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GCR Ratings affirms Vukile issuer rating
VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
Debt company code: VKEI
(Granted REIT status with the JSE)
("Vukile" or "the company")
GCR RATINGS AFFIRMS VUKILE ISSUER RATING
Noteholders and shareholders are advised that GCR Ratings ("GCR") has released a credit rating announcement
in which Vukile's rating has remained unchanged and GCR has affirmed the national scale issuer rating of AA+(ZA)
and A1+(ZA), for the long and short-term, respectively, with a Stable Outlook.
According to GCR, the issuer rating reflects Vukile's "large, geographically diverse retail portfolio, with proven
asset enhancement strategies supporting consistently strong operating performance" and also considered
Vukile's "demonstrated capital discipline, having grown its property portfolio materially over the last two and
half years via a balanced mix of debt, equity and asset recycling, with a sound financial profile expected to be
maintained."
GCR's credit rating announcement is publicly available on its website at:
https://gcrratings.com/announcements/gcr-affirms-vukile-property-fund-limiteds-rating-of-aaza-outlook-
stable/
23 July 2026
JSE sponsor NSX sponsor
Java Capital IJG Securities (Pty) Ltd
Date: 23-07-2026 02:15:00
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