Texton Property Fund Limited is a JSE-listed real estate investment trust (REIT) that offers shareholders access to global direct and indirect real estate investments, which aim to deliver sustainable, risk-adjusted returns. Our direct property portfolio is valued at R1,9 billion as of 30 June 2025 (2024: R2,1 billion) and our international indirect property investment portfolio amounts to R415,4 million (2024: R443,1 million). The direct property portfolio includes commercial and retail properties. Texton is focused on robust and disciplined capital allocation. We are strategically reinvesting heavily into our direct property investments which are in centralized nodes in both South Africa and the United Kingdom and deploying capital into high-quality property investments in developed markets with best-in-class asset managers. Texton Property Fund Limited was incorporated in 2009.