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CASTLEVIEW PROPERTY FUND LIMITED - Provisional summarised reviewed consolidated financial statements for the twelve months ended 29 February 2020

Release Date: 12/06/2020 13:23
Code(s): CVW     PDF:  
 
Wrap Text
Provisional summarised reviewed consolidated financial statements for the twelve months ended 29 February 2020

CASTLEVIEW PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2017/290413/06)
JSE share code: CVW
ISIN: ZAE000251633
(Approved as a REIT by the JSE)
(“Castleview”)


SHORT-FORM: PROVISIONAL SUMMARISED REVIEWED CONSOLIDATED FINANCIAL STATEMENTS FOR THE TWELVE MONTHS ENDED 
29 FEBRUARY 2020


                                                      29 February 2020          28 February 2019           % change
Revenue                                                     45 492 823                39 985 959             13.77%
Headline earnings per share                                      44.01                     28.63             53.72%
Earnings per share                                               61.36                     30.78             99.35%
Dividend per share                                               32.05                     37.23           (13.91%)
Net asset value per share                                       515.06                    507.91              1.41%

The board has approved and notice is hereby given of the final gross dividend of 15.34 cents per share for the six
months ended 29 February 2020. The board has proposed a further dividend of 0.87 cents per share as a result of extra
profits in the financial year ended February 2019, bringing the total dividend payable up to 16.21000 cents per share
(the “dividend”). Accordingly, a higher than anticipated overall dividend per share will be payable to shareholders.
Shareholders should not expect such dividend to recur in the future.

The board intends to provide shareholders with a share reinvestment alternative in respect of the dividend. Further
details regarding the payment of the cash dividend and share reinvestment alternative will be announced on SENS in
due course.

This short-form announcement is the responsibility of the directors of Castleview. This short-form announcement is
only a summary of the information in the full announcement and does not contain full or complete details. Any
investment decisions by investors and/or shareholders should be based on consideration of the full announcement as a
whole.

The full announcement has been released on the JSE website:
https://senspdf.jse.co.za/documents/2020/JSE/isse/CVWE/FY2020.pdf
and is available on Castleview’s website: https://castleview.co.za/investors/

Copies of the full announcement may be requested, by emailing Colin Dockrall at colin@castleview.co.za

12 June 2020


Designated advisor
Java Capital

Date: 12-06-2020 01:23:00
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