SA Corporate Real Estate Limited (JSE:SAC)
South Africa · Delayed Price · Currency is ZAR · Price in ZAc 348.00
+2.00 (0.58%)
Sep 29, 2026, 2:24 PM SAST
SA Corporate Real Estate Income Statement
Financials in millions ZAR. Fiscal year is January - December.
Millions ZAR. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Rental Revenue | 2,973 | 2,922 | 2,941 | 2,480 | 2,042 | 2,121 |
Other Revenue | 133.51 | 139.05 | 50.75 | 54.72 | 246.53 | -36.29 |
| 3,106 | 3,061 | 2,992 | 2,535 | 2,289 | 2,085 | |
Revenue Growth (YoY | 4.38% | 2.33% | 18.01% | 10.75% | 9.78% | 4.13% |
Property Expenses | 1,348 | 1,305 | 1,314 | 1,073 | 875.48 | 848.67 |
Selling, General & Administrative | 18.99 | 18.99 | 18.91 | 17.05 | 11.58 | 13 |
Depreciation & Amortization | 21.27 | 21.27 | 18.24 | 26.14 | 12 | 11.53 |
Other Operating Expenses | 215.7 | 215.7 | 170.37 | 166.87 | 136.58 | 123.71 |
Total Operating Expenses | 1,618 | 1,581 | 1,550 | 1,304 | 1,058 | 1,053 |
Operating Income | 1,488 | 1,481 | 1,441 | 1,231 | 1,231 | 1,032 |
Interest Expense | -846.85 | -869.65 | -826.87 | -673.9 | -287.52 | -238.29 |
Interest & Investment Income | 44.35 | 50.86 | 32.28 | 48.9 | 33.89 | 39.76 |
Currency Exchange Gain (Loss) | 37 | 56.88 | -5.01 | -40.21 | -27.06 | -44.49 |
Other Non-Operating Income | 154.28 | - | -2.16 | 97.41 | -0.28 | 6.92 |
EBT Excluding Unusual Items | 877.1 | 718.7 | 639.63 | 663.6 | 949.73 | 796.15 |
Gain (Loss) on Sale of Investments | -9 | 7.6 | 4.5 | 0.89 | -126.7 | 22.85 |
Gain (Loss) on Sale of Assets | 34.87 | 9.2 | -15.52 | -55.77 | -5.33 | -21.72 |
Total Insurance Settlements | - | - | - | 0.41 | 52.61 | 331.5 |
Asset Writedown | -91.35 | -162.3 | 16.5 | 599 | 1.22 | -502.01 |
Other Unusual Items | - | - | - | 8.4 | -48.6 | - |
Pretax Income | 811.62 | 573.19 | 645.11 | 1,217 | 822.92 | 626.76 |
Income Tax Expense | 9.16 | 9.18 | -0.72 | 7.58 | 3.61 | 5.88 |
Earnings From Continuing Operations | 802.46 | 564.01 | 645.83 | 1,209 | 819.31 | 620.88 |
Net Income | 802.46 | 564.01 | 645.83 | 1,209 | 819.31 | 620.88 |
Net Income to Common | 802.46 | 564.01 | 645.83 | 1,209 | 819.31 | 620.88 |
Net Income Growth | 29.95% | -12.67% | -46.58% | 47.56% | 31.96% | - |
Basic Shares Outstanding | 2,681 | 2,580 | 2,486 | 2,491 | 2,489 | 2,515 |
Diluted Shares Outstanding | 2,710 | 2,612 | 2,517 | 2,501 | 2,500 | 2,515 |
Shares Change | 6.30% | 3.79% | 0.64% | 0.03% | -0.58% | - |
EPS (Basic) | 0.30 | 0.22 | 0.26 | 0.49 | 0.33 | 0.25 |
EPS (Diluted) | 0.30 | 0.22 | 0.26 | 0.48 | 0.33 | 0.25 |
EPS Growth | 22.24% | -15.86% | -46.92% | 47.51% | 32.73% | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share | 0.275 | 0.266 | 0.244 | 0.232 | 0.241 | 0.229 |
Dividend Growth | 8.67% | 8.96% | 5.13% | -4.02% | 5.50% | -24.45% |
Operating Margin | 47.91% | 48.36% | 48.18% | 48.57% | 53.76% | 49.50% |
Profit Margin | 25.83% | 18.42% | 21.59% | 47.69% | 35.79% | 29.78% |
EBITDA | 1,511 | 1,490 | 1,449 | 1,239 | 1,236 | 1,038 |
EBITDA Margin | 48.65% | 48.68% | 48.44% | 48.88% | 54.01% | 49.76% |
D&A For Ebitda | 22.87 | 9.85 | 7.86 | 7.78 | 5.55 | 5.28 |
EBIT | 1,488 | 1,481 | 1,441 | 1,231 | 1,231 | 1,032 |
EBIT Margin | 47.91% | 48.36% | 48.18% | 48.57% | 53.76% | 49.50% |
Funds From Operations (FFO) | 822.16 | 774.75 | 680.91 | 647.79 | 674.76 | 639.46 |
Adjusted Funds From Operations (AFFO) | - | 774.75 | 680.91 | 647.79 | 674.76 | 639.46 |
FFO Payout Ratio | 87.17% | 84.77% | 88.29% | 87.61% | 95.33% | 110.91% |
Effective Tax Rate | 1.13% | 1.60% | - | 0.62% | 0.44% | 0.94% |