Page 104 - Profile's Stock Exchange Handbook - 2026 Issue 2

JSE - DIP Profile’s Stock Exchange Handbook: 2026 - Issue 2
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.
SECTOR: RealEstate--RealEstate--REITS--Diversified SECTOR: CnsStp--PcDrugs&Groceries--PcDrugs&Groceries--Drug Retailers
NUMBER OF EMPLOYEES: 87 NUMBER OF EMPLOYEES: 20 562
DIRECTORS: Adams Z (ind ne), Azizollahoff B H (ind ne, UK), Khoele N DIRECTORS: Coovadia Dr A (ind ne), Goetsch S, Kobue K (ind ne),
(ind ne), Teeroovengadum K (ind ne), Matlala Z (Chair, ind ne), Masondo H (ind ne), Mthimunye J (ind ne), Saltzman I L,
Petersen I S (CEO), Moodley S (FD) Saltzman S E, Sithebe A K (ind ne), Nestadt L M (Chair, ind ne),
MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2026 Morais R M (CEO), Pope J (CFO)
Fairvest Ltd. 21.28% MAJOR ORDINARY SHAREHOLDERS as at 3 Dec 2025
Camissa Asset Management (Pty) Ltd. 11.71% Ivlyn (Pty) Ltd. 29.31%
Truffle Asset Management (Pty) Ltd. 8.93% Coronation Asset Management (Pty) Ltd. 16.13%
POSTAL ADDRESS: Private Bag X3, Rosebank, 2132 Government Employees Pension Fund 11.28%
MORE INFO: www.sharedata.co.za/sdo/jse/DIB POSTAL ADDRESS: Private Bag X21, Northriding, Johannesburg, 2162
COMPANY SECRETARY: Acorim (Pty) Ltd. MORE INFO: www.sharedata.co.za/sdo/jse/DCP
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd. COMPANY SECRETARY: Nikki Lumley
SPONSOR: Java Capital (Pty) Ltd. TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
AUDITORS: Mazars (Gauteng) Inc. SPONSOR: Standard Bank of South Africa Ltd.
CAPITAL STRUCTURE Authorised Issued AUDITORS: Mazars Inc.
DIB B ords no par val 6 000 000 000 1 013 398 710 CAPITAL STRUCTURE Authorised Issued
DISTRIBUTIONS [ZARc] DCP Ords no par val 1 500 000 000 860 084 483
A ords no par val Ldt Pay Amt DISTRIBUTIONS [ZARc]
Interim No 20 31 May 22 6 Jun 22 61.97 Ords no par val Ldt Pay Amt
Final No 19 7 Dec 21 13 Dec 21 59.93 Interim No 16 18 Nov 25 24 Nov 25 29.42
LIQUIDITY: Apr26 Avg 8m shares p.w., R50.2m(39.7% p.a.) Final No 15 17 Jun 25 23 Jun 25 27.85
LIQUIDITY: Apr26 Avg 8m shares p.w., R259.4m(46.3% p.a.)

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