Fairvest Limited announces first interim results as a merged entity, with dividends equal to 100% of distributable income at 61.52 cents per A share and 21.33 cents per B share
Fairvest Limited today announced its first interim results as a merged entity, with dividends equal to 100% of distributable income at 61.52 cents per A share and 21.33 cents per B share.
Fairvest to list on A2X
Fairvest Limited has been approved for a secondary listing on A2X Markets and will be available to trade on A2X Markets from 11 May 2022. This follows the merger of Arrowhead Properties Limited and Fairvest Property Holdings, creating the largest SA-focused REIT.
Strong performance in collections and vacancies as Fairvest delivers 5% increase in Dividend amid a challenging enviroment
JSE listed REIT Fairvest Property Holdings Limited (“Fairvest”) today reported its results for the full year ended 30 June 2021.
Fairvest concludes share swap agreements with shareholders to acquire 50,1% of Arrowhead Properties' issued shares
Fairvest Property Holdings Limited (“Fairvest”) today announced that it had concluded agreements with shareholders of Arrowhead Properties Limited (“Arrowhead”) to acquire 50,1% of Arrowhead B shares through the issue of new Fairvest shares at a swap ratio of 1.85 Fairvest shares per Arrowhead B share.
Fairvest announces interest in acquiring a stake in Arrowhead Properties
Fairvest Property Holdings Limited (“Fairvest”) today announced its interest in acquiring a stake in Arrowhead Properties Limited (“Arrowhead”) via privately placed share swap transactions.
Fairvest maintains a robust performance and forecasts year-on-year distribution growth
Fairvest Property Holdings Limited (“Fairvest”) today announced results for the six months to December 2020 that portrayed strong improvements in property fundamentals and a pleasing 7.2% increase in distribution against the most recent six months to 30 June 2020, which were at the height of the COVID-19 lockdown.
Fairvest’s property portfolio proves its resilience
Fairvest Property Holdings Limited (“Fairvest”) today announced results for the year to 30 June 2020, with total distribution for the year of 21.038 cents per share, down 3.4% decrease on the prior year.
Fairvest Property Holdings disposes of Tokai Junction for R180 million
Fairvest Property Holdings Limited (“Fairvest”) today announced the finalisation of the due diligence for its disposal of Tokai Junction, a 7 618m2 retail centre in Constantia, Western Cape to FPG Holdings Proprietary Limited for R180 million.
Fairvest Property Holdings maintains above-inflation growth in challenging market
Fairvest Property Holdings Limited (“Fairvest”) today again announced solid results for the six months to December 2019, with above market distribution growth of 5.1%, net property income growth of 2.2%, 5-year lows in vacancy rates and consistently low arrears.
Fairvest to become fourth property company to list on A2X
Fairvest Property Holdings, a real estate investment trust with a market cap of R2 billion, has been approved for a secondary listing on A2X Markets.
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