• 3.2%
    increase in distributable earnings per share
  • Impressive retail performance in Spain
    • Castellana dividend growth of 9.6%
    • Vacancies contained at 1.8%
    • Increase of 10.8% in reversions and new lettings
    • Maintaining a rent collection rate of 99%
  • Strong cash cover and well diversified sources of funding
    • Vukile remains comfortably solvent and liquid
    • Complies with all funding and debt covenants
    • Interest cover ratio of 5.8 times
    • 77% (R1.8 billion) of FY21 maturing debt facilities successfully
  • Continued strength in Southern African portfolio
    • Like-for-like trading density grew by 3.4% and by 5.1% when considering asset management interventions
    • Successful launch of redeveloped Pine Crest Centre and Maluti Crescent
    • Retail vacancies contained at 2.9% with 84% retail tenant retention and positive reversions of 1.1%
    • Retail like-for-like net income growth of 6.0%
  • Operational focus in readying centres to reopen in a COVID-19 environment
    • Primary focus on the health and wellbeing of our customers, tenants and staff
    • Hygiene protocols for centres developed with input from leading virologist and hygiene expert
    • Very successful reopening of all our centres in both Southern Africa and Spain