Octodec raises distribution guidance to 6% on portfolio improvements

Octodec Investments Limited upgraded its full-year distribution growth guidance for the year ending 31 August 2025, from 2.0%-4.0% to 3.0%-6.0%.

Vacancy rates fell across the portfolio from August 2024 to July 2025. Residential vacancies dropped from 9.2% to 7.9%, offices from 24.3% to 21.1%, and retail shopping centre vacancies plunged from 5.5% to 0.2%.

The company refinanced R1.1bn in facilities and reduced borrowings to R4.3bn. It disposed of 15 properties for approximately R130m, contributing to debt reduction.