Newpark REIT forecasts lower earnings, dividend for FY2026

Newpark REIT Limited has updated its financial forecast for the year ending February 28, 2026 (FY2026), projecting revised Funds From Operations Per Share (FFOPS) to be between 41.50 and 48.50 cents per share. This represents a significant decrease of between 47.1% and 38.1% compared to the FFOPS of 78.37 cents per share for the year ended February 28, 2025. The company attributes this revised forecast to improved revenue and lower property operating costs at its multi-tenanted property.

For the six-month period ending August 31, 2025, FFOPS is expected to be 26.80 cents per share, marking a 24.5% decrease from the prior period's 35.50 cents per share. This decline is largely due to a negative reversion in rental at the JSE, partially offset by escalations in rentals and increased earnings from other properties.

Subject to board approval, Newpark intends to declare a dividend of 26.00 cents per share for the six months ended August 31, 2025, a 13.3% decrease from the 30.00 cents per share dividend for the six months ended August 31, 2024. The unaudited financial results for the six months ending August 31, 2025 are expected to be published on SENS around October 10, 2025.