Investors

H1 2021 PERFORMANCE HIGHLIGHTS

Contractual income

up 1.8%

Distributable earnings

up 8.5%

Distributable earnings

per B-share up 16.8%

Distributable earnings

per A-share up 2.9%

Combined NAV per share

up 4% to R10.59

Loan to value decreased

by 11% to 35.7%

INVESTOR CALENDAR

Financial year-end 31 August
Interim results SENS 17 May
Analyst webcast 18 May
Year-end results SENS 17 November
Analyst webcast 18 November

KEY MILESTONES

Dipula was founded in 2005 and in 2011 Dipula Property Fund merged with Mergence Africa Property Fund. Following the merger the fund listed on the JSE with an initial portfolio of R2 billion. Since then Dipula’s portfolio grew to R9.1 billion. Dipula’s portfolio average value increased from R12 million at listing to R45 million by the end of the 2020 financial year-end.

INVESTING IN THE GROUP

STRATEGIC PILLARS

A GROWING AND IMPROVING PORTFOLIO

In the nine years since listing Dipula’s portfolio has grown from 434 708m² to 926 648m² and the average size per asset increased from 2484m2 to 4903m2. Dipula tactically reduced its office property exposure from 40% to 14% in GLA terms, during the same period.


STRONG INVESTMENT CASE

  • Remaining disciplined in our strategy execution
  • Buying well
  • Managing brilliantly

OUR BUSINESS MODEL

Our business model is at the heart of everything we do. It defines the activities we engage in, the resources and relationships we depend on and the outputs and outcomes we aim to achieve in order to create value for all our stakeholders in the short, medium and long term.