HY Results – Gross property revenue increased 5.8% to R1.8 billion. Operating profit decreased marginally to R1.1 billion. HEPS fell 13.66% to 61.57 cents as a result of the decrease in operating profit , as well as the impact of additional shares issued. The net asset value per share was R19.10 per share, increasing by 6.6% due to positive performance in net property income and a weaker Rand. The loan-to-value ratio was maintained at 43%. A gross dividend of to 47.32125 cents per share was declared. FY guidance remained unchanged.