South African Tycoon Barry Stuhler's Lighthouse Declares 29.5 Million Dividend

Lighthouse Properties announces 27.33 million 29.49 million interim dividend, a 17.08 increase, driven by strong tenant sales and portfolio expansion.

Company continues growth in Iberia, with retail centers housing brands like Primark and Zara, expected to make up 86 of its 1.23 billion portfolio.

Lighthouse refinances borrowings, raising interest expenses, but projects a 5 dividend increase for 2025, with no debt maturing until March 2027.

Lighthouse Properties, a prominent Malta-based real estate firm led by South African businessman Barry Stuhler, has announced an interim dividend of 29.49 million, reflecting its ongoing commitment to returning value to shareholders despite facing economic challenges.

The 27.33 million 29.49 million dividend , set at 0.0135 0.011 per share, will be paid based on the foreign exchange rate of R19.8197/ as of market close on Monday, Mar. 31, 2025. This represents a 17.08 percent increase compared to the previous year, driven by stronger-than-expected tenant sales and a strategic expansion of its property portfolio.

Lighthouse continues to strengthen its presence in Iberia, with the region expected to make up 86 percent of its 1.14 billion 1.23 billion direct property portfolio by the end of the year. Its assets, which include high-traffic retail centers home to brands like Primark and Zara, have benefited from sector consolidation, helping to increase footfall and drive sales growth.

In December 2024, Lighthouse refinanced its borrowings tied to the Forum Coimbra property, resulting in an additional 2 million 2.16 million in interest expenses for 2025, as borrowing rates rose from 2.4 percent to 5.3 percent.

However, the company remains on solid financial footing, with no debt maturing until March 2027. It projects a 5 percent increase in distributions, targeting a full-year dividend of 0.0270 0.0324 per share.