Loan stock company Hospitality Property Fund yesterday reported a disappointing set of results for the year ended June, blaming an embattled hotel market, which is reeling from a weak economy

Property loan stock company Dipula Income Fund plans to make acquisitions of R1.5bn-R2bn in the next few years as it grows it portfolio with the aim of attracting new capital.

Emira Property Fund, a listed property unit trust, has posted a 5% rise in distributions to 113.52c for the year ended June.

Capital Property Fund says its merger with Pangbourne has allowed it to focus on new developments to grow and rejuvenate its portfolio.

Redefine Properties is investing more than R680m in development projects as it enhances its portfolio and disposes of stock that no longer fits its portfolio profile.

Vunani Property Investment Fund has announced plans to list on the JSE’s main board next month via a private placement of units.

South African listed property outperformed the JSE all-share index in June, for the fourth consecutive month, according to the Property Loan Stock Association.

Despite tough trading conditions, retail-focused Hyprop Investments beat market expectations by declaring a distribution of 357c per unit for the year to December, an 8% increase on the prior year.

Although the listed property sector has performed exceptionally well this year, beating the JSE all share index on returns, expectations for next year are slightly muted given the lag between a turnaround in the economy and the sector.

Growthpoint Properties has led the pack in producing solid results and returns to investors in the latest reporting season in October and November.