The company reported that revenues of P571.8 million were recorded during the period, which was better than the P561 million in 2023 rounding up with a profit before tax (PBT) of P174.5 million. RDC’s total asset value is now at P5.92 billion, reflecting its continued expansion in different international markets. The company has flagship assets such as the Masa Centre, VMD Kvart and Cape Quarter in Cape Town and has the largest portfolio of investment properties listed on the BSE. The group has also made significant strides in reducing its vacancy rate, which improved to 8.2 percent in 2024 from 11.3% in the previous year. “This improvement underscores the effectiveness of RDC Properties’ leasing strategies and the growing demand for its properties across key markets.
” In response to market volatility, the group has implemented currency hedging measures aimed at mitigating the risks associated with foreign exchange fluctuations. Given its diversified portfolio spanning multiple countries, RDC Properties has taken proactive steps to protect its earnings from currency depreciation and market uncertainties. Additionally, interest rate hedging mechanisms have been put in place to shield the company from rising borrowing costs. These financial risk management strategies have helped stabilise cash flows and protect shareholder value. Despite challenging global economic conditions, RDC Properties has demonstrated resilience, leveraging its strong asset base and strategic financial management to deliver robust results.
