Lighthouse declared a 32 million interim dividend, marking a 7.9 increase, supported by strong Iberian real estate portfolio growth.
Barry Stuhlers 6.37 stake, equal to more than 102 million shares, earned him 2.04 million in half-year dividends.
Despite higher borrowing costs, Lighthouse posted 33.35 million profit, doubling earnings year-on-year and strengthening shareholder value.
South African-born real estate tycoon Barry Stuhler is set to receive R35.89 million 2.04 million in interim dividends from his stake in Lighthouse Properties.
The Malta-based real estate group declared a 27.39 million 31.97 million interim payout to shareholders for the first half of 2025. The dividend, set at 0.0131 per share, will be paid on Sept. 11 and marks a 7.9 percent increase from last year, supported by the companys expansion in Iberia after the 2024 sale of its Hammerson stake.
Stuhler, who owns 6.37 percent of Lighthouse, more than 102 million shares, will see his share of the payout drawn from the groups half-year retained earnings of 230.76 million 269.4 million. The distribution was approved by the board as part of Lighthouses ongoing policy to deliver steady cash returns to its investors.