In terms of the JSE Listings Requirements, property entities are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the distribution per share for the next reporting period will differ by at least 15% from the distribution per share for the previous corresponding reporting period.
Accordingly, shareholders are advised that MAS anticipates that its interim distribution per share for the six-month period ended 31 December 2016 will be between 2.62 euro cents and 2.70 euro cents, being between 15.4% and 18.9% higher than the interim distribution per share of 2.27 euro cents for the six-month period ended 31 December 2015. This distribution per share is in line with the Company’s expectation of 30% growth for the year.
MAS pays a distribution twice per year. The final distribution per share for the year ended 30 June 2016 was 2.23 euro cents. The total distribution per share for the year ended 30 June 2016 was therefore 4.5 euro cents per share.
The financial information and distribution growth guidance on which this trading statement is based has not been reviewed or reported on by MAS’ auditors.
The financial results for the six-month period ended 31 December 2016 will be published on 27 February 2017.