Vukile posted 6.4% like-for-like retail net operating income growth and a reduced vacancy rate of 1.7% in its South African portfolio. The company achieved market-leading performance in Spain and Portugal, with a 98.4% portfolio occupancy and a 17.3% positive rental reversion. Its balance sheet remains strong, supported by R2.1 bn in cash, R2.5 bn in undrawn debt facilities, and a loan-to-value ratio of 40.95%. Vukile delivered a 6% increase in dividend per share to 131.72 cents, with total funds from operations at 158.8 cents per share. The company forecasts at least 8% growth in FFO and dividend per share for the year ending 31 March 2026, assuming stable market conditions.
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