Resilient Property Income Fund H1 distribution up 12.83% to 136.23c

Posted On Tuesday, 06 August 2013 21:16 Published by eProp Commercial Property News
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Resilient Property Income Fund declares a distribution of 136.23c per linked unit in the six months to June.

Des de Beer Resilient

Resilient Property Income Fund (RES) on Tuesday declared a distribution of 136.23c per linked unit in the six months to June‚ up 12.83% from 120.74c in the comparative period a year ago.

“Notwithstanding indirect exposure to platinum mining in the North West‚ Resilient’s property portfolio performed ahead of budget‚” the company said.

“Resilient benefited from the strong performance of its listed holdings‚ particularly the offshore holdings where dividends benefited from the decline of the rand exchange rate.

Vacancies increased from 1.7% in December 2012 to 1.8% as at June 2013.

The largest vacancy was at Tubatse Crossing which was 6.6% vacant at June 2013.

Last modified on Thursday, 17 April 2014 12:15

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