SA Corporate Real Estate announces increased dividend and earnings
SA Corporate Real Estate Limited (JSE: SACE) has released its audited summary consolidated financial results for the year ended 31 December 2024, showcasing a 5.1% increase in distributable income to R680.9 million, or 27.08 cents per share. Total net property income rose to R1.5 billion, with like-for-like NPI increasing by 6.7% to R1.1 billion. The company has contracted disposals worth R908.6 million. Traditional portfolio vacancies stand at 1.5% of GLA, while residential portfolio vacancies range from 3.0% to 5.1%. Revenue increased to R2.941 billion, and operating profit reached R1.407 billion. Headline earnings per share are reported at 26.12 cents, and net asset value per share is 443 cents. A distribution of 24.37 cents per share has been declared, representing a 90% payout ratio.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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