Resilient REIT announces higher dividend and FY24 results
Resilient REIT (JSE: RESE) announced its audited financial results for the year ended December 31, 2024, declaring a final dividend of 221.28 cents per share. The total dividend for FY24 reached 440.25 cents per share, an 8.4% increase from FY23 and exceeding the upper end of provided guidance by 1.7%. The South African portfolio saw a 7.5% increase in comparable net property income (NPI). Retail sales increased by 3.5% with turnover growth achieved at Jabulani Mall by 13.6% and Mams Mall by 13.1%. The company elected to receive 75% of Lighthouse dividend as a scrip dividend and invested R300 million during its equity raise, which now owns 30.4%. Resilient expects FY25 distribution growth of approximately 5.5%, projecting 464.46 cents per share and to supply 39.2% of Resilient's total energy consumption via the expansion of solar and battery installations. The company expects its distribution to increase by approximately 5% in FY2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when RESILIENT REIT LIMITED publishes news
Free account required • Unsubscribe anytime