The company uses dividend per share as its key performance measure as it considers it a more relevant performance measure than earnings or headline earnings per share (HEPS).
Since listing in 2015‚ Indluplace has grown its portfolio by more than 85% to 6‚859 residential units and 14‚800m² of associated retail space‚ valued at about R2.9bn‚ according to the results statement.
Vacancy rates for the year to end-September held steady at 3.5%. Operating costs have increased from R130.6m to R153.3m‚ which is in line with the increased property portfolio.
The company forecast dividend growth of between 4% and 7% for the 2018 financial year.
The share price was relatively flat at R9.49 in early trade on the JSE‚ giving the company a market valuation of R3bn.
Source: BDpro
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