, Do the Right Thing, Together and Own It. Assets Portfolio comprised of high-quality regional malls complemented

More information

REBOSIS PROPERTY FUND

REBOSIS PROPERTY FUND REBOSIS PROPERTY FUND 31 July 2012 JSE SHOWCASE 1 REBOSIS SNAPSHOT KEY SNAPSHOT Listing date 17 May 2011 JSE classification JSE code Real Estate Holdings & Development REB (ZAE000156147) Linked units in

More information

SCA PROPERTY GROUP ANNOUNCES FIRST HALF FY19 RESULTS

SCA PROPERTY GROUP ANNOUNCES FIRST HALF FY19 RESULTS MEDIA ANNOUNCEMENT 4 February 2019 SCA PROPERTY GROUP ANNOUNCES FIRST HALF FY19 RESULTS SCA Property Group (ASX: SCP) ( SCP or the Group ) is pleased to announce its results for the six months ended 31

More information

SITE CENTERS NOVEMBER 2018

SITE CENTERS NOVEMBER 2018 SITE CENTERS NOVEMBER 2018 FORWARD LOOKING STATEMENTS The Company considers portions of the information contained in this presentation to be forward-looking statements within the meaning of Section 27A

More information

AMERICAN FINANCE TRUST. 2 nd Quarter 2017 Investor Presentation

AMERICAN FINANCE TRUST. 2 nd Quarter 2017 Investor Presentation AMERICAN FINANCE TRUST 2 nd Quarter 2017 Investor Presentation Overview Strong Portfolio: 516 properties, comprised of 19.2 million rentable square feet, which were 95.8% leased (1) Leverage: 39.6% Total

More information

Summarised Audited Group annual Financial statements. For the 52 weeks ended 26 February

Summarised Audited Group annual Financial statements. For the 52 weeks ended 26 February Summarised Audited Group annual Financial statements For the 52 weeks ended 26 February 2017 Turnover 7.0% R77.5 billion (2016: R72.4 billion) HEPS 18.0% 264.35 cents (2016: 224.04 cents) Total dividend

More information

Photographs of Equites property portfolio and management can be accessed here. Alternatively, please contact Investorsense at the details below.

Photographs of Equites property portfolio and management can be accessed here. Alternatively, please contact Investorsense at the details below. 11 October 2018 EQUITES DISTINCTIVE LOGISTICS PORTFOLIO CONTINUES TO SHINE Photographs of Equites property portfolio and management can be accessed here. Alternatively, please contact Investorsense at

More information

Investor Presentation November 2018

Investor Presentation November 2018 Investor Presentation November 2018 FORWARD LOOKING STATEMENTS Certain statements contained in this document constitute forward-looking information within the meaning of securities laws. Forward-looking

More information

Takashimaya Company, Limited Takashimaya Reports Earnings for the Year Ended February 28, 2018

Takashimaya Company, Limited Takashimaya Reports Earnings for the Year Ended February 28, 2018 Takashimaya Company, Limited Takashimaya Reports Earnings for the Year Ended February 28, 2018 Tokyo, Japan April 9, 2018 Takashimaya Company, Limited (TSE Security Code 8233) announced consolidated operating

More information

ANNUAL GENERAL MEETING 2010

ANNUAL GENERAL MEETING 2010 ANNUAL GENERAL MEETING 2010 Business Overview Sales channel Products Sourcing Footprint Key Facts Business to business distribution 4.6bn revenue in 2009 Wide range of non-food consumable products From

More information

GROUP INTERIM RESULTS August 2018

GROUP INTERIM RESULTS August 2018 GROUP INTERIM RESULTS 2018 31 August 2018 AGENDA 1 2 CONCLUDING OVERVIEW FINANCIAL REVIEW REMARKS Peter Moyo, Group CEO Casper Troskie, Group CFO Peter Moyo, Group CEO 4 3Q&A 2 OVERVIEW Starting our journey,

More information

SCA PROPERTY GROUP. 12 December Kwinana Marketplace, WA

SCA PROPERTY GROUP. 12 December Kwinana Marketplace, WA SCA PROPERTY GROUP 12 December 2017 Kwinana Marketplace, WA SCP HISTORY SCP was created by Woolworths Limited and listed on the ASX in December 2012 to act as a landlord for a number of its shopping centres

More information

Liberty Holdings Limited Financial results presentation for the year ended 31 December

Liberty Holdings Limited Financial results presentation for the year ended 31 December Liberty Holdings Limited Financial results presentation 2016 for the year ended 31 December Results agenda Annual results 2016 Group financial Operational activities Conclusion preview and strategic performance

More information

Not Rated Thiam Chiann Wen ext:1664

Not Rated Thiam Chiann Wen ext:1664 MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 IPO Monday, 3 September 2012 FBM KLCI: 1,646.11 Sector: REIT IGB Real Estate Investment Trust Fair

More information

CapMan alternative asset manager in the Nordic region and Russia

CapMan alternative asset manager in the Nordic region and Russia CapMan alternative asset manager in the Nordic region and Russia Annual General Meeting 2010 Heikki Westerlund, CEO, CapMan Plc 30 March 2010 CapMan update Market environment Contents Financials 2009 2

More information

Artis Real Estate Investment Trust Investor Presentation Q2-2018

Artis Real Estate Investment Trust Investor Presentation Q2-2018 Artis Real Estate Investment Trust Investor Presentation Q2-2018 Forward Looking Statements This presentation may contain forward-looking statements. For this purpose, any statements contained herein that

More information

Investor Open Day. Wednesday, 9 th April 2014

Investor Open Day. Wednesday, 9 th April 2014 Investor Open Day Wednesday, 9 th April 2014 Agenda 08h00 08h15 Byron Nichles Corporate division and Group strategy 08h15 08h30 Blayne Burke Electrical division 08h30 08h45 Peter Willig Lighting division

More information

TALIS PROPERTY FUND.

TALIS PROPERTY FUND. TALIS PROPERTY FUND www.talis.properties It doesn t matter if a cat is black or white as long as it catches mice Response by Deng Xiaoping regarding modern economic reforms in China Talis Property Fund

More information

Hansteen. Full Year Results to 31 December Tilburg, Netherlands

Hansteen. Full Year Results to 31 December Tilburg, Netherlands Hansteen Full Year Results to 31 December 2016 Tilburg, Netherlands Contents Introduction Hansteen 2016 results Sale announcement Sale of German and Dutch Portfolio 2016 Annual Results 2016 Property Performance

More information

Property Acquisitions

Property Acquisitions Property Acquisitions 7 november 2013 Overview Property Acquisitions I 7 November 2013 I page 1 Strategic acquisitions of quality assets in core locations with value add potential Mirvac has entered into

More information

Summary of Submitted 2015 Budget From Rates

Summary of Submitted 2015 Budget From Rates London & Middlesex Housing Corporation Summary of Submitted 2015 Budget From Rates Service Expense 2014 2015 Revised Budget Draft Budget Non Tax Revenue Net Tax Supported Expense Non Tax Revenue Increase

More information

Company Presentation November 2017

Company Presentation November 2017 Company Presentation November 2017 FORWARD-LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES Forward Looking Statements Certain information set forth in this presentation contains forward-looking statements

More information

INVESTORPRESENTATION MARCH 2018

INVESTORPRESENTATION MARCH 2018 INVESTORPRESENTATION MARCH 2018 Overview GGP s mission is to create engaging environments and experiences at its properties located throughout the United States GGP s 1,700 employees share a common set

More information

Investment Perspectives A Deeper Understanding of Real Estate Investment Trusts (REITs) Presentation by:

Investment Perspectives A Deeper Understanding of Real Estate Investment Trusts (REITs) Presentation by: Investment Perspectives A Deeper Understanding of Real Estate Investment Trusts (REITs) Presentation by: Nozipho Makhoba Ag. CEO: STANLIB Fahari I-REIT Wednesday, 17 th October 2018 What is a REIT A REIT

More information

April 2014 Based on Year-End 2013

April 2014 Based on Year-End 2013 April 2014 Based on Year-End 2013 Forward Looking Statements Certain statements contained in this document constitute forward-looking information within the meaning of securities laws. Forward-looking

More information

SUSTAINABLE INVESTOR RETURNS THROUGH THE ACTIVE OPERATION AND REDEVELOPMENT OF HIGH QUALITY SHOPPING CENTERS IN SUPPLY CONSTRAINED MARKETS.

SUSTAINABLE INVESTOR RETURNS THROUGH THE ACTIVE OPERATION AND REDEVELOPMENT OF HIGH QUALITY SHOPPING CENTERS IN SUPPLY CONSTRAINED MARKETS. OUR COMPANY 1 OUR PURPOSE EQUITY ONE SEEKS TO PRODUCE SUSTAINABLE INVESTOR RETURNS THROUGH THE ACTIVE OPERATION AND REDEVELOPMENT OF HIGH QUALITY SHOPPING CENTERS IN SUPPLY CONSTRAINED MARKETS. THE RESILIENCE

More information

ACQUISITION OF VARIOUS PROPERTIES AND PRIVATE PLACEMENT

ACQUISITION OF VARIOUS PROPERTIES AND PRIVATE PLACEMENT ANNUITY PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2011/145994/06) Share code: ANP ISIN: ZAE000165643 ( Annuity or the Company ) ACQUISITION OF VARIOUS PROPERTIES

More information

Global Property Fund. Supplement to the Prospectus. for. NEDGROUP INVESTMENTS FUNDS PLC (an umbrella fund with segregated liability between Sub-Funds)

Global Property Fund. Supplement to the Prospectus. for. NEDGROUP INVESTMENTS FUNDS PLC (an umbrella fund with segregated liability between Sub-Funds) Global Property Fund Supplement to the Prospectus for NEDGROUP INVESTMENTS FUNDS PLC (an umbrella fund with segregated liability between Sub-Funds) This Supplement contains specific information in relation

More information

3Q 2013 Financial Results

3Q 2013 Financial Results 3Q 2013 Financial Results 23 October 2013 0 3Q 2013 Financial Results *23 October 2013* Disclaimer This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties.

More information

SA Post Office Quarter 1 Performance (30 June 2015)

SA Post Office Quarter 1 Performance (30 June 2015) SA Post Office Performance (30 June 2015) Agenda 1 OVERVIEW 2 FINANCIAL OVERVIEW 3 PROGRESS ON IMPLEMENTATION OF STP 4 PEFORMANCE INDICATORS 5 NEXT STEPS 2 Overview Postal services and Courier revenue

More information

Year-end results. 18 May

Year-end results. 18 May Year-end results 18 May Highlights for the year Strong operational performance Good performance across all areas of activity Deepened our core franchise Sound levels of corporate client and private client

More information

Mr Price Group Limited Interim Results September 2012

Mr Price Group Limited Interim Results September 2012 Mr Price Group Limited Interim Results September 2012 Group Highlights RETAIL SALES AND OTHER INCOME R6.2bn 14.5% OPERATING PROFIT R825m 21.2% OPERATING MARGIN 13.7% 0.8% HEADLINE EARNINGS PER SHARE 253.2c

More information

Caesars Entertainment WeChat Marketing. China-Friendly 2.0 November, 2017

Caesars Entertainment WeChat Marketing. China-Friendly 2.0 November, 2017 Caesars Entertainment WeChat Marketing China-Friendly 2.0 November, 2017 Caesars Entertainment: The World s Premier Provider of Branded Resort Entertainment Since 1937 CAESARS ENTERTAINMENT OVERVIEW Facts

More information

ATRIUM COMPANY PRESENTATION

ATRIUM COMPANY PRESENTATION ATRIUM COMPANY PRESENTATION THE LEADING OWNER & MANAGER OF CENTRAL EASTERN EUROPEAN SHOPPING CENTRES August 2017 ATRIUM LEADING OWNER & MANAGER OF CEE SHOPPING CENTRES Strong management team with a proven

More information

ANNUAL GENERAL MEETING METRO AG. 15 February 2019

ANNUAL GENERAL MEETING METRO AG. 15 February 2019 ANNUAL GENERAL MEETING METRO AG 15 February 2019 DISCLAIMER AND NOTES To the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements.

More information

Unaudited Interim results

Unaudited Interim results Unaudited Interim results 2018 creating value beyond financial return creating value beyond fi nancial return Octodec Investments Limited (Octodec or the group or the company) is listed on the JSE Limited

More information

Institutional Presentation. March

Institutional Presentation. March Institutional Presentation March 2013 Marisa at a glance Largest women fashion and lingerie retailer in Brazil 64 years of track record Focus on the middle class National footprint 2 Multiformat store

More information

For personal use only

For personal use only ASX/MEDIA RELEASE 29 May 2012 MARKET & INVESTOR UPDATE Centro Retail Australia ( CRF ) announces an update on a number of recent corporate and strategic activities and releases the attached investor presentation.

More information

BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION 18 December 2018

BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION 18 December 2018 KHULA SIZWE BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION 18 December 2018 The Circular published on 18 December 2018 is the main source of detailed information on the proposed B-BBEE transaction,

More information

Investor Presentation Sandler O Neill Global Exchange and Brokerage Conference. Peter Hiom June 2015

Investor Presentation Sandler O Neill Global Exchange and Brokerage Conference. Peter Hiom June 2015 Investor Presentation Sandler O Neill Global Exchange and Brokerage Conference Peter Hiom June 2015 Disclaimer The material contained in this document is a presentation of general information about the

More information

2015 INTERIM RESULTS

2015 INTERIM RESULTS 2015 INTERIM RESULTS Welcome Robert Noel Chief Executive 2 London development improving portfolio and income quality 3 Retail transformation under themes of dominance, experience and convenience Trinity

More information