Vukile Property Fund: Year-End Results and Growth Prospects
Vukile CEO, Laurence Rapp "This year of outperformance is a testament to our clear strategic direction and unwavering focus on execution"
Vukile Property Fund has wrapped up another exceptional year, showcasing robust performance and a strategic vision that drives results. Here's a glimpse into their achievements and what lies ahead:
📈 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:
•Strong performance in the South African portfolio with significant growth metrics.
•Castellana portfolio in Spain boasts impressive metrics, setting a benchmark in the market.
•Balance sheet strength with a solid liquidity position and reduced LTV.
•Growth in dividends and FFO surpassing upgraded guidance for the year.
💼 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐒𝐧𝐚𝐩𝐬𝐡𝐨𝐭:
•Gross property revenue increased by 11.8%.
•Final dividend of 72.1 cents per share, marking a 10.5% increase from the prior year.
•Total FFO of 154.2 cents per share, up by 6.7% from the previous year.
📊 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐚𝐧𝐝 𝐅𝐮𝐭𝐮𝐫𝐞 𝐆𝐫𝐨𝐰𝐭𝐡:
•Vukile remains focused on delivering further growth for shareholders, leveraging a consumer-focused retail real estate strategy.
•Expectations of continued growth in FFO and dividends for the upcoming fiscal year.
For full details, check out the audited summarised consolidated results for the year ended 31 March 2024 and prospects for the Group: https://lnkd.in/dw6xHkXb
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“This year of outperformance is a testament to our clear strategic direction and unwavering focus on execution” Vukile CEO, Laurence Rapp joins Business Day TV to discuss the latest financial results. Watch here: https://lnkd.in/dczBpMji