| |
Retail |
Office |
Industrial |
Healthcare |
Trading and development |
Total |
V&A |
| |
2020 |
2020 |
2020 |
2020 |
2020 |
2020 |
2020 |
| Asset value (Rm) |
24 915 |
26 759 |
27 672 |
29 793 |
12 373 |
13 307 |
2 802 |
2 645 |
1 064 |
900 |
68 826 |
73 404 |
8 801 |
9 447 |
| Number of properties |
46 |
47 |
166 |
168 |
208 |
215 |
6 |
5 |
6 |
5 |
432 |
440 |
1 |
1 |
| Gross lettable area (GLA)(m2) |
1 356 981 |
1 365 391 |
1 708 285 |
1 672 090 |
2 262 728 |
2 308 913 |
89 637 |
77 219 |
55 403 |
70 200 |
5 473 034 |
5 493 733 |
232 531 |
227 415 |
| GLA as a % of RSA portfolio |
24.8 |
24.9 |
31.2 |
30.4 |
41.4 |
42.0 |
1.6 |
1.4 |
1.0 |
1.3 |
100 |
100.0 |
– |
– |
| Value per m2 (excluding bulk) (R) |
18 254.0 |
19 479 |
15 721.0 |
17 201 |
5 165.0 |
5 475 |
30 648.0 |
33 512 |
24 063 |
12 821 |
12 266.0 |
12 871 |
36 053.3 |
39 568 |
| Capital expenditure (Rm) |
180.0 |
393.6 |
512.0 |
706.7 |
144.0 |
380.2 |
2.0 |
56.2 |
175.0 |
444.7 |
1 013.0 |
1 981.4 |
227.0 |
251.7 |
| Gross property revenue (Rm) |
3 116.0 |
3 108 |
3 193.0 |
3 342 |
1 550.0 |
1 515 |
289.0 |
263.0 |
193.0 |
41.0 |
8 341.0 |
8 269 |
661.0 |
920.0 |
| Property expenses (Rm) |
(923.0) |
(994.0) |
(892.0) |
(965.0) |
(389.0) |
(401.0) |
(33.0) |
(41.0) |
(5.0) |
(11.0) |
(2 242.0) |
(2 412) |
(259.0) |
(326.0) |
| Property expense ratio (%) |
29.6 |
32.0 |
27.9 |
28.9 |
25.1 |
26.5 |
11.4 |
15.6 |
2.6 |
26.8 |
26.9 |
29.2 |
39.2 |
35.4 |
| Net property income (Rm) |
2 193.0 |
2 114 |
2 301.0 |
2 377 |
1 161.0 |
1 114 |
256.0 |
222.0 |
188.0 |
30.0 |
6 099.0 |
5 857 |
402.0 |
594.0 |
| Net property income as a % of RSA portfolio |
36.0 |
36.1 |
37.7 |
40.6 |
19.0 |
19.0 |
4.2% |
3.8 |
3.1% |
0.5 |
100 |
100 |
– |
– |
| Vacancies (%) |
6.2 |
5.1 |
19.9 |
15.4 |
9.4 |
7.1 |
– |
– |
– |
46.8 |
11.6 |
9.5 |
3.0 |
1.5 |
| Arrears (Rm) |
148.2 |
207.6 |
91.4 |
161.2 |
59.0 |
116.3 |
5.1 |
25.1 |
4.5 |
0.8 |
308.2 |
511.0 |
85.0 |
120.5 |
| Bad debt (I/S) (Rm) |
22.9 |
96.0 |
(14.0) |
88.0 |
25.9 |
64.0 |
(5.9) |
6.0 |
1.0 |
– |
29.9 |
254.0 |
18.4 |
67.4 |
| Average gross rental (per m2/month) |
203.1 |
204.0 |
166.2 |
163.0 |
60.4 |
58.0 |
295.0 |
296.0 |
– |
– |
132.0 |
130.0 |
213.1 |
190.0 |
| Average annualised yield (%) |
8.9 |
8.5 |
7.9 |
8.4 |
9.9 |
9.4 |
9.1 |
9.6 |
– |
– |
8.6 |
8.6 |
8.6 |
8.5 |
| Average in-force escalations (%) |
6.4 |
6.8 |
7.4 |
7.7 |
8.1 |
8.1 |
7.6 |
7.9 |
– |
– |
7.3 |
7.5 |
6.4 |
7.5 |
| Weighted average renewal lease period (years) |
3.8 |
4.0 |
4.4 |
3.8 |
3.0 |
3.5 |
– |
5.0 |
– |
– |
3.6 |
3.7 |
2.5 |
5.0 |
| Weighted average lease period (years) |
3.0 |
3.0 |
3.7 |
3.7 |
3.2 |
3.5 |
7.6 |
7.3 |
– |
– |
3.5 |
3.5 |
5.7 |
5.8 |
| Renewal success rate (%) |
84.6 |
78.8 |
52.5 |
51.5 |
62.2 |
69.4 |
– |
100.0 |
– |
– |
65.4 |
66.4 |
85.5 |
85.3 |
| Weighted average renewal growth (%) |
(15.6) |
(6.2) |
(16.1) |
(8.9) |
(10.9) |
(4.7) |
– |
5.3 |
– |
– |
(14.9) |
(6.7) |
(5.2) |
7.6 |
| Weighted average future escalations on renewals (%) |
6.3 |
6.3 |
7.3 |
7.6 |
7.4 |
7.5 |
– |
8.0 |
– |
– |
6.8 |
7.0 |
6.7 |
7.5 |
| Number of employees |
|
|
|
|
|
|
|
|
|
|
611 |
623 |
209 |
213 |
