Lighthouse Capital Limited (JSE:LTE) News - Click below to view full PDF article
https://senspdf.jse.co.za/documents/2022/jse/isse/ltee/FY_Q22022.pdf
Summarised unaudited consolidated financial results 
for the six months ended 30 June 2022

Lighthouse Properties p.l.c.
(formerly Lighthouse Capital Limited)
Reg no: C 100848
Incorporated in Mauritius on 14 August 2014
Redomiciled to Malta on 29 December 2021
ISIN: MU0461N00015
JSE share code: LTE
LEI: 549300UG27SWRF0X2U62
("Lighthouse" or the "Company" or the "Group")

Short-form announcement: summarised unaudited consolidated financial results 
for the six months ended 30 June 2022

Lighthouse is domiciled in Malta and is listed on the Main Board of the 
Johannesburg Stock Exchange Limited ("JSE"). The Group invests directly and 
indirectly in dominant and defensive retail malls located in large and mid- 
sized cities with strong economic support and growth.

Lighthouse achieved 1,754 EUR cents of distributable earnings per share for
1H2022.

The Board has declared an interim distribution of 1,625 EUR cents per share for 
1H2022. This represents a 0,9% increase compared to the 1,610 EUR cents for 
1H2021. The Board's distribution policy allows for the retention of 
distributable earnings and the payout ratio for 1H2022 is 92,6%.

Shareholders will have the option to receive a scrip distribution of 
1,625 EUR cents per share or a cash distribution of 1,462 EUR cents per share. 
A circular in this regard will be distributed in due course.


                                         Unaudited      Unaudited
                                           for the        for the
                                        six months     six months
                                             ended          ended
                                          Jun 2022       Jun 2021     Movement
Total revenue (EUR)                     35 246 982     11 961 879   23 285 103
Basic and diluted earnings/(loss) 
per share (EUR cents)                         0,72          (4,84)        5,56
Headline earnings/(loss) and diluted
headline loss per share (EUR cents)           0,78          (2,37)        3,15
Interim distribution (EUR cents per
share)                                        1,63           1,61         0,02

Management accounts information:
Net asset value per share (EUR cents)        36,43          47,75       (11,32)
Loan-to-value (%)#                           31,38          11,32        20,06

# The loan-to-value ratio is calculated by dividing total interest-bearing 
borrowings, adjusted for cash and cash equivalents and derivative collateral, 
by the total of investments in property, listed securities at fair value, 
investment in associate at fair value, derivative financial instruments, and 
loans advanced.

Outlook
The properties in Portugal, Spain, and Slovenia are performing well and are
well positioned for future growth. The French portfolio is undergoing
considerable redevelopment, refurbishment, and reletting. This will place the 
company in a strong position and will facilitate the letting of vacant space 
which was not included in the initial acquisition price.

This short-form announcement is the responsibility of the directors and is 
only a summary of the information in the full announcement and does not 
include full or complete details. The full announcement was released on 
SENS on 11 August 2022 and can be accessed by visiting the Company's 
website at https://www.lighthouse.mt/financials/ or by following this 
hyperlink: 
https://senspdf.jse.co.za/documents/2022/jse/isse/LTEE/FY_Q22022.pdf

The full announcement is available for inspection at the registered offices
of the Company or its sponsor, at no charge, during office hours from Friday, 
12 August 2022 to Friday, 19 August 2022. Any investment decision should 
be based on the full announcement published on SENS and available on 
the Company's website.

By order of the board

Maitland Malta Limited
Company Secretary

Malta – 11 August 2022

Directors: 
Mark Olivier (chairperson); Stuart Bird; Karen Bodenstein; 
Desmond de Beer; Anthony Doublet; Stephen Paris; Barry Stuhler; 
Justin Muller (CEO)*; Edward Mc Donald (COO)*; Jacobus van Biljon (CFO)*
(* Executive director) 

Registered address
4th Floor, Office 41, Block A, IL-Piazzetta Tower Road, Sliema, 
SLM 1605, Malta

Transfer secretary in South Africa
JSE Investor Services Proprietary Limited

JSE sponsor
Java Capital, 6th Floor, 1 Park Lane, Wierda Valley, Sandton, 2196

Maltese management company and company secretary
Maitland Malta Limited (part of the Stonehage Fleming Group)

www.lighthouse.mt

Date: 11-08-2022 05:20:00
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