In the pursuit of the Group’s strategy and objectives, our CORE values determine our every action:

• Honesty, integrity and transparency drive our every operation.

• Responsibility and ownership for our actions.

• All stakeholders are seen as equal and valued assets.

• Our people drive our performance and results.

• Our vision for our stakeholders is to deliver value long-term but with stability

  being a core pillar.

• Responsible corporate citizenship in respect of our social and

  environmental challenges.

Putprop is a property investment company listed on the main board of the JSE Limited under the real estate sector.

The Company listed on 4 July 1988. (JSE code: PPR)

(Registration number: 1988/001085/06)

The Company invests in industrial, commercial and retail properties, deriving its income from contracted rentals.

Putprop’s primary objective is to build a quality portfolio with strong contractual cash flows resulting in long-term sustainability and capital appreciation.

Growth will come from strategic investments, focused on industrial, retail and commercial opportunities where yields are enhancing in the medium and long-term.



Objective Priorities Target Performance-2015
Broaden our geographic footprint Into all of the provinces in South Africa The Group wishes to position itself for long term expansion of its portfolio into all provinces Acquisition of first property in North West
Optimise net income and growth in distributions. The Group will pursue a more aggressive policy of purchasing high-quality assets, while maintaining focus on refurbishments and redevelopments. Several assets have been identified for possible acquisition
Reduce vacancies and manage the lease expiry profile of the portfolio. Continue to reduce vacancy Levels to less than property sector average and to increase average lease length of portfolio. Vacancy level of 6% or less for all sectors
Stagger lease expirys on all properties Ensure that not more than 30% of all leases expire in any one year. Expiry profile set at 15%
Achieve a balanced exposure to the office, retail and industrial property sectors. Weighting on all sectors to be revisited on an active basis Commercial sector to be addressed

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