Exemplar REITail records solid double-digit dividend growth of 11.9%, with a full year dividend of 92,27 cents.
SHARE
Exemplar is widely regarded as a market-leading retail REIT
within the specialised “township & rural” niche that it operates. With a
sole focus on the underserviced rural and township areas, Exemplar’s 22 retail
assets (349,759sqm GLA) service between 10 and 15 million shoppers a month,
offering investors access to a unique portfolio valued at R5,789b.
The company has achieved a distribution of 92,27 cents per share
for the year ended 29 February 2020 against a forecast of 91,27 cents. In a
market dominated by unfavourable macro-economic conditions, these results speak
volumes about both the defensive nature of the Exemplar portfolio and the
strength of the team managing it.
“As we brace ourselves for the uncertainty that lies ahead
in the post COVID-19 environment, we are confident in our ability to read the
landscape and rapidly adapt to any change in order to continue evolving for the
needs of our customers and our country,” explains CEO of Exemplar, Jason
McCormick.
“Our primary focus in the first half of FY2021 will be
ensuring the sustainability of our existing portfolio and the tenants within
it. We will continue to identify and implement effective strategies for the
safety of our communities and the regeneration of both consumer confidence and
the retail industry.”
The company follows a hands-on approach to asset management
and believes that this approach has resulted in lower vacancy levels, higher
tenant retention rates and a lower risk of negative rental reversions upon
lease renewals.
Despite the uncertainty that COVID-19 presents, Exemplar
continues to see significant upside potential and forecasts for further
investment within its specific niche markets. The company is confident that it
will continue to deliver long term growth for its shareholders, its communities
and the nation, well into the future.
04 Nov 2024
31 Oct 2024
02 Oct 2024
quick links to other articles
2024
November (1)
October (2)
September (2)
July (1)
May (1)
2023
November (2)
October (1)
August (1)
June (1)
May (1)
March (1)
2022
November (1)
October (1)
August (2)
May (2)
February (1)
2021
2020
2019
SHARE
Investor Relations