Oryx Properties delivers resilient performance amid market undervaluation

By: Hertha Ekandjo

Oryx Properties Limited delivered a resilient interim performance, driven
by rental escalations, record-low vacancies, and disciplined capital
allocation.

In a recent Simonis Storms report it has been recorded that despite a decline in headline earnings due to the absence of
once-off income, distributions increased, and gearing improved to
36.1%.

“However, the market still undervalues Oryx, with the share price trading at a 47.4% discount to NAV, presenting both risks and a potential re-rating opportunity,” the report read.

Looking ahead, Simonis Storms said interest rate cuts, new property
developments, and a recovering economy at 3.8% GDP growth
expected in 2025, could serve as key catalysts for performance.