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Dipula Properties Limited Class B

Dipula Properties Limited Class B

JJSE:DIB
720.00
ZAC
+13.00
(+1.84%)
725.53BMarket Cap
Nov 11Next Earn
Dipula Properties Limited Class B
JSE:DIB
(Johannesburg Stock Exchange)

Recent

price

720.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ZAR
0.46
12.18
1.36
1.33
1.85
2.03
2.61
2.53
2.32
2.5
2.44
2.48
1.51
1.55
1.63
1.66
- -
Revenue per Share
0.14
-6.02
0.37
0.71
0.27
1.09
1.63
0.92
0.99
1.29
0.22
0.81
1.21
0.65
0.85
1.02
- -
Basic EPS, GAAP
-0.01
-6.89
0.41
0.11
0.05
0.15
-0.1
0.08
-0.04
-0.12
0.45
0.39
0.01
0.01
-0.01
0.05
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.48
2.24
2.63
2.57
2.66
9.14
10.14
10.13
10.03
10.25
10
10.3
6.63
6.64
6.98
7.5
7.31
Book Value per Share
0.48
2.02
2.4
2.41
2.51
9.02
10.02
10.1
9.82
10.11
9.93
10.3
6.63
6.64
6.98
7.5
7.31
Tangible Book Value per Share
211
9
220
282
323
358
408
424
476
529
529
529
895
899
912
910
959
Basic Weighted Avg Shares
96
110
300
375
598
729
1,065
1,070
1,103
1,322
1,291
1,314
1,352
1,395
1,487
1,513
- -
Sales/Revenue/Turnover
76.42
70.88
76.69
77.48
63.67
62.14
64.18
63.97
61.47
63.82
61.2
60.14
62.03
61.22
59.38
56.78
- -
Operating Margin (%)
- -
1
- -
- -
- -
- -
10
10
38
38
38
38
1
18
20
22
- -
Depreciation Expense
29
-54
81
199
88
391
666
388
472
682
119
429
1,081
588
774
932
- -
Net Income, GAAP
14.65
- -
20.5
- -
- -
- -
- -
- -
- -
- -
- -
15.07
- -
0.04
- -
- -
- -
Effective Tax Rate (%)
30.3
-49.43
26.98
53.18
14.72
53.61
62.52
36.27
42.77
51.55
9.22
32.68
79.92
42.15
52.06
61.61
- -
Profit Margin (%)
-7
-5
-93
-113
-624
-255
-154
-302
-908
-715
-918
-1,064
-1,151
-1,330
178
189
230
Working Capital
684
1,660
1,807
2,943
2,775
1,752
2,632
2,271
2,598
2,877
2,762
2,435
2,463
2,241
3,847
3,988
4,137
LT Debt
100
474
555
754
842
3,604
4,326
4,424
5,465
5,609
5,546
5,661
6,078
6,250
6,531
7,012
7,582
Total Equity
- -
- -
7.85
- -
9.75
9.28
10.64
9.47
8.95
9.75
8.84
7.62
8.85
8.59
8.62
8.05
- -
Return on Invested Capital (%)
- -
- -
10.82
- -
11.61
13.63
13.87
8.72
8.97
10.46
4.59
6.79
14.48
8.54
11.23
11.62
- -
Return on Capital (%)
- -
-18.97
15.72
30.46
11.04
17.58
17.08
9
9.69
12.7
2.22
7.99
18.99
9.82
12.48
14.14
- -
Return on Common Equity (%)

Capital Structure

ZAR

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
ST Debt
4
6
5
LT Borrowings
3,796
3,867
4,016
LT Finance Leases
119
120
121
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
910
910
1,013
Market Capitalization
4,779
5,144
7,255

Working Capital

ZAR

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
Total Current Assets
367
389
426
Cash, Cash Equivalents & STI
93
96
108
Accounts Receivable, Net
271
138
318
Inventories
- -
- -
- -
Total Current Liabilities
173
200
196
Payables & Accruals
- -
- -
- -
ST Debt
4
6
5
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.15%
4.83%
7.37%
Free Cash Flow
-179.17%
-205.57%
-746.03%
Net Income, GAAP
43.09%
83.74%
20.35%
Sales/Revenue/Turnover
8.33%
3.23%
1.69%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,487
2025
- -
- -
1,513
2026
- -
- -
- -

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.85
2025
- -
- -
1.02
2026
- -
- -
- -

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Dipula Properties Limited is a South Africa-focused real estate investment trust (REIT) that owns, manages and develops a diversified portfolio of retail shopping centres; high-rise and low-rise office buildings, office parks and mixed-use properties; industrial warehousing, logistics parks, low- and high-grade industrial facilities including mini, midi and maxi units; affordable residential rental assets; and undeveloped land, primarily concentrated in Gauteng with operations throughout South Africa. Founded in 2005 and headquartered at Firestation Rosebank, 16 Baker Street, Johannesburg, the company listed on the JSE main board in 2011, rebranded from Dipula Income Fund to Dipula Properties Limited, and maintains an internally managed structure with approximately 166 properties encompassing 879,007 square metres of gross lettable area. In recent developments, Dipula announced and advanced five strategic acquisitions totalling R700 million in August 2025, headlined by the R480 million purchase of Protea Gardens Mall in Soweto, alongside expansions at Woolworths Gezina and Tower Mall, and two industrial properties, with transfers expected between September and November 2025; the company also reported full-year 2025 results in November showing 4% revenue growth to ZAR521 million distributable earnings, a 6% portfolio expansion, ZAR200 million in non-core asset disposals for reinvestment, and progress in solar energy initiatives and interest rate hedging at 68%.