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VUKILE PROPERTY FUND LIMITED - Update to guidance

Release Date: 30/03/2022 09:45
Code(s): VKE VKE16 VKE15 VKE10 VKE11 VKE17 VKE14 VKE18     PDF:  
Wrap Text
Update to guidance

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
Bond company code: VKEI
(Granted REIT status with the JSE)
("Vukile" or "the Company")


UPDATE TO GUIDANCE


Shareholders are referred to Vukile's unaudited condensed consolidated interim results for the six months ended
30 September 2021, as published on SENS on 30 November 2021, where Vukile guided the market to a full-year FFO of
at least 125cps and DPS of at least 80cps.

Given strong trading performance for the year to date, the Company is pleased to update its guidance for the year ending
31 March 2022 as follows:

-     FFO of 130cps to 135cps; and
-     DPS of 100cps to 105cps.

The dividend pay-out ratio will approximate 75% to 80% of total group FFO for the year ending 31 March 2022.

Shareholders are advised that a copy of the pre-close investor presentation is available on the Company's website as follows:
https://www.vukile.co.za/cmsAdmin/uploads/pre-close_presentation_2022FY

30 March 2022


JSE sponsor                                                   NSX sponsor
Java Capital                                                  IJG Securities (Pty) Ltd

Date: 30-03-2022 09:45:00
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