JSE-listed property investment company Putprop expects a decrease in headline earnings per share (Heps) for the six months to end-December.
Heps will decline by between 51% and 31% to 21.20c and 29.84c, compared with 43.24c during the same period in 2021, the company said in a trading statement on Tuesday.
Earning per share is expected to decrease between 40.3% and 20.3% to 15.61c and 20.83c, from 26.13c in December 2021.
At end-June 2022, its portfolio comprised 15 industrial, commercial, retail and residential properties including Summit Place in Pretoria, Parktown Towers, Eagle Canyon and Secunda Value Mart in Mpumalanga, among other properties.
In 2022, Putprop opened the 16,500m2 Mamelodi Square in Gauteng in a 50% joint venture partnership with JSE-listed Exemplar REITail.
The mall includes a tenant mix that appeals to the market needs of both essential and convenient retail, while still addressing the aspirational desires of the community.
Putprop will release its interim results on or about March 10.
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