Equites 1H27 slides: UK exit complete, SA pipeline hits R2.4bn

Equites Property Fund reported interim results for the six months ended August 2026, highlighting the completion of its UK portfolio exit and a strengthened balance sheet. Distribution per share grew by 5.11% to 72.57 cents, while the company's loan-to-value ratio declined to 28.1% from 35.1% at the start of the period, providing financial flexibility for its domestic growth strategy in South Africa.

The company allocated R2.4 billion of the proceeds from the UK portfolio exit to South African logistics developments, with a yield on cost of 8% to 9%.

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