Exemplar REITail has reported a 9.1% increase in its rental and recovery income to R1.33 billion for FY2025 from R1.22 billion in FY2024 with its net property income also increasing by 10.2% to R864 million (FY2024: R784 million), driven be effective asset management and growing demand within the niche township and rural retail markets.

“We are proud of the strong results achieved in FY2025. Our strategy of focusing on township and rural retail continues to deliver. We look forward to building on this momentum and delivering long-term value to our investors and the communities we serve,” says CEO of Exemplar, Jason McCormick.

The Company declared a final distribution of 83.16 cents per share for the year ended 28^th February 2025 comprising a final dividend of 66.05 cents per share and a return of contributed tax capital of 17.10 cents per share, with the distribution reflecting an 11.4% increase.

For the full financial year, Exemplar achieved a total distribution of 153.40 cents per share, representing a 10.4% year-on-year increase.

The Company’s earnings per share saw strong growth with basic earnings per share increasing by 56.8% to 334.34 cents; headline earnings per share increasing by 25.4% to 142.32 cents and net asset value per share rising 13.2% to R16.69.

Over the past seven years, Exemplar has delivered consistent growth in distributions and NAV per share.

Since its listing in 2018, Exemplar has expanded its ownership portfolio from 20 to 27 retail assets, growing its owned GLA to 438 996m² across six provinces in South Africa. The township and rural retail REIT also provides full asset management to an additional 11 retail assets, taking the full portfolio under management to 681 936m².