DLT Results Neutral

DELTA PROPERTY FUND LIMITED - Audited condensed annual results for the year ended 28 February 2026

Delta Property Fund Limited
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What this filing means

Delta Property Fund returned to headline profitability and secured near-term survival through critical debt facility extensions, though falling operating income and a R2.5 billion current liability mismatch keep the turnaround fragile.

Bull case

  • The company returned to profitability with a profit of R127.0 million for the period, a significant improvement from the R104.2 million loss reported in FY25.
  • Headline earnings per share increased by 43.3% to 14.9 cents, while SA REIT funds from operations (FFO) per share grew 14.6% to 17.3 cents.

Bear case

  • The auditors maintained an emphasis of matter regarding a material uncertainty related to going concern, as current liabilities exceed current assets by R2.5 billion.
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Category
Results
Event posture
Too Late
Published
May 29, 2026

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