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DELTA PROPERTY FUND LIMITED - Interim results webcast presentation release date

Release Date: 04/11/2022 15:56
Code(s): DLT     PDF:  
Wrap Text
Interim results webcast presentation release date

Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT ISIN: ZAE000194049
(“Delta” or “the Company”)
REIT status approved


INTERIM RESULTS WEBCAST PRESENTATION RELEASE DATE

Shareholders are advised that Delta Management will host a presentation
on the Interim results via webcast on Tuesday 08 November 2022, starting
at 09:30 (South African time). A virtual question and answer session
will follow the presentation.

The   webcast    can   be    accessed    via     the   following   link:
https://www.corpcam.com/Delta08112022

The Interim results presentation will be made available for download
from the Company’s website prior to the commencement of the presentation
at: https://www.deltafund.co.za/financials/

A recording of the webcast and Q&A session will be available for download
within 24 hours after the presentation from the Company’s website at:
https://www.deltafund.co.za/financials/


TRADING STATEMENT

Shareholders are advised that Delta has reasonable certainty, as required
in terms of the JSE Limited Listings Requirements, that distributable
earnings per share for the six months ended 31 August 2022 will be
between 59% (10.19 cents per share) and 64% (8.95 cents per share) lower
than for the six months ended 31 August 2021 (“the prior comparable
period”) of 24.86 cents per share.

The decrease in distributable earnings is largely driven by a reduction
in contractual rental income primarily relating to rental reversions due
to the rebasing of several government tenanted properties to market-
related rentals while expenses have largely remained in line with the
prior comparable period.

The board has decided not to declare a dividend for the six months ended
31 August 2022 after carefully considering the forecast solvency and
liquidity requirements of the Group (prior comparable period – nil).

The information on which this trading statement is based have not been
reviewed or reported on by Delta’s auditors.

Johannesburg

4 November 2022

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank
Limited

Date: 04-11-2022 03:56:00
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