Emira Property Fund had an active six months bringing 14 projects totalling R330m to fruition. These investments are expected to significantly improve the quality of the portfolio and the sustainability of its rental income over the longer term
For the second year in succession Emira Property Fund has performed exceptionally well in international research house, Investment Property Databank (IPD’s), annual survey into listed property funds in South Africa
Listed property unit trust Emira Property Fund on Friday reported double-digit distribution growth for the six months to December in line with the rest of the listed property sector.
Reinforcing its strong growth trend JSE-listed Freestone Property Holdings posted a 22% increase in its distribution for the interim period to December 2006. The distribution growth yielded a total return for the interim period of 38%, exceeding the 30% total return of the SA Listed Property Index.
The market can expect to see even more consolidation in the South African listed property sector this year, with bigger players acquiring smaller companies and friendly mergers between others.
Listed property loan stock company Freestone Property Holdings is introducing a commercial mortgage-backed securitisation programme to slash debt funding costs and take advantage of the more competitive interest margins in the capital markets.
Listed property loan stock company Freestone Property Holdings, formerly Arnold Property Fund (A-Prop), can definitely be called the "comeback kid" of the listed property sector.
Property loan stock company Freestone Property Holdings, formerly Arnold Property Fund (A-Prop), made a strong come-back yesterday, posting positive interim results and slashing its borrowings 23%.
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