Resilient Property Income Fund lifts H1 dividend 25.2%

Posted On Monday, 01 February 2016 13:43 Published by
Rate this item
(0 votes)

Property group Resilient says it increases its dividend payment for the six months to end December by 25.2% to 232.46c per share.

Desmond_De_Beer

Resilient increased its dividend payment for the six months to end December by 25.2% to 232.46c per share‚ the group announced on Wednesday.

Of this growth‚ 7% was attributable to the effect of capital raisings‚ particularly the rights issue of June 2015‚ which reduced the cost of funding. A further 8% was due to dividends from Fortress B which were ahead of budget‚ and New Europe Property Investments and Rockcastle‚ which benefited from rand depreciation.

Despite the challenging economic environment‚ Resilient’s portfolio of retail properties continued to perform well. Retail sales growth at Resilient malls were ahead of national retail sales growth‚ the group said.

Retail sales growth of 9.1% was achieved compared with the six months ended December 2014.

Last modified on Thursday, 04 February 2016 15:06

Most Popular

Deeds Office reopening good news for sellers and buyers of property, as well as the property industry

May 01, 2020
Andrew Golding Golding Property Group
Deeds Office reopening good news for sellers and buyers of property, as well as the…

Wide-spread implications for South Africa’s real estate market following COVID-19

May 05, 2020
JLL_Logo
JLL, one of the world’s leading real estate investment and advisory firms, today released…

Deeds office reopen their doors to the public

May 09, 2020
Carlize Knoesen
The Department Agriculture, Land Reform and Rural Development has announced the reopening…

Relooking green buildings in the future of the covid-19 pandemic

May 01, 2020
Brett Chrystal
The Covid-19 lockdown has offered us an unexpected opportunity to reflect on our…

SA REIT appoints Joanne Solomon as its first CEO

May 05, 2020
Joanne Solomon new CEO SA REIT Association
With her wealth of financial and property sector experience, Joanne Solomon has been…

Please publish modules in offcanvas position.