Page 105 - Profile's Stock Exchange Handbook - 2026 Issue 1

Profile’s Stock Exchange Handbook: 2026 - Issue 1 JSE - DIP
Dipula Properties Ltd. Dis-Chem Pharmacies Ltd.
ISIN: ZAE000203394 SHORT: DIPULA B CODE: DIB ISIN: ZAE000227831 SHORT: DIS-CHEM CODE: DCP
REG NO: 2005/013963/06 FOUNDED: 2005 LISTED: 2011 REG NO: 2005/009766/06 FOUNDED: 1978 LISTED: 2016
NATURE OF BUSINESS: Dipula Income Fund is a REIT and is listed on NATURE OF BUSINESS: Established in 1978 by Ivan and Lynette
the JSE Ltd. under the Property: Real Estate Investment Trust sector. Saltzman, Dis-Chem is a prominent retail pharmaceutical group
Dipula was granted REIT status with effect from 1 September 2013. The in South Africa. Dis-Chem’s core belief centres around prioritising
Company listed on the JSE on 17 August 2011 and its primary business pharmacies and delivering a comprehensive shopping experience,
is long-term investment in rental income generating properties. serving as a one-stop destination for our valued customers. Having
SECTOR: RealEstate--RealEstate--REITS--Diversified been listed on the Johannesburg Stock Exchange (JSE) in 2016,
NUMBER OF EMPLOYEES: 87 Dis-Chem falls under the category of Food and Drug Retailers.
DIRECTORS: Adams Z (ind ne), Azizollahoff B H (ind ne, UK), Khoele N Over time, Dis-Chem evolved into a highly respected brand in the
(ind ne), Teeroovengadum K (ind ne), Matlala Z (Chair, ind ne), eyes of South African consumers, built on the pillars of exceptional
Petersen I S (CEO), Moodley S (FD) customer service, diverse product offerings, and an Everyday Low
MAJOR ORDINARY SHAREHOLDERS as at 31 Aug 2025 Price (EDLP) strategy.
Fairvest Ltd. 21.28% SECTOR: CnsStp--PcDrugs&Groceries--PcDrugs&Groceries--Drug Retailers
Camissa Asset Management (Pty) Ltd. 11.71% NUMBER OF EMPLOYEES: 20 562
Truffle Asset Management (Pty) Ltd. 8.93% DIRECTORS: Coovadia Dr A (ind ne), Goetsch S, Kobue K (ind ne),
POSTAL ADDRESS: Private Bag X3, Rosebank, 2132 Masondo H (ind ne), Mthimunye J (ind ne), Saltzman I L, Saltzman S E,
MORE INFO: www.sharedata.co.za/sdo/jse/DIB Sithebe A K (ind ne), Nestadt L M (Chair, ind ne), Morais R M (CEO),
COMPANY SECRETARY: Acorim (Pty) Ltd. Pope J (CFO)
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd. MAJOR ORDINARY SHAREHOLDERS as at 3 Dec 2025
SPONSOR: Java Capital (Pty) Ltd. Ivlyn (Pty) Ltd. 29.31%
AUDITORS: Mazars (Gauteng) Inc. Coronation Asset Management (Pty) Ltd. 16.13%
CAPITAL STRUCTURE Authorised Issued Government Employees Pension Fund 11.28%
DIB B ords no par val 6 000 000 000 1 013 398 710 POSTAL ADDRESS: Private Bag X21, Northriding, 2162
DISTRIBUTIONS [ZARc] MORE INFO: www.sharedata.co.za/sdo/jse/DCP
COMPANY SECRETARY: Nikki Lumley
A ords no par val Ldt Pay Amt TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
Interim No 20 31 May 22 6 Jun 22 61.97 SPONSOR: Standard Bank of South Africa Ltd.
Final No 19 7 Dec 21 13 Dec 21 59.93 AUDITORS: Mazars Inc.
LIQUIDITY: Jan26 Avg 4m shares p.w., R24.9m(22.2% p.a.) CAPITAL STRUCTURE Authorised Issued
DCP Ords no par val 1 500 000 000 860 084 483
DISTRIBUTIONS [ZARc]
Ords no par val Ldt Pay Amt
Interim No 16 18 Nov 25 24 Nov 25 29.42
Final No 15 17 Jun 25 23 Jun 25 27.85
LIQUIDITY: Jan26 Avg 8m shares p.w., R254.5m(46.8% p.a.)

FINANCIAL STATISTICS
Aug 25 Aug 24 Aug 23 Aug 22 Aug 21
(R ‘000)
Final Final Final(rst) Final(rst) Final(rst)
NetRent/InvInc 857 288 871 676 840 178 833 182 823 613
Total Inc 879 654 891 031 855 727 848 455 838 062
Attrib Inc 931 871 774 302 588 031 1 080 512 429 454
TotCompInc/Loss 967 864 780 258 678 452 1 077 857 483 197
Ord UntHs Int 6 830 487 6 354 346 6 050 615 5 926 588 5 450 805 FINANCIAL STATISTICS
FixedAss/Prop 10 733 407 10 141 049 9 736 071 9 586 516 9 111 679 (R million) Aug 25 Feb 25 Feb 24 Feb 23 Feb 22
Tot Curr Ass 389 207 369 828 282 337 275 052 298 287 Interim Final Final Final Final
Total Ass 11 219 616 10 579 241 10 108 280 9 973 558 9 526 791 Turnover 21 274 39 172 36 283 32 664 30 407
Tot Curr Liab 200 337 191 442 1 612 692 1 426 849 1 361 829 Op Inc 1 125 2 104 1 779 1 744 1 539
PER SHARE STATISTICS (cents per share) NetIntPd(Rcvd) 247 491 440 350 313
HEPS-C (ZARc) 53.08 49.32 55.78 74.60 49.84 Minority Int 27 39 36 27 37
DPS (ZARc) 51.53 48.96 51.26 73.19 118.95 Att Inc 633 1 180 984 1 000 853
NAV PS (ZARc) 750.00 698.00 663.50 663.20 1 069.57 TotCompInc/Loss 660 1 219 1 021 1 027 890
3 Yr Beta - - - - 0.51 Fixed Ass 5 539 5 297 4 800 4 429 3 689
Price Prd End 565 450 408 395 410 Tot Curr Ass 11 571 11 945 10 923 9 448 8 854
Price High 599 456 450 489 450 Ord SH Int 5 627 5 218 4 472 3 900 3 324
Price Low 420 325 241 348 78 Minority Int 19 11 3 32 62
3 850
RATIOS LT Liab 3 838 10 178 3 843 3 233 3 175
9 183
9 886
8 350
Tot Curr Liab
7 514
RetOnSH Funds 13.80 11.95 10.86 17.73 8.54
RetOnTotAss 7.84 8.42 8.47 8.51 8.80 PER SHARE STATISTICS (cents per share)
Debt:Equity 0.57 0.59 0.59 0.60 0.64 HEPS-C (ZARc) 73.80 137.50 114.60 116.50 99.20
OperRetOnInv 7.99 8.60 8.63 8.69 9.04 DPS (ZARc) 29.44 54.83 45.73 46.57 39.69
OpInc:Turnover 56.68 58.60 60.23 61.63 62.68 NAV PS (ZARc) 656.46 606.71 520.29 457.22 393.63
3 Yr Beta 0.88 0.81 0.77 - 0.19 - 0.08
Price High 3 700 4 000 3 120 3 915 3 900
Price Low 2 650 2 973 2 154 2 650 2 165
Price Prd End 3 405 3 266 3 054 2 705 3 462
RATIOS
Ret on SH Fnd 23.37 23.32 22.80 26.13 26.29
Oper Pft Mgn 5.29 5.37 4.90 5.34 5.06
D:E 0.87 1.10 1.16 1.14 1.18
Current Ratio 1.17 1.17 1.19 1.13 1.18
Div Cover 2.51 2.51 2.51 2.50 2.50
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