Group condensed unaudited interim results

for the six months ended 31 December 2022

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Group salient features

DPS
64.3cps

4.6% increase from HY22

OFFSHORE ASSETS
43.7%

Increase from 43.5% at FY22

OFFSHORE EBIT
31.0%

Increase from 28.4% at FY22

DIPS
77.9cps

1.3% increase from HY22

INTEREST COVER RATIO
2.9 times

Decrease from 3.1 times at FY22

TOTAL PROPERTY ASSETS
R174.1bn

2.0% increase from R170.8bn* at FY22

* Lango was previously not included in the total property assets.

ASSETS UNDER MANAGEMENT (GROWTHPOINT INVESTMENT PARTNERS)
R16.7bn

Increase from R15.6bn at FY22

SA REIT NAV
2 110cps

2.2% decrease from FY22

GROUP SA REIT LTV
38.8%

Increase from 37.9% at FY22

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PARTICIPANT OF:

FITCH/MOODY’S RATINGS

Global scale: BB+/Ba2

National scale: AAA/Aa1.za

SUSTAINABILITY RATINGS AND INDICES

FTSE/JSE Responsible Investment

Index, FTSE4Good Emerging

Index, CDP, GRESB, ISS, MSCI ESG,

Sustainalytics

INVESTMENT PROPOSITION

  • Diversified across international geographies, sectors and income streams
  • Quality of earnings, underpinned by high-quality property assets
  • Dynamic and proven management track record
  • Best practice corporate governance
  • Transparent reporting
  • Level 1 B-BBEE contributor
  • Attractive ESG investment
  • Investment grade SA domestic debt rating