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Audited Consolidated AFS for the year ended 30 June 2025, Dividend Declaration, Distribution of AR and Notice of AGM
Putprop Limited
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR | ISIN: ZAE000072310
("Putprop" or "the Company" or "the Group")
AUDITED CONSOLIDATED ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2025
CASH DIVIDEND DECLARATION, DISTRIBUTION OF ANNUAL REPORT AND NOTICE OF
ANNUAL GENERAL MEETING
Financial and Key Metrics
Financial capital
Rentals and recoveries R140.363m
2024: R140.334m
EPS 119.31 cents
2024: 91.82 cents
HEPS 60.86 cents
2024: 46.54 cents
Cost-to-income ratio 35.7%
2024: 34.9%
Total loan liabilities R411.4m
(2024: R458.5m)
Operating Profit R90.228m
2024: R91.274m
Operating profit margin 64.2%
2024: 65.0%
Net asset value of 1 777 cents
(2024: 1 668 cents per share)
Loans to value ratio (LTV) of 29.6%
(2024: 36.9%)
Manufactured capital
Total GLA 88 042m2
(2024: 97 601 m2)
Leverage Ratio 0.3 times
(2024: 0.35 times)
DPS15.5 cents
(2024: 14.5 cents)
73% A Grade Tenants
(2024: 48%)
Retention of 100% of tenants whose lease expired during the review period.
(2024: 93.6%)
Declaration of final dividend no 72
The Board is pleased to announce the declaration of a dividend of 8.50
cents per ordinary share in respect of the year ended 30 June 2025 (2024:
8.5 cents), thus bringing the total dividend payable for the year to 15.50
cents (2024: 14.50 cents).
Declaration date Friday, 5 September 2025
Last date to trade to participate Tuesday, 30 September 2025
Trading commences ex dividend Wednesday, 1 October 2025
Record date Friday, 3 October 2025
Date of payment Monday, 6 October 2025
Share certificates may not be dematerialised or rematerialised between
Wednesday, 1 October 2025 and Friday, 3 October 2025, both days inclusive.
Additional information:
This is a dividend as defined in the Income Tax Act, 1962, and is payable
from income reserves. The dividend withholding tax ("DWT") rate is 20%.
The net amount payable to shareholders who are not exempt from DWT is 6.80
cents per share, while the gross amount is 8.50 cents per share to those
shareholders who are exempt from DWT.
There are 42 405 133 (2024: 42 405 133) ordinary shares in issue; the
total dividend amount payable is R3 604 436 (2024: R3 604 436). Putprop's
tax reference number is 9100097717, and its company registration number is
1988/001085/06.
Notice of Annual General Meeting
Notice is hereby given in terms of the Companies Act, 2008 (Act 71 of
2008), as amended, that the Annual General Meeting ("AGM") of shareholders
of the Company will be held at Boardroom 1, 22 Impala Road, Chislehurston,
Sandton at 11:30 on Thursday, 6 November 2025. The record date on which
shareholders of the Company must be registered as such in the Company's
securities register in order to attend and vote at the AGM is Friday, 31
October 2025. The last day to trade in order to be eligible to vote at the
AGM will accordingly be Tuesday, 28 October 2025.
Results Announcement
This results announcement is the responsibility of the directors of
Putprop. This results announcement does not include full or complete
details of the annual financial statements for the year ended 30 June 2025
("2025 AFS") released on SENS on 5 September 2025. Any investment
decisions by investors or shareholders in relation to the Company's shares
should be based on the consideration of the 2025 AFS as a whole. The
information contained in this results announcement has not been reviewed
or reported on by the Company's auditors.
The 2025 Annual Financial Statements have been audited by the Company's
auditors, HLB CMA South Africa, who have expressed an unqualified audit
opinion thereon. The audit opinion, which is incorporated in the annual
report is available on the JSE cloudlink:
https://senspdf.jse.co.za/documents/2025/jse/isse/ppr/ye25.pdf
and on the Company's website at:
https://putprop.co.za/wp/investors/#latest-reports
5 September 2025
For and on behalf of the Board
Directors:
Bruno Carleo (Chief Executive Officer)
James Smith (Chief Financial Officer)
Daniele Torricelli*^ (Chairman)
Hayden Hartley*^
Rene Styber*^
Gerrit van Heerden*^
* Independent ^ Non-executive
Registered and Postal Address:
Putprop House, 22 Impala Road, Chislehurston,
Sandton, 2196
Company Secretary:
Acorim Proprietary Limited, 13th Floor, Illovo Point,
68 Melville Road, Illovo, Sandton, 2196
Sponsor:
Merchantec Capital, 13th Floor, Illovo Point,
68 Melville Road, lovo, Sandton, 2196
External Auditors:
HLB CMA South Africa
No.1 2nd Road, Halfway House Estate, Midrand, 1685
Transfer Secretaries:
Computershare Investor Services Proprietary Limited,
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
www.putprop.co.za
Date: 05-09-2025 04:55:00
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