Lighthouse Properties p.l.c. (JSE:LTE)
South Africa · Delayed Price · Currency is ZAR · Price in ZAc 816.00
-3.00 (-0.37%)
Oct 19, 2026, 4:06 PM SAST
Lighthouse Properties p.l.c. Earnings Call Transcripts
Fiscal Year 2026
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Strong interim results with 9.7% distribution growth, high occupancy, and robust tenant sales across Iberia and France. Asset management and refurbishments are driving performance, with guidance for 2026 upgraded to 8.7% growth. Focus remains on enhancing existing assets amid competitive acquisition markets.
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Transformed portfolio by rotating out of Hammerson and acquiring four shopping centers, now focused on dominant malls in Iberia and France. Achieved strong sales and footfall growth, reduced vacancy to 2%, and guided 5% earnings growth for 2025 despite higher debt costs.