Orion Real Estate property portfolio increase by 33%

Posted On Thursday, 02 October 2014 13:15 Published by
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Orion Real Estate says it is pleased with how the company had grown in the last year.

 Franz Gmeiner

Orion Real Estate (ORE) said it was pleased with how the company had grown in the last year. The company‚ which reported its results for the year ended June said diluted headline earnings per linked unit improved from 0.30c in 2013 to 0.62c in 2014.

Basic earnings per share increased from 4.86c per linked unit to 5.55c per linked unit‚ while the net asset value per share came in at 81.76c from 75.52c in the year-earlier period. The value of the property portfolio increased from R758.5m in 2013 to R783.2m in 2014‚ a growth rate of 33%.

"We will continue in the future to evaluate our property portfolio and purchase more property where we consider that it offers value and a good revenue stream‚" the company said. "No dividends were paid or declared during the financial period‚" the company said.

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