Dipula Properties Limited Class B · JSE:DIB
Dipula Properties Limited Class B — Corporate Update (February 2025)
15 slides from Dipula Properties Limited Class B's corporate update, Feb 26, 2025
Slide 1: Pre-close business update 26 February 2025
PRE-CLOSE BUSINESS UPDATE 26 FEBRUARY 2025 Pre-close business update 26 February 2025
Slide 2: Business update, portfolio update, way forward
01 BUSINESS 02 PORTFOLIO 03 WAY UPDATE UPDATE FORWARD Montrose Place - Gauteng Pre-close business update 26 February 2025
Slide 3: Business update
01 BUSINESS UPDATE Chilli Lane - Gauteng Pre-close business update 26 February 2025
Slide 4: Business update
BUSINESS UPDATE GLA Update # Portfolio leasing (1 September 2024 – 31 January 2025) LTV is 36.6% New leases: ICR is 2.72 times − GLA 21 621m² Weighted average cost of debt is 9.34% − Value R104 million Interest rate exposure 60% hedged Disposals of R108 million with R59 million awaiting
Slide 5: Portfolio update
02 PORTFOLIO UPDATE Urban Village Norwood - Gauteng Pre-close business update 26 February 2025
Slide 6: Retail portfolio
RETAIL PORTFOLIO Update Leasing (1 September 2024 – 31 January 2025) Portfolio vacancy decreased to 5.6% (Aug 2024: 6.4%) New leases: Major revamps/extensions at Protea Point, Belle Ombre and Ziyabuya − GLA 14 212m² The Atrium anchor tenant to trade from 1 April 2025 − Value R81 million − Es
Slide 7: Retail portfolio
RETAIL PORTFOLIO Monthly trading densities and cost of occupation for the year to 31 December 2024 Y-o-y Cost of GLA m² Trading density movement occupation Category % R/m² / month % % Food & Grocery 45 5 669 5 3 Fashion & Footwear 28 3 903 3 7 Restaurant & Fast Food 5 5 055 11 5 Health & Beauty 5 4
Slide 8: Office portfolio
OFFICE PORTFOLIO Update Leasing (1 September 2024 – 31 January 2025) Portfolio vacancy of 19.2% (Aug 2024: 22.0%) New leases: Sold out of Parktown − GLA 1 741m² A fair number of enquiries but tenants are still spoilt for choice − Value R11 million − Escalation 7.7% Renewals: − GLA 6 735m²
Slide 9: Industrial portfolio
INDUSTRIAL PORTFOLIO # Overview Leasing (1 September 2024 – 31 January 2025) New leases: Portfolio vacancy of 3.5% (Aug 2024: 2.8%) − GLA 5 669m² Higher vacancy due to tenants vacating at Sifon Park and Bernie Street − Value R12 million − Escalation 7.0% Renewals: − GLA 2 795m² − Value R2 mi
Slide 10: Residential portfolio
RESIDENTIAL PORTFOLIO Update Residential vacancy decreased to 9% (Aug 2024: 12.0%) Changing property managers Midrand to be re-instated Trade out of existing stock (good interest received) Sell undeveloped residential projects on either a turn-key basis or on-sell bulk * Excludes retail at
Slide 11: Sustainability
SUSTAINABILITY Phase 1 solar PV R50 million investment at nine sites completed Phase 2 solar PV roll-out at 16 sites committed (9MW at a cost of R80 million) Water saving, harvesting and storage initiatives at various properties B-BBEE rating target of level 2 from level 4 Pre-close business
Slide 12: Way forward
03 WAY FORWARD Carnation Chilli PlaceLane - Gauteng - Gauteng Pre-close business update 26 February 2025
Slide 13: Way forward
WAY FORWARD Trade out of residential Continue to reduce office exposure Strategically focus on industrial and retail Run our business efficiently by utilising tech and reducing utility costs Extract value form our existing core portfolio Interest rates anticipated to reduce slower than expected Pre-
Slide 14: Questions & Answers
04 QUESTIONS & ANSWERS 14 Kramer - Gauteng Pre-close business update 26 February 2025
Slide 15: Disclaimer
DISCLAIMER Certain statements contained in this document constitute forward-looking information. Forward-looking information may relate to Dipula Income Fund Limited’s (“the Company”) future outlook and anticipated events or results and may include statements regarding the financial position, busine