Equites Property Fund Limited announced results for the 2024 financial year, highlighting DPS of 131.12 cents, at a 100% pay-out ratio, in line with market guidance.
Specialist logistics property fund, Equites, which develops and owns a high-quality portfolio of logistics properties in key locations in South Africa and the United Kingdom, raised R1.25 billion in the South African debt capital market today in a public auction of 1-year, 3-year, and 5-year senior unsecured floating rate notes.
Hyprop Investments Limited (Hyprop) will list its shares for trade on A2X Markets from 7 December 2022.
The JSE listed specialist logistics property fund, Equites, today officially announced that it has concluded a transaction in terms of Statement 102 of the Codes of Good Practice on Broad-Based Black Economic Empowerment (“B-BBEE”) with Mabel Black Knight Investments 1 Proprietary Limited (“Mabel”).
Equites Property Fund Limited today announced growth in its distribution per share of 5.2% to 162.99 cents.
The JSE listed specialist logistics property fund, Equites, today officially announced that it has sold two high-quality UK distribution warehouses to real estate funds managed by Blackstone for £43,400,000, being a 4.79% net exit yield and 6% premium to Equites’ book value.
Equites Property Fund Limited (Equites) today announced distributable earnings for the six months to 31 August 2020 of 74.44 cents per share, consistent with the distribution of 74.43 cents per share in the prior year.
Equites Property Fund Limited today announced a 9.4% increase in distributable earnings per share and dividends per share.
Equites Property Fund Limited (“Equites”) has concluded heads of agreement with Africa’s largest fast-moving consumer goods retail operation, Shoprite Holdings Limited (“Shoprite”), to establish a strategic joint venture which will facilitate the unlocking of significant value for both parties.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.