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South African businessman Desmond de Beer (Des de Beer) is set to receive €4.45 million ($5.19 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 its 2025 fiscal year. The dividend, set at €0.0131 ($0.012) per share, will be paid on Sept. 11 and marks a 7.9 percent increase from the past year.
De Beer, CEO of Resilient REIT Ltd., owns 16.77 percent of Lighthouse — over 340 million shares — via his investment vehicle, Delsa Investments, through the Grove Trust. His portion of the dividend will come from Lighthouse’s half-year retained earnings of €230.76 million ($269.4 million). The board approved the payout as part of the company’s policy to provide consistent cash returns to shareholders.
Lighthouse nearly doubles H1 profit on Iberian strength
For the six months ended June 30, Lighthouse posted an operating profit of €42.26 million ($49.32 million), driven by its Iberian portfolio. Net profit nearly doubled, rising 94.3 percent from €14.71 million ($17.18 million) in H1 2024 to €28.58 million ($33.35 million) in 2025. The company delivered this growth despite higher interest costs from refinancing Forum Coimbra borrowings in December 2024.
Distributable earnings per share rose 7.9 percent to €0.013 ($0.012), while net asset value per share remained steady at €0.426 ($0.502). Operating efficiency improved, with property costs at 35.5 percent of income and administration at 6.3 percent.
Strategic leadership and Lighthouse expansion
Lighthouse Properties, based in Sliema, Malta, has grown into a global investment company under Barry Stuhler’s leadership. Formerly Lighthouse Capital Limited, it rebranded in December 2021 to highlight its focus on direct property assets and listed real estate and infrastructure securities.
The company holds retail properties in France, Portugal, Slovenia, Spain, and the U.K., and remains listed on the Johannesburg Stock Exchange (JSE). De Beer owns 16.77 percent of Lighthouse Properties and brings extensive experience in South African real estate, including leadership roles at Resilient REIT Ltd. and board positions at other major firms.
Through disciplined financial management and a focus on steady shareholder returns, Lighthouse Properties has maintained resilience amid market challenges. Its interim dividend reflects the company’s adaptability and commitment to long-term growth despite economic uncertainty.
