Construction industry will survive turbulent times
Reports of the demise of the construction industry in South Africa are greatly exaggerated, says construction giant Grinaker-LTA.
Oversubscribed STOR-AGE bookbuild raises R250 million
JSE REIT Stor-Age, South Africa’s leading and largest self storage property fund, yesterday closed an accelerated bookbuild.
Investec Property Fund delivers a solid performance in a challenging environment
Investec Property Fund Limited (IPF or the Fund) is pleased to announce H2 2020 earnings available for distributionof 75.7cps (H2 2019: 73.5cps) representing 3.0% year-on-year growth.
Dipula drops vacancies by almost 30% and concludes R370m new leases for 29 Feb 2020 interim results
South-African focused JSE-listed diversified REIT, Dipula Income Fund, today announced results for the six months ended 29 February 2020. The Group’s performance was achieved against a backdrop of extremely weak trading conditions globally and in South Africa (“SA”).
Strong demand bolsters Balwin's revenue despite economic headwinds (results for the year ended 29 Feb 2020)
JSE listed Balwin Properties, a developer that cares about environmentally responsible building practices and the delivery of high-quality apartments to its valued clients, reported continued strong demand for its unique lifestyle apartments despite increased economic headwinds.
Spear REIT posts 6.06% earnings growth amidst tough trading environment
Spear REIT Limited (SEA:SJ), the only regionally specialised Real Estate Investment Trust (REIT) listed on the JSE, reported its annual financial results today, posting 6.06% earnings growth amidst some of the toughest trading environments in recent years for the South African listed real estate sector.
Redefine achieves impressive tenant retention of 96% in the face of ongoing COVID-19 uncertainty
With the COVID-19 virus and related uncertainty continuing to weigh on businesses, Redefine Properties (JSE: RDF) has announced a 32% fall in its distributable income per share for the six months ended 29 February 2020 to 33.46 cents from 49.19 cents in the prior comparable period.
The Corona Crisis exerts additional pressure on an already-correcting property market
A slowing capital growth trend, into negative territory by 2019, has been in play in recent years. The Corona Crisis is likely to add momentum to this correcting trend in 2020.
Passing of Marc Wainer, a non-executive director of EPP
It is with great sadness and regret that EPP announces the passing of Marc Wainer on 20 April 2020.
Octodec delivers satisfactory first half performance in recessionary environment; prepares for COVID-19 impacts on full year performance
JSE listed REIT Octodec Investments Limited, today announced a satisfactory set of results for the half year to 29 February 2020, against a rapidly degrading economic environment which translated into a slight reduction in distributable earnings to 97 cents per share.
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Investec Property Fund delivers a solid performance in a challenging environment
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