FMP | 2018 Interim unaudited Financial Results and Presentation

September 13, 2018|

Our Strategic Focus Areas

Acquisitions and Developments

  • Acquisitions on pre-let basis.
  • Demand driven developments.

Property portfolio diversification by location and sector

  • Reduce exposure in CBD office over time/increase exposure in other sub-sectors, emerging sectors and locations.

Cost Management

  • Continued cost optimisation to ensure value addition of all expenditure.

Active Asset Management

  • Reposition existing assets to maintain and grow occupancy levels
  • Capital recycling.

Leveraged balance sheet growth

  • Increased focus on securing competitively priced long term debt for acquisitions & developments.

Long term sustainable earnings

  • Focus on well positioned properties with growth prospects
  • Sustainable renewable energy solutions for properties.

Interim Dividend

  • Your Board resolved not to declare an interim dividend from the profits for the six months ended 30 June 2018.

Related downloads

FMP | 2018 Interim financial results

FMP | 2018 Interim financial results presentation

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Latest news and corporate announcements from First Mutual Properties Limited (FMP.zw).

First Mutual Properties, formerly known as Pearl Properties Limited, is a subsidiary of First Mutual Holdings. It is a real estate company with vested interests in the development and management of commercial properties in the major towns of Zimbabwe. First Mutual Properties has a significant property portfolio, comprising some 117 250 square metres of lettable space made up of office parks, retail shops, commercial and industrial property. It owns and manages 41 buildings in the major economic hubs of Zimbabwe, including high-rise commercial buildings, industrial and warehouse properties and retail outlets. First Mutual Properties also has a residential trading stock of two- and three-bedroomed garden flats in Avondale, Harare. First Mutual Properties is listed on the Zimbabwe Stock Exchange

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