Investec Property Fund Limited provided earnings guidance for the six weeks ending 31 March 2020 and year ending 31 March 2021. For the six weeks ending 31 March 2020, the company expects Net profit after tax of ZAR 24,800,000.

For the year ending 31 March 2021, the company expects Net profit after tax of ZAR 166,500,000.

Reference is made to the previous dividend guidance of 3% to 5% provided by the Board of Directors in November 2019, with the upper end being achieved through the deployment of capital into the offshore platforms. Although the Proposed Transaction is highly accretive to earnings from day one, it will only impact the current year's distribution for six weeks with the full impact of the Proposed Transaction impacting the financial year ending 31 March 2021. As a result, the dividend guidance for the financial year ending 31 March 2020, as provided in the financial results 2019 announcement published on 13 November 2019, remains unchanged.