Redefine signals improving market confidence after raising annual distributable income 7.8%

REDEFINE Properties, which marked another year of its multiyear transformation strategy with a 7.8% rise in distributable income, has detected early signs of rising business and consumer confidence in South Africa.

- EDWARD WEST

REDEFINE Properties, which ended its 2025 financial year on a strong note with its dividend up 7,8%, has forecasted that distributable income should grow between 4% and 6% in its 2026 financial year.

(SIMPHIWE MBOKAZI African News Agency (ANA))

The JSE-listed diversified property REIT's portfolio proved resilient again over the year to August 31, 2025, with retail and industrial strength offsetting a still-muted office sector. The dividend increased 7.8% to 45.84 cents per share.

"Our portfolio mix really paid off this year. Retail and industrial delivered very pleasing results, offsetting the structural headwinds still facing offices," said Chief Operating Officer Leon Kok.

CEO Andrew König said that early signs of rising business and consumer confidence were evident in leasing activity and investor sentiment, supported by the country's recent removal from the FATF greylist and prospects of a sovereign credit rating upgrade.

"The finalisation of South Africa's greylisting exit is significant - it will translate into lower costs of capital, attract more foreign investment, and deepen domestic liquidity. We're already seeing the bond market pricing that in," said König.