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
Rate this item
(0 votes)

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

Most Popular

City of Joburg Housing Development wins UN award

Sep 17, 2019
The City of Johannesburg’s Housing department has won a Sustainable Cities and Human…

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Mixed-use is the key to funding hotel development in Africa

Sep 17, 2019
JLL’s research into global property transactions reveals that in the first half of 2019,…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.