Listed property fund SA Corporate Real Estate’s year to December results have not been well-received by some analysts because the company’s distribution per unit fell below its forecast.
SA Corporate Real Estate Fund, one of the country’s largest listed property funds, declared an interim distribution of 14,5 cents a unit, which was in line with expectations of management
SA Corporate Real Estate Fund which was reshaped in 2007 into the country’s third largest listed property fund through acquisitions of R4,7 billion, has beaten its distribution forecast for the year
The latest interest rate hike has prompted potential investors to take a further closer look at debt levels among South African listed real estate companies, says Craig Ewin, head of listed real estate at Old Mutual Investment Group Property Investments
The South African listed real estate sector is likely to see foreign investment increase from the current low 3%, says Craig Ewin, CEO of SA Corporate Real Estate Fund, the country’s third largest listed real estate fund
SA Corporate Real Estate Fund, managed by Old Mutual Investment Group Property Investments (OMIGPI), has renegotiated its debt and reduced its effective cost of funding by over 40 basis points
The plunge in the prices of listed property in the UK and Europe since the beginning of the year offers opportunities for South African listed property companies looking for offshore investments
The Competition Tribunal had approved SA Corporate Real Estate Fund's R965 million acquisition of the Buffcol portfolio of 40 mainly industrial properties
The latest round of results from listed property funds confirm that the sector has more than delivered on its earnings growth promises
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