Vukile Property Fund reports strong growth and issues optimistic outlook

VUKILE Property Fund reported strong trading metrics for the five months to August 31 and that it is on track to meet full year guidance of at least 8% growth in funds from operations (FFO) and dividends per share (DPS).

- EDWARD WEST

VUKILE Property Fund CEO Laurence Rapp. I Supplied

(Supplied)

The group's management anticipates being able to revise its annual guidance at the release of its interim results on or about November 26, 2025, but they had made a “great start” to the 2026 financial year and “at the moment it’s all trending in the right direction,” said the CEO Laurence Rapp in a pre-close online presentation on Monday.

The JSÉ-listed specialist retail real estate investment trust (REIT) is driving momentum through a strong performance from its South Africa portfolio, the integration of recently acquired assets in Spain and Portugal, and from a continuing robust performance from the portfolio in Spain.

CEO Laurence Rapp said the assets acquired in Spain and Portugal were now fully integrated into the group systems.