Arrowhead Properties outperform market average by 82%

Posted On Tuesday, 10 February 2015 09:57 Published by
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Arrowhead, the only JSE listed property company to pay quarterly distributions, announced its distribution for the quarter ended 31 December 2014.

 Gerald Leissner

The board has approved a cash interest distribution of 18,545 cents per A-linked unit and 18,545 cents per B-linked unit for the quarter. The combined distribution of 37,09 cents for the A and B linked units is 22,8% higher than the combined distribution of 30,2 cents for the comparative quarter ended 31 December 2013.

During 2014, Arrowhead performed very well relative to the FTSE/JSE SAPY index. The B-linked unit was rated 4th and the A-linked unit 6th in terms of a report compiled by Catalyst Fund Managers which included more than 40 property counters in the sector.

According to the report, Arrowhead's B-linked units achieved a combined growth of 49,83% for 2014 whilst the A-linked units achieved growth of 47,50%. The average growth of the SA Listed Property index was 26.64% over the same period. Arrowhead outperformed the market average by more than 82%.

Last modified on Tuesday, 10 February 2015 13:28

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