Wednesday, 09 November 2016 16:05

Dipula Income Fund delivers top end distributions

JSE diversified REIT, Dipula Income Fund, continued its distribution growth trend despite the challenging property market, with an 8% increase year-on-year to 185,97 cents a share for the year to August 2016 off the back of mainly organic growth.

JSE diversified REIT, Dipula Income Fund, continued to weather the tough economy to post growth of 13% in distributable earnings and 7,1% in distributions per combined share for the six months to February 2016.

The SA REIT Conference is again proving to be the gathering place for the sharpest minds in property, finance and investment, and an exciting platform for debate and interaction.

While many South Africans are likely to be buying more basic goods this festive season, luxury goods targeted at high-end consumers are also set to enjoy strong sales.

Attracting over one million shoppers each month this year, Eyethu Orange Farm Mall has built a strong, successful trading record since it opened a year ago, on 28 October 2014.

Dipula Income Fund reported an increase of 33% in distributable earnings for its financial year to 31 August 2015, during a period of remarkable growth.

Gillwell Taxi Rank Park opens on Thursday, 12 November, and is set to be an excellent asset for its shoppers, retailers, owners and community.

Dipula Income Fund, acquirers of the R316 million Gillwell Taxi Retail Park development in the East London CBD, situated in the Buffalo City Metropolitan Municipality of the Eastern Cape Province, have confirmed construction is progressing on the new centre.

Dipula Income Fund today reported its half-year results reflecting a 33.2% growth in distributable earnings during the six-month interim period to 28 February 2015.

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