Dipula Income Fund Ltd

DIB · JSE · Real Estate / REIT - Retail

745.00ZAC+3.00 (+0.40%)

Price History

Full chart

Market Stats

Previous Close742.00

Open775.00

Day Range745.00 – 775.00

52-Week Range550.00 – 760.00

Volume2.05M

Market Cap8.55B

P/E (TTM)7.12

Forward P/E0.00

EPS1.01

Dividend Yield7.65%

Beta0.24

50-Day Avg699.04

200-Day Avg691.01

About

Dipula Properties Limited is an internally managed, South Africa focused Real Estate Investment Trust (REIT). It owns a portfolio of retail, office, industrial and residential property assets throughout South Africa, with most of the portfolio located in Gauteng. Dipula's strategy is to own a defensive portfolio with a bias towards convenience, rural and township retail centres. The portfolio has yielded a solid performance since listing. The Company focuses on specific market segments and continuously repositions the portfolio to adapt to changing market conditions. Dipula Properties Limited was incorporated in 2005 in South Africa.

Company Details

SectorReal Estate
IndustryREIT - Retail
CEOMr. Izak Smolly Petersen BCom, CA (SA), PGDA
Employees79
Headquarters12th Floor, Firestation Rosebank, Johannesburg, South Africa, 2196, South Africa
Websitehttps://www.dipula.co.za

Leadership

Mr. Izak Smolly Petersen BCom, CA (SA), PGDACEO & Executive Director · b. 1973
Mr. Sudesh Moodley C.A.Financial Director & Director · b. 1979
Mr. Jay JunkoonChief Operating Officer
Natasha DaviesCompany Secretary

Financials

Income Statement

Currency: ZAR	2014-08-31	2015-08-31	2016-08-31	2017-08-31	2018-08-31	2019-08-31	2020-08-31	2021-08-31	2022-08-31	2023-08-31	2024-08-31	2025-08-31
Total Revenue	598.29M	729.11M	1.07B	1.07B	1.10B	1.32B	1.29B	1.31B	1.35B	1.40B	1.49B	1.51B
Growth (%)	-	+21.86%	+46.12%	+0.40%	+3.08%	+19.91%	-2.32%	+1.74%	+2.89%	+3.19%	+6.63%	+1.69%
Cost of Revenue	223.69M	254.29M	349.65M	353.46M	362.82M	411.25M	422.65M	443.93M	466.74M	482.66M	552.65M	591.96M
Gross Profit	374.60M	474.82M	715.74M	716.20M	739.77M	910.85M	868.82M	870.03M	885.23M	912.38M	934.82M	920.57M
Gross Margin	62.61%	65.12%	67.18%	66.96%	67.09%	68.89%	67.27%	66.21%	65.48%	65.40%	62.85%	60.86%
Operating Expense	18.33M	25.79M	32.01M	31.89M	61.97M	70.52M	78.39M	79.83M	46.58M	58.40M	51.49M	61.76M
Operating Income	356.27M	449.03M	683.73M	684.31M	677.80M	840.33M	790.43M	790.20M	838.65M	853.98M	883.33M	858.81M
Operating Margin	59.55%	61.59%	64.18%	63.97%	61.47%	63.56%	61.20%	60.14%	62.03%	61.22%	59.38%	56.78%
EBITDA	-	-	-	675.47M	805.95M	1.10B	512.93M	901.92M	1.37B	1.04B	1.17B	1.34B
EBITDA Margin	-	-	-	63.15%	73.10%	83.43%	39.72%	68.64%	101.43%	74.35%	78.81%	88.40%
Net Income	332.81M	518.66M	666.05M	387.92M	471.54M	681.57M	119.07M	429.45M	1.08B	588.03M	774.30M	931.87M
Net Income Margin	55.63%	71.14%	62.52%	36.27%	42.77%	51.55%	9.22%	32.68%	79.92%	42.15%	52.06%	61.61%
Interest Expense	0	0	0	0	0	331.00M	331.30M	294.52M	292.66M	340.38M	371.80M	347.60M
Interest Expense % of Total Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	25.04%	25.65%	22.41%	21.65%	24.40%	25.00%	22.98%

Balance Sheet

Currency: ZAR	2014-08-31	2015-08-31	2016-08-31	2017-08-31	2018-08-31	2019-08-31	2020-08-31	2021-08-31	2022-08-31	2023-08-31	2024-08-31	2025-08-31
Total Assets	4.34B	5.77B	7.32B	7.41B	9.27B	9.52B	9.58B	9.53B	9.97B	10.11B	10.58B	11.22B
Total Liabilities	1.82B	2.17B	2.99B	2.98B	3.81B	3.91B	4.04B	3.87B	3.90B	3.86B	4.05B	4.21B
Total Equity	2.53B	3.60B	4.19B	4.42B	5.31B	5.43B	5.30B	5.45B	5.93B	6.05B	6.35B	6.83B
Cash	32.02M	63.05M	58.73M	130.23M	89.06M	119.09M	49.36M	62.58M	64.24M	61.55M	112.63M	96.47M
Net Debt	-	-	-	2.69B	3.50B	3.59B	3.54B	3.36B	3.45B	3.49B	3.63B	3.77B

Cash Flow

Currency: ZAR	2014-08-31	2015-08-31	2016-08-31	2017-08-31	2018-08-31	2019-08-31	2020-08-31	2021-08-31	2022-08-31	2023-08-31	2024-08-31	2025-08-31
Operating Cash Flow	245.37M	319.12M	-29.96M	446.17M	476.31M	510.02M	516.98M	506.64M	600.44M	11.65M	-6.47M	48.60M
Investing Cash Flow	-346.84M	-1.16B	-1.09B	-132.88M	-1.74B	-24.78M	-71.79M	-29.16M	-7.97M	-	-	-
Financing Cash Flow	110.91M	872.10M	755.12M	-241.80M	1.20B	-435.17M	-514.92M	-464.26M	-590.80M	-	-	-
Capital Expenditure	0	96.59M	474.00K	96.59M	164.78M	655.00K	56.15M	68.85M	106.54M	161.45M	150.38M	277.43M
Free Cash Flow	-	-	-	32.52M	-179.78M	-148.33M	180.78M	135.30M	-94.40M	-149.80M	-156.85M	-228.82M
Dividends Paid	230.08M	265.29M	376.32M	413.18M	491.10M	571.04M	279.73M	302.12M	588.29M	-	-	-
FCF to OCF	-	-	-	7.29%	-37.74%	-29.08%	34.97%	26.71%	-15.72%	-1286.28%	2424.69%	-470.78%
Dividend Paid to FCF	-	-	-	1270.44%	-273.17%	-384.97%	154.74%	223.30%	-623.19%	-	-	-

Key Statistics & Ratios

Market Cap8.55B

Enterprise Value12.30B

Trailing P/E7.12

Forward P/E0.00

Price / Sales5.46

Price / Book1.12

EPS1.01

Book Value7.31

Revenue (TTM)1.57B

Gross Profit (TTM)965.10M

EBITDA906.18M

Profit Margin61.70%

Operating Margin57.31%

Return on Equity14.17%

Return on Assets4.97%

Shares Outstanding1.19B

Shares Float915.30M

Beta0.24

Dividend Yield7.65%

Dividend Rate0.55

Payout Ratio50.85%

Dividends

20231×

0.26Jun 7, 2023

20222×

0.31Dec 7, 20220.42Jun 1, 2022

20212×

0.45Dec 8, 20210.45Jun 2, 2021

20192×

0.40Dec 11, 20190.43Jun 12, 2019

20182×

0.56Dec 5, 20180.44Jun 6, 2018

20172×

0.54Dec 6, 20170.42Jun 7, 2017

20162×

0.51Dec 7, 20160.39May 30, 2016

20152×

0.45Nov 30, 20150.35Jun 12, 2015

20142×

0.41Dec 1, 20140.32Jun 13, 2014

20132×

0.37Dec 2, 20130.30Jun 14, 2013

20122×

0.33Dec 3, 20120.28Jun 4, 2012

20111×

0.02Dec 5, 2011