Exemplar has declared a final distribution of 83.16 cents per share (cps) for the year ended 28 February 2025. This comprises a dividend of 66.05 cps and a return of contributed tax capital of 17,10 cps, reflecting an 11.4% increase.
For the entire financial year, Exemplar achieved a total distribution of 153.40 cps, reflecting a 10.4% increase compared to the previous year, highlighting the company’s consistent performance and commitment to delivering shareholder value.
Exemplar’s rental and recovery income increased to R1.33 billion, up 9.1% from R1.22 billion in FY2024. Net property income also rose by 10.2% to R864.52 million, driven by effective asset management and rising demand within the niche market of township and rural retail.
Earnings per share experienced significant growth, with basic earnings per share rising 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 climbing 13.2% to R16.69.
Exemplar remains dedicated to its mission of serving previously underserved communities through well-managed, high-quality retail centres. Over the past seven years, Exemplar has achieved 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, increasing its owned GLA to 438,996 sqm across six provinces in South Africa. The township and rural retail REIT also offers full asset management for an additional 11 retail assets, bringing the total portfolio under management to 681 m2.
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 during 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.
Exemplar REITail reports another year of double-digit growth
Exemplar REITail reported a 10.4% rise in annual distributions and strong double-digit growth across key metrics for FY2025. Focused on township and rural retail, the REIT achieved resilient income and high occupancy through strategic asset management. CEO Jason McCormick credits consistent execution and community-focused investments for the strong performance.