As if on cue, shares in the suitably named Resilient REIT roared, entrenching themselves in the pound seat, after the firm churned out yet another bumper set of earnings numbers.

Diversified property group Capital Property Fund report double-digit growth in distributions for the year to December

Capital Property Fund's strategy to increase its exposure to rand hedge sister companies New Europe Property Investments and Rockcastle Global Real Estate Company continues to pay off.

Capital Property Fund share price closed almost 1% higher at R10.42 on Wednesday after the fund reported growth in distributions for the six months ended June at the upper end of its initial forecast, and also revised its full-year guidance upwards.

JSE-listed Capital Property Fund foresaw an opportunity when it acquired Clairwood Racecourse to convert it into a warehousing and logistics park, according to Galetti Commercial and Industrial, the brokerage firm that negotiated the transaction.

Resilient Property Income Fund and its wholly-owned subsidiary Property Fund Managers have agreed terms of a transaction that would internalise the management of Capital Property Fund — a property unit trust managed by Property Fund Managers, the companies said on Friday.

Latest results from Capital Property Fund, the JSE’s fourth-largest real estate counter, with a market cap of R17bn, underscore the extent to which cashstrapped SA businesses are cutting back on expansion plans.

Property unit trust Capital Property Fund reported on Wednesday a 6.32% increase in total distributions to 69.78c per unit for the year ended December 31.

Thursday, 01 December 2011 02:00

Capital bond issue a success

Despite volatile market investors still keen, oversubscribed issue shows the market has an appetite for credit where property assets are high quality

Wednesday, 03 August 2011 02:00

Capital to focus on new developments

Capital Property Fund says its merger with Pangbourne has allowed it to focus on new developments to grow and rejuvenate its portfolio.

Page 1 of 2

Most Popular

November non-residential building statistics release could point to weakening in commercial space building activity in 2022.

Jan 24, 2022
John_LoosFNB
The StatsSA November 2021 release of non-residential building plans pointed to early…

Vantage Capital arranges R430 million of mezzanine funding for Collins Residential, one of South Africa’s largest residential developers

Jan 24, 2022
Murray-Collins-1024x684
Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine fund manager,…

SARB to hike the repo rate at the next MPC meeting

Jan 24, 2022
Lesetja_Kganyago (1)
The SARB’s Monetary Policy Committee is set to increase the repo rate this week,…

November 2021 Hotel Accommodation Statistics

Jan 24, 2022
John_LoosFNB
November hotel revenues - strong year-on-year growth off a low 2020 base, but still far…

Banks’ appetite for home loans to remain robust in 2022

Jan 20, 2022
Rhys_Dyer_Ooba (1)
According to statistics from ooba, South Africa’s foremost home loan comparison service,…

Please publish modules in offcanvas position.