Exemplar has declared a final distribution of 83.16 cents per share (cps) for the year ended 28 February 2025. Comprising a dividend of 66.05 cps and a return of contributed tax capital of 17,10 cps, the distribution reflects an 11.4% increase.
For the full financial year, Exemplar achieved a total distribution of 153.40 cps, representing a 10.4% year-on-year increase, highlighting the company’s consistent performance and commitment to delivering shareholder value.
Exemplar’s rental and recovery income rose to R1.33 billion, up 9.1% from R1.22 billion in FY2024. Net property income also climbed by 10.2% to R864.52 million, driven by effective asset management and growing demand within the niche market of township and rural retail.
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.
Exemplar continues to be committed to its mission of serving previously underserved communities through well-managed, quality retail centres. 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 438,996sqm 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 936sqm.
The company’s strategic approach—focused on commuter-centric locations, community investment, intentional tenant mix and high footfalls —has yielded resilient cash flows and high occupancy levels, even in challenging macroeconomic conditions.
"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.
