Prima Property Trust is on target

Posted On Friday, 13 February 2004 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

Prima Property Trust announced today its interim distribution of 2,1cents per unit for the two-month period from 1 November 2003 to 31 December 2003.

Property-Housing-Residential"We are confident that with net distributable income of R13,8 million and our new portfolio of properties, Prima is on track to meet our forecast eight-month distribution to June 2004 of 8,6 cents per unit," said Prima Property Trust Chief Executive Officer Steven Jersky.

The payments to unit holders of the two-month distribution will take place on Monday, 8 March 2004.

In addition, subject to the approval of the necessary regulatory authorities, Prima Property Trust intends to alter its year-end from 30 June to 30 April, with effect from 30 April 2004.

In terms of its strategy Prima will continue to acquire properties that will further enhance the value of the portfolio and earnings.

For further information please contact:

Prima Property Trust

Steven Jersky

+27 11 283 0000


Marketing Concepts

Sandy Davey

+27 11 880 2213

Last modified on Saturday, 10 May 2014 14:27

Most Popular

Residential property market gathering momentum, says Eazi Real Estate

Nov 18, 2020
In this last quarter concluding in December 2020, the residential property market…

Lockdown impacts buying trends of generations of home buyers

Nov 15, 2020
The Covid-19 pandemic and lockdown has been a catalyst for highlighting the different…

Second-hand shopping is being revolutionised and expanding the circular economy

Nov 18, 2020
EPP CEO_Tomasz Trzoslo
Conscious consumers are championing the resale of goods to reduce waste and extend the…

Pam Golding Properties awarded Best Real Estate Agency in South Africa in International Property Awards

Nov 18, 2020
IPA Awards Pam Golding Properties 2020 - 2021
Competing against real estate companies from around the country, this is the 14th year…

SA commercial real estate delivers in excess of 12% yield on equity

Nov 18, 2020
Steven_Brown (1)
A silver lining amongst the many dark clouds dominating South Africa’s current economy…

Please publish modules in offcanvas position.