Putprop declares dividend, reports strong financial performance

Putprop Limited reported an audited consolidated profit for the year ended June 30, 2025, with EPS increasing to 119.31 cents (2024: 91.82 cents) and HEPS rising to 60.86 cents (2024: 46.54 cents). Rentals and recoveries stood at R140.363m, contributing to an operating profit of R90.228m and an operating profit margin of 64.2%. The company's net asset value per share is 1,111 cents.

The Board declared a final dividend of 8.50 cents per ordinary share for the year ended June 30, 2025, bringing the total dividend per share for the year to 15.50 cents. Key dates include a declaration date of Friday, September 5, 2025, and payment on Monday, October 6, 2025. The company maintains a strong retention of 100% of tenants whose leases expired during the review period.

The Annual General Meeting will be held on Thursday, November 6, 2025, at 11:30 at Boardroom 1, 22 Impala Road, Chislehurston, Sandton. Shareholders must be registered by Friday, October 31, 2025, to attend and vote. The 2025 AFS, which received an unqualified audit opinion from HLB CMA South Africa, is available on the JSE cloudlink and the company's website.