Convenience retail is an integral part of the Collins Property Group portfolio, while some 60% of its asset value is from industrial and logistics spaces.
Collins Property Group increased its distributable income per share (DIPS) by 12.8% to 123 cents in the year to February 28, from 109 cents in 2025, as its already very low vacancy rate reduced even further.
It made a final distribution of 65 cents a share, comprising a normal dividend of 54 cents and a return of capital of 11 cents per share. The dividend payout ratio also increased to 95% from 92%.
The bulk of the company’s portfolio comprises commercial warehouse and distribution centres in South Africa, where it also owns convenience retail centres, and it owns commercial and industrial properties in Australia, Netherlands, Namibia, Mozambique, and Zambia.
The distribution per share increased by 17% to 117 cents. The vacancy rate on its portfolio reduced to a low 1.7% from 1.8%. The company loan-to-value ratio was much in line at 49.2% from 49.8% in 2025.
