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Burstone - conference call and trading update
Burstone Group has provided a pre-close update for the six months ending 30 September 2026, highlighting strong performance driven by its South African real estate portfolio, which is expected to generate approximately 80% of total income. The launch of the SA Core Plus funds management platform and a strategic partnership with Nedbank Property Partners have strengthened its balance sheet, reducing the loan-to-value ratio from 39.6% to around 19%. The Group maintains its full-year DIPS growth guidance of 4-6% and DPS growth of 7-9%. Key strategic initiatives include scaling fund and asset management platforms, operational efficiencies, and a proposed transition of its European partnership with Blackstone, expected to stabilise leverage and enhance long-term growth. An investor call is scheduled for today, 28 September 2026 at 14:00 South African Standard time (’SAST’) / 13:00 British Summer Time (‘BST).
Interim results
The interim results for the period ending 30 September 2026 are scheduled for release on 2 December 2026.
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