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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.
Ninety-One acquires a 5% stake in Resilient REIT, signaling confidence in South Africa’s real estate investment sector.
With 95,369,273 shares in the Malta-based property firm, Stuhler’s stake has risen by $4.85 million since the start of the year.
The sale proceeds from Planet Koper Mall aim to fund acquisitions in the Iberian market, a key focus of growth with stronger economic resilience and tourism-driven retail demand.
This decline compounds an earlier loss of $2.18 million recorded between June 19 and July 19.
This acquisition aligns with Lighthouse’s broader goal of expanding its presence in the Iberian Peninsula, where its portfolio now accounts for 76 percent of its directly held properties’ value.
The recent $4.23-million gain further strengthens Stuhler’s reputation not only as a high-value JSE investor but also as one of South Africa’s most affluent individuals.
This $3.79-million gain further solidifies Stuhler’s position as one of the top investors on the JSE and one of the wealthiest businessmen in the country.
The recent $6.12-million gain cements Stuhler’s position not only as a high-value investor on the JSE but as one of the richest individuals in the country.
Stuhler owns a 9.72-percent stake in Lighthouse Properties, which amounts to 172,699,222 ordinary shares in the company.
Stuhler owns a 9.72-percent stake in Lighthouse Properties, or 172,699,222 ordinary shares.
With over 30 years of experience in property management and real estate investment, Stuhler’s impact on the industry is unmatched.