Announcement • Feb 20
Vukile Property Fund Limited, Annual General Meeting, Sep 02, 2026 Vukile Property Fund Limited, Annual General Meeting, Sep 02, 2026. Announcement • Oct 17
Vukile Property Fund Limited has completed a Follow-on Equity Offering in the amount of ZAR 2.65 billion. Vukile Property Fund Limited has completed a Follow-on Equity Offering in the amount of ZAR 2.65 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 124,500,000
Price\Range: ZAR 21.285141
Security Features: Income Trust
Transaction Features: Regulation S Announcement • Oct 16
Vukile Property Fund Limited has filed a Follow-on Equity Offering. Vukile Property Fund Limited has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Security Features: Income Trust
Transaction Features: Regulation S Announcement • Oct 15
Vukile Property Fund Limited to Report First Half, 2026 Results on Nov 26, 2025 Vukile Property Fund Limited announced that they will report first half, 2026 results on Nov 26, 2025 Announcement • Jul 30
Vukile Property Fund Limited, Annual General Meeting, Sep 01, 2025 Vukile Property Fund Limited, Annual General Meeting, Sep 01, 2025. Location: the main boardroom, 4th floor, 11 ninth street, houghton estate, 2196, South Africa Announcement • Jun 24
Ninety One Sa Proprietary Limited acquired an additional minority stake in Vukile Property Fund Limited (JSE:VKE). Ninety One Sa Proprietary Limited acquired an additional minority stake in Vukile Property Fund Limited (JSE:VKE) on June 24, 2025. Post acquisition Ninety One’s total beneficial interest in the company is now 5.0195% of Vukile’s total shares in issue.
Ninety One Sa Proprietary Limited completed the acquisition of an additional minority stake in Vukile Property Fund Limited (JSE:VKE) on June 24, 2025. Announcement • Oct 23
Vukile Property Fund Limited Announces Change to Board Committee Vukile Property Fund Limited announced that in line with the Board's refresh process and succession plan, Dr. Sedise Moseneke will take over the duties of chairman of the Property and Investment Committee ("the Committee") from D Steve Booysen with effect from 23 October 2024. Dr. Booysen will remain a member of the Committee along with his role as chairman of the Social, Ethics and Human Resources Committee. Announcement • Jul 30
Hatla Ntene Not to Make Himself Available for Re-Election for the Board of Directors of Vukile Property Fund Limited Vukile Property Fund Limited announced that Hatla Ntene, who is due to retire from the board of directors by rotation at the Company's next annual general meeting, to be held on 2 September 2024, has advised the company that he would not make himself available for re-election. Mr. Ntene has served on the board since 2013 and has made a tremendous contribution through his deep property knowledge and experience on both the board and Vukile's property and investment committee. Declared Dividend • Jun 21
Final dividend increased to R0.72 Dividend of R0.72 is 11% higher than last year. Ex-date: 26th June 2024 Payment date: 1st July 2024 Dividend yield will be 7.7%, which is higher than the industry average of 5.6%. Upcoming Dividend • Jun 19
Upcoming dividend of R0.72 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 01 July 2024. Trailing yield: 7.6%. Lower than top quartile of Namibian dividend payers (10.0%). Lower than average of industry peers (8.7%). Recent Insider Transactions • Jun 16
Board Member recently bought R86m worth of stock On the 10th of June, Itumeleng Mothibeli bought around 5m shares on-market at roughly R15.76 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought R108m more in shares than they have sold in the last 12 months. Declared Dividend • Jun 07
Final dividend increased to R0.72 Dividend of R0.72 is 11% higher than last year. Ex-date: 26th June 2024 Payment date: 1st July 2024 Dividend yield will be 8.0%, which is higher than the industry average of 5.6%. Announcement • Jun 06
Vukile Property Fund Limited Declares Cash Dividend for the Year Ended 31 March 2024, Payable on or About 1 July 2024 On June 5, 2024, the board of directors of Vukile Property Fund Limited has declared a cash dividend of 72.17501 cents per Vukile share for the year ended 31 March 2024 and shareholders have been provided with the election to reinvest the cash dividend in return for Vukile shares. Shares trade ex-dividend date is 26 June 2024. Record date for the election to receive shares in terms of the dividend reinvestment alternative or to receive a cash dividend is 28 June 2024. Cash dividends paid to certificated shareholders by electronic funds transfer on or about 1 July 2024. Announcement • May 26
Vukile Confirms Submit Non-Binding Indicative Proposal to the Board of Capital & Regional Vukile Property Fund Limited (JSE:VKE) ("Vukile") notes the recent announcement by the Board of Capital & Regional Plc (LSE:CAL) ("Capital & Regional") regarding a potential transaction. Vukile confirm that it has submitted a non-binding indicative proposal to the Board of Capital & Regional regarding a possible cash and share offer for the entire issued, and to be issued, share capital of Capital & Regional Vukile's consideration of such an offer is at an early stage. This announcement does not constitute a firm intention to make an offer and, accordingly, there can be no certainty that any offer for Capital & Regional will be made, nor as to the terms on which any offer might be made. In accordance with Rule 2.6(a) of the Code, Vukile must, by not later than 5.00 p.m. on 20 June 2024, either announce a firm intention to make an offer for Capital & Regional in accordance with Rule 2.7 of the Code or announce that they do not intend to make an offer for Capital & Regional, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will be extended only with the consent of Capital & Regional and the Takeover Panel in accordance with Rule 2.6(c) of the Code. Announcement • May 25
Vukile Property Fund Limited (JSE:VKE) made a non-binding indicative proposal to acquire Capital & Regional Plc (LSE:CAL). Vukile Property Fund Limited (JSE:VKE) made a non-binding indicative proposal to acquire Capital & Regional Plc (LSE:CAL) on April 19, 2024. The offer consideration will be possibly satisfied from a combination of cash and stock. Ben Stoop, Stuart Ord, and William Rance from Numis Securities Limited, Mark Young, Nick Harland and Jonathan Wilkes-Green of Stifel Nicolaus Europe Limited acted as financial advisors to Capital & Regional Plc. Stephen Little, Geoff Iles, Marcus Jackson, Anthony Knox, Gbolawoyi Ajayi of Merrill Lynch International acted as financial advisors to Vukile Property Fund Limited. New Risk • May 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (170% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Announcement • Mar 26
Vukile Property Fund Limited Appoints James Formby to the Social, Ethics and Human Resources Committee, Effective 1 April 2024 Vukile Property Fund Limited advised that independent non-executive director James Formby, who joined the Vukile board on 22 September 2023, has been appointed to the Social, ethics and human resources committee, with effect from 1 April 2024. Announcement • Jan 11
Vukile Property Fund Limited, Annual General Meeting, Sep 02, 2024 Vukile Property Fund Limited, Annual General Meeting, Sep 02, 2024. Upcoming Dividend • Dec 13
Upcoming dividend of R0.52 per share at 8.0% yield Eligible shareholders must have bought the stock before 20 December 2023. Payment date: 27 December 2023. Trailing yield: 8.0%. Lower than top quartile of Namibian dividend payers (12%). In line with average of industry peers (8.6%). Announcement • Dec 02
Vukile Property Fund Limited Revises Dividend Guidance for the Year Ending 31 March 2024 Vukile Property Fund Limited revised dividend guidance for the year ending 31 March 2024. The company expects to deliver growth in dividend per share of between 8% to 10% (previously 7% to 9%) for the year ending 31 March 2024. The increased guidance will equate to a full year dividend per share of between 121.4 and 123.6 cents (FY23: 112.4 cents), to be paid with an interim and a final dividend. Reported Earnings • Dec 01
First half 2024 earnings released: EPS: R1.13 (vs R1.09 in 1H 2023) First half 2024 results: EPS: R1.13 (up from R1.09 in 1H 2023). Revenue: R2.00b (up 8.7% from 1H 2023). Net income: R1.17b (up 10% from 1H 2023). Profit margin: 59% (in line with 1H 2023). Revenue is expected to decline by 6.1% p.a. on average during the next 3 years, while revenues in the Global Retail REITs industry are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Nov 29
Vukile Property Fund Limited Announces Gross Cash Dividend for the Period Ended 30 September 2023, Payable on 27 December 2023 Vukile Property Fund Limited announced that a gross cash dividend of 52.07420 cents per share has been declared from income reserves in respect of the period ended 30 September 2023. Should dividend withholding tax be withheld at a rate of 20%, the net dividend amount due to non-resident shareholders is 41.65936 cents per share. Share certificates may not be dematerialized or rematerialized between 20 December 2023 and 22 December 2023, both days inclusive. The dividend will be transferred to dematerialised shareholders' CSDP accounts or broker accounts on 27 December 2023. Certificated shareholders' dividend payments will be paid to certificated shareholders' bank accounts on or about 27 December 2023. Shares trade ex dividend is 20 December 2023 and Record date is 22 December 2023. Announcement • Nov 03
Vukile Property Fund Limited Announces Management Changes Vukile Property Fund Limited announced that Ms. Babalwa Ngonyama has resigned as an independent non-executive director of the Company and as chairman and member of the audit & risk committee with effect from 2 November 2023, in order to focus on the legal review process pertaining to the allegations and findings against her by the Independent Panel constituted by the UCT Council, which is currently pending. The Board further advises that Dr. Renosi Mokate, current member of the audit and risk committee and lead independent director, will assume the role of chairman of the audit and risk committee and that Mr. James Formby has been appointed as a member of the audit and risk committee, both effective 2 November 2023. Announcement • Sep 23
Vukile Property Fund Limited Announces Board Appointments Vukile Property Fund Limited is embarking on a board refresh process. To this end, shareholders and noteholders are advised that the following two independent non-executive directors have been appointed to the board with effect from 22 September 2023: Jon Zehner. Jon is Vice Chairman of LaSalle Investment Management (LaSalle). Prior to becoming Vice Chairman, Jon was Head of LaSalle's Global Partner Solutions business, and is a member of LaSalle's Global Management Committee. Jon joined LaSalle in 2012 as Global Head of the Client Capital Group and was responsible for leading LaSalle's global activities relating to clients, capital raising, new product development and large-scale, cross-border strategic investments. Jon's career in real estate began in 1981 at JPMorgan where, during his 28 years, he held several senior positions including Global Head of Real Estate Investment Banking and Head of sub-Saharan Africa. Jon, is Chair of the University of Cambridge's Land Economy Advisory Board, is a Trustee of the Urban Land Institute where he served as a recent European Chair and past Member of the Board of Directors. Jon, based in London, has broad experience in European real estate capital markets and was a founding member of the European Public Real Estate Association (EPRA). Jon holds an MBA from Harvard and an AB in Economics from Dartmouth. James Formby. James is the former chief executive officer (CEO) of Rand Merchant Bank (RMB), a position he held for seven years until September 2022. James joined RMB in 1997, and during his tenure held various executive positions, including Head of RMB Corporate Finance, Deputy Head of Investment Banking and Head of Client Coverage. He was a member of various RMB and FirstRand governance structures, including RMB's Investment Committee, RMB's Principal Investment and Mezzanine Committee, RMB's Higher Mandate Credit Committee and the FirstRand Stratco, the group's highest executive body. He has broad experience of banking including mergers and acquisitions and capital markets. James holds a MPhil in Management Studies from the University of Cambridge and is a Chartered Accountant (SA). James currently serves as lead independent director and member of the Audit Committee and Corporate Finance Committee of Pick n Pay Stores Limited. Announcement • Aug 01
Vukile Property Fund Limited, Annual General Meeting, Sep 01, 2023 Vukile Property Fund Limited, Annual General Meeting, Sep 01, 2023, at 09:00 South Africa Standard Time. Location: the main boardroom, 4th Floor, 11 Ninth street Houghton Estate, 2196 Houghton South Africa Agenda: To discuss the annual financial statements and the audit and risk committee report of the company for the year ended 31 March 2023; and to discuss transact any other business. Upcoming Dividend • Jun 21
Upcoming dividend of R0.65 per share at 8.3% yield Eligible shareholders must have bought the stock before 28 June 2023. Payment date: 03 July 2023. Trailing yield: 8.3%. Lower than top quartile of Namibian dividend payers (13%). Lower than average of industry peers (9.6%). Recent Insider Transactions • Jun 20
Key Executive recently sold R8.1m worth of stock On the 14th of June, Laurence Cohen sold around 620k shares on-market at roughly R13.02 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Laurence's only on-market trade for the last 12 months. Reported Earnings • Jun 12
Full year 2023 earnings released: EPS: R1.97 (vs R1.99 in FY 2022) Full year 2023 results: EPS: R1.97. Revenue: R3.65b (up 4.4% from FY 2022). Net income: R1.93b (up 1.2% from FY 2022). Profit margin: 53% (down from 55% in FY 2022). Revenue is expected to fall by 9.3% p.a. on average during the next 2 years compared to a 2.5% decline forecast for the Retail REITs industry in Africa. Announcement • May 18
Vukile Property Fund Limited acquired a 9.929078% stake in Castellana Properties Socimi, S.A. for €63.9 million. Vukile Property Fund Limited acquired a 9.929078% stake in Castellana Properties Socimi, S.A. for €63.9 million on May 16, 2023.
Vukile Property Fund Limited completed the acquisition of a 9.929078% stake in Castellana Properties Socimi, S.A. on May 16, 2023. Upcoming Dividend • Dec 14
Upcoming dividend of R0.47 per share Eligible shareholders must have bought the stock before 21 December 2022. Payment date: 28 December 2022. Trailing yield: 8.4%. Lower than top quartile of Namibian dividend payers (10%). In line with average of industry peers (9.3%). Reported Earnings • Nov 30
First half 2023 earnings released First half 2023 results: Revenue: R1.84b (up 5.2% from 1H 2022). Net income: R1.07b (up 26% from 1H 2022). Profit margin: 58% (up from 48% in 1H 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the REITs industry in Africa. Announcement • Nov 26
Vukile Property Fund Limited to Report First Half, 2023 Results on Nov 29, 2022 Vukile Property Fund Limited announced that they will report first half, 2023 results on Nov 29, 2022 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Tshidi Mokgabudi was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 18
Board Member recently sold R505k worth of stock On the 15th of August, Itumeleng Mothibeli sold around 34k shares on-market at roughly R14.94 per share. In the last 3 months, there was an even bigger sale from another insider worth R747k. Insiders have been net sellers, collectively disposing of R1.3m more than they bought in the last 12 months. Board Change • Aug 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Tshidi Mokgabudi was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 22
Upcoming dividend of R0.65 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 04 July 2022. Trailing yield: 9.5%. Lower than top quartile of Namibian dividend payers (9.8%). In line with average of industry peers (9.4%). Upcoming Dividend • Dec 15
Upcoming dividend of R0.41 per share Eligible shareholders must have bought the stock before 22 December 2021. Payment date: 28 December 2021. Trailing yield: 6.6%. Lower than top quartile of Namibian dividend payers (9.8%). Lower than average of industry peers (8.6%). Reported Earnings • Dec 02
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: R0.88 (up from R0.21 loss in 1H 2021). Revenue: R1.75b (up 24% from 1H 2021). Net income: R843.0m (up R1.05b from 1H 2021). Profit margin: 48% (up from net loss in 1H 2021). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 5.2%. Over the next year, revenue is expected to shrink by 42% compared to a 23% growth forecast for the industry in Africa. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Executive Departure • Sep 03
Independent Non Executive Director Peter Moyanga has left the company On the 31st of August, Peter Moyanga's tenure as Independent Non Executive Director ended after 17.3 years in the role. As of June 2021, Peter still personally held 100.00k shares (R1.2m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 6.13 years. Executive Departure • Sep 03
Independent Non Executive Director Hymie Serebro has left the company On the 31st of August, Hymie Serebro's tenure as Independent Non Executive Director ended after 17.3 years in the role. We don't have any record of a personal shareholding under Hymie's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 6.13 years. Recent Insider Transactions • Aug 08
CEO & Executive Director recently sold R3.5m worth of stock On the 5th of August, Laurence Rapp sold around 309k shares on-market at roughly R11.23 per share. This was the largest sale by an insider in the last 3 months. Laurence has been a seller over the last 12 months, reducing personal holdings by R4.5m. Board Change • Jul 31
High number of new directors CFO, Executive Director and Director of Transformation & Vukile Development Academy LR Cohen was the last director to join the board, commencing their role in 2019. Upcoming Dividend • Jul 14
Upcoming dividend of R1.01 per share Eligible shareholders must have bought the stock before 21 July 2021. Payment date: 26 July 2021. Trailing yield: 9.2%. Within top quartile of Namibian dividend payers (6.7%). Lower than average of industry peers (11%). Recent Insider Transactions • Jun 13
CEO & Executive Director recently sold R673k worth of stock On the 9th of June, Laurence Rapp sold around 60k shares on-market at roughly R11.26 per share. This was the largest sale by an insider in the last 3 months. Laurence has been a seller over the last 12 months, reducing personal holdings by R818k. Reported Earnings • Jun 11
Full year 2021 earnings released: EPS R0.61 (vs R0.11 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: R3.04b (down 16% from FY 2020). Net income: R584.0m (up R687.0m from FY 2020). Profit margin: 19% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Jun 03
Vukile Property Fund to Be Deleted from Other OTC Vukile Property Fund Limited Ordinary Shares will be deleted from Other OTC effective June 02, 2021 due to Inactive Security. Is New 90 Day High Low • Dec 05
New 90-day high: R7.90 The company is up 65% from its price of R4.80 on 04 September 2020. The Namibian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R14.19 per share. Reported Earnings • Dec 03
First half 2021 earnings released: R0.21 loss per share The company reported a poor first half result with weaker earnings, revenues and control over expenses. First half 2021 results: Revenue: R1.41b (down 22% from 1H 2020). Net loss: R206.0m (down 125% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 68% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • Dec 01
Vukile Property Fund Limited Decides Not to Pay Interim Dividend for the First Half of the Financial Year 2021 The board of Vukile Property Fund Limited consistent with guidance given previously, has decided not to pay an interim dividend for the first half of the 2021 financial year. Rather, company it is prudent to retain cash and assess the evolution of the pandemic for the remainder of the financial year, before deciding on a final dividend. Is New 90 Day High Low • Nov 12
New 90-day high: R6.60 The company is up 1.0% from its price of R6.55 on 14 August 2020. The Namibian market is down 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 6.0% over the same period.