2025 Half Year Results
2025 Half Year Results
The Group’s Net Property Income (NPI) was US$2,223,985, while revenue totalled US$4,468,294 (HY 2024: US$4,342,779). Rental income remains the main source of revenue. An improvement in pure US dollar rentals, timely rental reviews and relatively good occupancy of 85% underpinned the revenue growth achieved during the review period. Further, the rental collection rate was 73% compared with 56% in the corresponding period last year.
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Why invest in First Mutual Properties limited?
A Trusted Real Estate Partner for Sustainable, Long-Term Value
First Mutual Properties Limited is a listed real estate investment company offering investors access to a resilient and diversified property portfolio across Zimbabwe’s key urban centres. With a strategic focus on high-growth sectors such as suburban office parks, retail centres, and student accommodation, FMP continues to deliver strong operational performance and sustainable earnings. Our approach combines disciplined asset management, ESG integration, and digital innovation to create enduring value for shareholders. Backed by a highly experienced leadership team and robust governance structures, FMP is positioned to thrive in a transforming property market.
Performance Highlights
2025 Half Year Results
The Group’s Net Property Income (NPI) was US$2,223,985, while revenue totalled US$4,468,294 (HY 2024: US$4,342,779). Rental income remains the main source of revenue. An improvement in pure US dollar rentals, timely rental reviews and relatively good occupancy of 85% underpinned the revenue growth achieved during the review period. Further, the rental collection rate was 73% compared with 56% in the corresponding period last year.
Revenue (US$)
4.47 million
HY2024: 4.34 million
3%
Net Property Income (US$)
2.22 million
HY2024: -53.17 million
104%
Total Assets (US$)
138.17 million
HY2024: 136.95 million
1%


