Oasis Crescent Property Fund anticipates distribution growth of 12% and 22%

Posted On Monday, 04 May 2015 07:55 Published by
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Oasis Crescent Property Fund anticipates distribution growth of between 12% and 22%

 

Adam Ismail Ebrahim

JSE listed REIT, Oasis Crescent Property Fund, anticipates that distribution per unit for the financial year ended 31 March 2015 will increase by between 12% and 22% when compared to the previously reported corresponding period.

The increase in distribution per unit from 85.1 cents to between 95,3 cents and 103,8 cents is mainly as a result of increases in rental income received and the weaker Rand, which positively impacted on dividends from foreign investments.

The financial information on which this trading statement is based, has not been reviewed or reported on by Oasis’s auditors. The fund expects to release financial results for the financial year ended 31 March 2015 on or about 4 May 2015.

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