Fairvest Limited Class A · JSE:FTA
Fairvest Limited Class A — Investor Presentation (September 2025)
22 slides from Fairvest Limited Class A's investor presentation, September 2025
Slide 1: 2025 Pre-Close Presentation
2025 PRE-CLOSE PRESENTATION for the year ending 30 September 2025
Slide 2: Agenda
Agenda Bara Precinct Operational update Fairvest portfolio Retail portfolio Office portfolio Industrial portfolio Financial update Q&A 1 Fairvest Limited Pre-Close Presentation for the year ending 30 September 2025
Slide 3: Operational update to August 2025
Access Park Operational update to August 2025 DARREN WILDER CEO
Slide 4: Fairvest at a glance
Fairvest at a glance at 31 August 2025 Sectoral split Revenue Value GLA 70.9% 71.4% 53.7% Retail Mar ‘25: 69.8% Mar ‘25: 70.6% Mar ‘25: 52.9% Bara Precinct 18.2% 17.4% 20.4% Office Mar ‘25: 18.4% Mar ‘25: 17.9% Mar ‘25: 20.8% Sandton Sunninghill Place 10.9% 11.2% 25.9% Industrial Mar ‘25: 11.8% Mar
Slide 5: Highlights to August 2025
Highlights to August 2025 Positive rental reversion of 5.0% Nonkqubela (Mar ‘25: 4.3%) Weighted average built in escalation 6.7% (Mar ‘25: 6.6%) Average gross rental per m2 R134.15 (Mar ‘25: R130.69) Expect to exceed the upper end of guided growth in distribution per B share of 8% to 10% for the 202
Slide 6: Acquisitions and disposals
Acquisitions and disposals Acquisitions GLA Purchase price Property name Location Sector (m²) (R) Yield Anchor tenants Transfer date Thembalethu Square* George, Western Cape Retail 8 734 133 000 000 9.97% Shoprite and Boxer 28 July 2025 Shoprite Manguzi Manguzi, KwaZulu-Natal Retail 8 425 136 000 00
Slide 7: Fairvest portfolio
South View Shopping Centre Fairvest portfolio DARREN WILDER CEO
Slide 8: Group portfolio highlights
Group portfolio highlights Number of properties 128 (Mar ‘25: 127) Sector breakdown based on revenue Total gross lettable area 1 052 240m² (Mar ‘25: 1 034 322m²) Retail 70.9% Vacancy 5.9% (Mar ‘25: 5.5%) 14 Office 18.2% Tenant retention 79.6% 59 (Mar ‘25: 81.3%) 2 Industrial 10.9% 6 Positive rental
Slide 9: Group leasing activity
Group leasing activity New deals Renewals August August August August 2025 2024 2025 2024 Number of leases 485 490 Number of leases 451 424 Total GLA (m2) 111 977 133 999 Total GLA (m2) 149 384 150 079 Average gross rental achieved (R/m2) 100.46 90.80 Average gross rental expiry (R/m2) 129.93 113.79
Slide 10: Retail portfolio
Nyanga Junction Retail portfolio DARREN WILDER CEO
Slide 11: Retail portfolio highlights
Retail portfolio highlights Number of properties 75 (Mar ‘25: 72) WHERE WE ARE Total gross lettable area 565 203m² (Mar ‘25: 547 587m²) TOTAL 75 10 11 Vacancy 3.7% (Mar ‘25: 4.3%) 20 2 5 Tenant retention 88.0% (Mar ‘25: 87.5%) 11 5 4 Positive rental reversion 4.6% (Mar ‘25: 2.8%) 10 Average gross re
Slide 12: Retail leasing activity
Retail leasing activity New deals Renewals August August August August 2025 2024 2025 2024 Number of leases 301 263 Number of leases 321 290 Total GLA (m2) 41 817 39 026 Total GLA (m2) 82 564 62 398 Average gross rental achieved (R/m2) 143.27 138.36 Average gross rental expiry (R/m2) 160.55 182.08 W
Slide 13: Office portfolio
Metalbox Office portfolio DARREN WILDER CEO
Slide 14: Office portfolio highlights
Office portfolio highlights Number of properties 28 (Mar ‘25: 29) WHERE WE ARE Total gross lettable area 214 654m² (Mar ‘25: 214 595m²) TOTAL 28 1 Vacancy 13.0% (Mar ‘25: 13.4%) 19 1 Tenant retention 64.2% (Mar ‘25: 63.0%) 3 Positive rental reversion 4.7% (Mar ‘25: 6.9%) Average gross rental per m2
Slide 15: Office leasing activity
Office leasing activity New deals Renewals August August August August 2025 2024 2025 2024 Number of leases 109 134 Number of leases 66 62 Total GLA (m2) 24 832 34 028 Total GLA (m2) 29 402 20 811 Average gross rental achieved (R/m2) 115.14 116.59 Average gross rental expiry (R/m2) 141.03 127.72 Wei
Slide 16: Industrial portfolio
Germiston Route 24 Industrial portfolio DARREN WILDER CEO
Slide 17: Industrial portfolio highlights
Industrial portfolio highlights Number of properties 25 (Mar ‘25: 26) WHERE WE ARE Total gross lettable area 272 384m² (Mar ‘25: 272 140m²) TOTAL 25 3 Vacancy 4.9% (Mar ‘25: 1.6%) 20 Tenant retention 76.9% (Mar ‘25: 85.2%) 1 Positive rental reversion 8.1% (Mar ‘25: 6.8%) Average gross rental per m2
Slide 18: Industrial leasing activity
Industrial leasing activity New deals Renewals August August August August 2025 2024 2025 2024 Number of leases 75 93 Number of leases 64 72 Total GLA (m2) 45 328 60 945 Total GLA (m2) 37 418 66 870 Average gross rental achieved (R/m2) 52.92 45.95 Average gross rental expiry (R/m2) 53.63 45.73 Weigh
Slide 19: Financial update
Access Park Financial update JACQUES KRIEL CFO
Slide 20: Financial update
Financial update Expect LTV to be below 30% at 30 September 2025 Fixed debt at above 85% at 30 September 2025 All bank covenants expected to be comfortably met R1.7 billion of debt refinanced at a weighted average margin to three months JIBAR of 1.33% R400 million of new capital raised in accelerate
Slide 21: Q&A
Cosmos Centre Q&A
Slide 22: www.fairvest.co.za
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