Page 199 - Profile's Stock Exchange Handbook - 2026 Issue 2

Profile’s Stock Exchange Handbook: 2026 - Issue 2 JSE - VUK
Vukile Property Fund Ltd. Vunani Ltd.

ISIN: ZAE000056370 SHORT: VUKILE CODE: VKE ISIN: ZAE000163382 SHORT: VUNANI CODE: VUN
REG NO: 2002/027194/06 FOUNDED: 2004 LISTED: 2004 REG NO: 1997/020641/06 FOUNDED: 1997 LISTED: 2007
NATURE OF BUSINESS: Vukile Property Fund Ltd. (Vukile, the NATURE OF BUSINESS: Vunani is an independent black-owned
company or the group) is a high-quality, low-risk and retail-focused and managed diversified financial services group with a robust
Real Estate Investment Trust (REIT), which listed on the JSE Ltd. operational platform that supports an innovative and fully
on 24 June 2004 (JSE code: VKE) and on the Namibia Securities integrated range of products and services. The company is owner-
Exchange (NSX) on 11 July 2007 (NSX code: VKN). Vukile’s market managed by professionals who have a passion for entrepreneurship
capitalisation was R21.7 billion on 31 March 2025 and its direct and has solidified its position as one of the country’s leading
property portfolio was valued at R48.4 billion. boutique providers.
SECTOR: RealEstate--RealEstate--REITS--Retail SECTOR: Fins--FinServcs--InvBnkng&BrokerServcs--Investment Services
NUMBER OF EMPLOYEES: 82 NUMBER OF EMPLOYEES: 386
DIRECTORS: Dongwana N P (ind ne), Formby J (ind ne), Zehner J (ind ne), DIRECTORS: Anderson N M, Golding M J A (ne), Khoza B M, Macey J
Pottas L (FD), Rapp L (CEO), Mothibeli I, Payne N G (Chair, ind ne), (ind ne), Mazwi N S (ind ne), Nzalo G (ind ne), Jacobs L I (Chair, ind ne),
Kodisang B M (ne), Mokate Dr R D (ld ind ne), Mokgabudi T (ind ne), Dube E G (Group CEO), Mika T (CFO)
Moseneke Dr G S (ne) MAJOR ORDINARY SHAREHOLDERS as at 28 Feb 2025
MAJOR ORDINARY SHAREHOLDERS as at 22 Oct 2025 Bambelela Capital (Pty) Ltd. 49.20%
Public Investment Corporation SOC Ltd. 20.22% Geomer Investments (Pty) Ltd. 18.60%
Truffle Asset Management (Pty) Ltd. 5.38% POSTAL ADDRESS: PO Box 652419, Benmore, 2010
Ninety One SA (Pty) Ltd. 5.02% MORE INFO: www.sharedata.co.za/sdo/jse/VUN
POSTAL ADDRESS: PO Box 2779, Saxonworld, 2132 COMPANY SECRETARY: CIS Company Secretaries (Pty) Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/VKE TRANSFER SECRETARY: Singular Systems (Pty) Ltd.
COMPANY SECRETARY: Johann Neethling SPONSOR: Vunani Sponsors
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd. AUDITORS: BDO South Africa Inc.
SPONSOR: Java Capital (Pty) Ltd. CAPITAL STRUCTURE Authorised Issued
AUDITORS: PwC Inc. VUN Ords no par val 500 000 000 161 155 915
CAPITAL STRUCTURE Authorised Issued DISTRIBUTIONS [ZARc]
VKE Ords no par val 1 500 000 000 1 369 093 431 Ords no par val Ldt Pay Amt
DISTRIBUTIONS [ZARc] Final No 15 8 Jul 25 14 Jul 25 35.00
Ords no par val Ldt Pay Amt Final No 14 9 Jul 24 15 Jul 24 9.00
Interim No 43 15 Dec 25 22 Dec 25 60.16 LIQUIDITY: Apr26 Avg 180 179 shares p.w., R367 505.6(5.8% p.a.)
Final No 42 1 Jul 25 7 Jul 25 76.54
LIQUIDITY: Apr26 Avg 15m shares p.w., R330.1m(55.6% p.a.)

FINANCIAL STATISTICS
Aug 25 Feb 25 Feb 24 Feb 23 Feb 22
FINANCIAL STATISTICS (R ‘000) Interim Final Final Final(rst) Final(rst)
Sep 25 Mar 25 Mar 24 Mar 23 Mar 22 Turnover 221 772 543 130 496 407 548 423 676 705
(R million)
Interim Final Final Final Final Op Inc 41 911 79 966 55 182 124 617 112 965
NetRent/InvInc 1 620 2 565 2 212 2 049 1 917 NetIntPd(Rcvd) - 2 582 3 556 2 322 304 - 1 349
Total Inc 1 667 3 257 2 328 2 416 2 310 Minority Int 9 376 8 375 9 860 5 012 10 919
Attrib Inc 2 365 3 209 1 587 1 932 1 909 Att Inc 15 288 - 11 502 14 355 52 404 60 785
TotCompInc/Loss 2 930 3 401 3 337 3 952 1 314 TotCompInc/Loss 25 193 - 3 381 24 172 57 947 71 423
Ord UntHs Int 29 673 27 868 23 803 20 077 17 568 Fixed Ass 35 168 38 772 36 690 40 294 23 508
Investments 1 224 1 124 3 545 2 046 2 026 Inv & Loans 774 408 692 608 616 769 530 557 464 702
FixedAss/Prop 52 149 48 298 36 568 34 380 30 535 Tot Curr Ass 1 562 898 592 318 364 214 429 282 418 205
Tot Curr Ass 2 977 2 726 2 767 2 168 1 128 Ord SH Int 280 610 290 763 319 348 328 385 315 686
Total Ass 58 057 53 821 44 237 40 076 34 725 Minority Int 117 819 70 493 70 516 71 465 65 367
Tot Curr Liab 3 540 1 554 1 630 1 777 1 878 LT Liab 763 898 667 802 619 996 597 739 567 318
PER SHARE STATISTICS (cents per share) Tot Curr Liab 1 496 382 589 931 336 454 334 105 288 423
HEPS-C (ZARc) 85.24 158.59 131.34 134.72 134.25 PER SHARE STATISTICS (cents per share)
DPS (ZARc) 60.16 131.72 124.25 112.43 105.80 HEPS-C (ZARc) 9.50 - 2.80 7.40 30.10 34.70
NAV PS (ZARc) 2 384.00 2 239.00 2 155.00 2 048.00 1 792.00 DPS (ZARc) - 35.00 18.00 20.00 20.50
3 Yr Beta 0.40 0.64 0.34 0.44 1.19 NAV PS (ZARc) 174.10 180.40 198.20 203.80 196.50
Price Prd End 2 074 1 745 1 518 1 244 1 406 3 Yr Beta - 0.10 - 0.27 - - 0.12 0.01
Price High 2 216 1 899 1 574 1 570 1 421 Price High 235 270 290 300 301
Price Low 1 571 1 418 1 151 1 217 858 Price Low 150 150 260 260 226
RATIOS Price Prd End 200 190 270 290 280
RetOnSH Funds 16.23 11.02 6.72 9.51 10.68 RATIOS
RetOnTotAss 5.87 6.38 5.28 6.05 6.72 Ret on SH Fnd 12.38 - 0.87 6.21 14.36 18.82
Debt:Equity 0.81 0.79 0.81 0.83 0.82 Oper Pft Mgn 18.90 14.72 11.12 22.72 16.69
OperRetOnInv 6.07 5.19 5.51 5.63 5.89 D:E 1.98 1.92 1.65 1.55 1.56
OpInc:Turnover 55.80 56.61 55.54 56.11 55.17 Current Ratio 1.04 1.00 1.08 1.28 1.45
Div Cover - - 0.20 0.50 1.65 1.85

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