(Registered in Guernsey with registration number 64865)
LSE share code: STP JSE share code: STP
4 December 2020
Half year results announcement for the six months ended 30 September 2020
The publication of this announcement is in line with Johannesburg Stock Exchange requirements.
Highlights for the six months ended 30 September 2020
Like-for-like portfolio valuation increase for period
Diluted IFRS EPS
Dividend per share, fully covered and maintained
* 'EPRA' means European Public Real Estate Association. 'NTA' means net tangible assets. 'EPS' means earnings per share. 'LTV' means loan-to-value. 'IFRS' means International Financial Reporting Standards. 'Like-for-Like' is a change in measure for reference data existing in the current and previous period. 'Free cash' is cash and cash equivalents less restricted cash and cash held for other purposes.
1. The interim dividend was declared by the directors on 2 December 2020. Part of the distribution will be a Property Income Distribution (known as a PID) which, subject to certain exemptions, will attract UK withholding tax. A further announcement informing shareholders of the salient dates and tax treatment will be released in due course.
This short-form announcement is the responsibility of the directors and represents a summary of the information contained in the full announcement released on SENS and the LSE on 4 December 2020 and does not contain full or complete details of the financial results. None of the information contained in this announcement has been reviewed or reported on by the Company's auditors. The full announcement can be accessed using the following JSE link:
Stenprop Limited's condensed financial statements for the six months ended 30 September 2020 have been reviewed by the Company's auditors BDO LLP, who have provided an unqualified opinion within their review report. The full announcement including the Company's reviewed condensed financial statements is available on the Company's website:
Copies of the full announcement may be requested at 180 Great Portland Street, London, United Kingdom, and at the office of the sponsor, Java Capital, at 6th Floor, 1 Park Lane (entrance at 39 Wierda Road West), Wierda Valley, Sandton, 2196, Johannesburg, South Africa, during office hours at no charge from Friday, 4 December 2020 to Friday, 11 December 2020. Any investment decision by shareholders and/or investors should be based on information contained in the full announcement published on SENS and the LSE, and on the Company's website: www.stenprop.com