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Vukile Property Fund reported strong interim results, with headline earnings per share at 85.24 cents and gross property revenue rising 36.9% to R2,903 million. The interim dividend of 60.2 cents per share represents 9% growth. For FY26, the company expects at least a 9% increase in both FFO per share and dividend per share, bringing the full-year dividend to a minimum of 143.6 cents. The firm's portfolio now exceeds R50 billion, supported by international investments in Spain and Portugal, reflecting a steady growth trajectory and diversified revenue streams.
Vukile Property Fund Ltd (JSE: VKE) has reported its unaudited consolidated interim results for the six months ended 30?September?2025. The company posted headline earnings per share at 85.24 cents, supported by a significant 36.9% increase in gross property revenue, which reached R2,903 million. The interim dividend has been declared at 60.2 cents per share, reflecting a 9% growth compared to the same period last year. Advertisement
Following these results, Vukile has raised its guidance for the full fiscal year ending 31?March?2026. The company expects funds from operations (FFO) per share and dividend per share to grow by at least 9%, which would result in a full-year dividend of no less than 143.6 cents per share. This demonstrates a positive outlook for both operational performance and shareholder returns.
The company has been steadily expanding its portfolio, with total property assets now exceeding R50?billion. Its strategy includes geographic diversification beyond South Africa, with significant investments in Spain and Portugal. The international portfolio has been contributing positively to overall net property income, enhancing revenue stability and growth prospects.
Vukile's past performance also shows consistent progress. Last year, FFO per share increased by 3%, and dividend per share rose 6%. These figures underline the company's ability to maintain steady growth while integrating new acquisitions efficiently. The results reflect a careful balance between strong domestic operations and profitable international expansion.
Source Reuters
5th Jun, 2025
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