Exemplar REITail has declared a full-year distribution of 176.90 cents per share for the year ended 28^th February 2026, representing 15.3% growth on the prior year and an 11.8% compound annual growth rate in distributions since the company listed on the JSE in 2018.

The REIT’s earnings per share saw growth, with its basic earnings per share increasing by 26.8% to 424.10 cents, its headline earnings per share increasing by 7.8% to 153.4 cents and its net asset value (NAV) per share up 15.3% to R19.25.

Exemplar’s net property income grew 13.1% to R978 million with its total property portfolio independently valued at R11.24 billion as at 28^th February 2026.

The company focused on key acquisitions and portfolio expansions during the period, having acquired a 50% stake in Tonk Meter Crossings in Springs in late 2025 which is currently being expanded to over 21 268m². The redeveloped mall will be launched in September 2026 as iTonka Square. Exemplar completed two other acquisitions post yearend, bringing its total owned and managed portfolio across six provinces to over 700 000m², with its Gauteng retail centres to eleven.

In April 2026, it acquired Vosloorus Crossing, a 10 323m² retail centre at an initial yield of 9.3% and separately, a 50.28% interest in the Steelpoort retail precinct in Limpopo – also at a yield of 9.3%. The existing 27 787m² precinct is earmarked for expansion to approximately 43 000m².

Exemplar’s loan-to-value (LTV) ratio stood at 36.6% with a vacancy of 2.64% across its portfolio.