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RESILIENT REIT LIMITED - Voluntary announcement regarding portfolio investments and performance

Release Date: 07/12/2015 11:22
Code(s): RES     PDF:  
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Voluntary announcement regarding portfolio investments and performance

RESILIENT REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/016851/06)
JSE share code: RES  ISIN: ZAE000209557
(Approved as a REIT by the JSE)
(“Resilient” or “the company”)


VOLUNTARY ANNOUNCEMENT REGARDING PORTFOLIO INVESTMENTS AND PERFORMANCE


In preparation for engagement with certain investors, Resilient advises shareholders of information regarding its
performance in the current interim period as follows:

Subject to terms and conditions, Resilient has agreed to increase its ownership interest in certain of its retail centres as
follows: Highveld Mall: Resilient has acquired an additional 4% to take its interest to 64%; I’langa Mall: Resilient has
acquired an additional 5% to take its interest to 90%; Tubatse Crossing: Resilient has acquired an additional 3,5% to
take its interest to 100%; Soshanguve Crossing: Resilient has acq uired an additional 5% to take its interest to 60%.
None of the aforementioned acquisitions are categorisable under the JSE Listings Requirements.

In addition, Resilient has sold Pick n Pay Hypermarket Klerksdorp and transfer is expected before the end of the
current interim period ending 31 December 2015.

Resilient’s property portfolio has performed ahead of expectations recording average turnover growth of 9,2% for the
12 month period ended 31 October 2015. The turnover for Circus Triangle, Jubilee Mall and Soshanguve Crossing
were adjusted to ensure comparability and Pick n Pay Hypermarket Klerksdorp was excluded. Seven of Resilient’s
centres achieved turnover growth exceeding 15%. Kathu experienced negative turnover growth due to two
convenience centres opening in its catchment area as well as the distressed conditions in the mining industry.

7 December 2015


Sponsor
Java Capital

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