Octodec shows resilience amid economic challenges with strategies in motion to drive robust growth.

Octodec shows resilience amid economic challenges with strategies in motion to drive robust growth

JSE listed REIT Octodec Investments Limited, today announced its full year results, declaring a stable distribution of 200.9 cents per share, in line with guidance, and representing a marginal 1.2% decrease on the prior year against the prevailing poor economic and consumer environments.

Octodec Investments today announced its interim results for the six months ended 28 February 2014.

Warren Buffett said that if a business does well, the stock eventually follows. For JSE-listed companies Octodec Investments Limited and Premium Properties the stock is still looking good and that’s despite the news that founder Alec Wapnick stepped down last week

Killarney Mall owner Octodec has posted a small drop in distributions to 65c for the six months to February, from 65.1c in the first half of last year.

Notwithstanding the challenging trading conditions which have dominated the markets during its financial year, JSE-listed property loan stock company Octodec Investments Limited has once again achieved excellent growth in distributions to linked unitholders

Listed property loan stock company Octodec Investments reported that its distributions for the year to August had surged 19,7%

Nedbank Corporate Property Finance has provided R190 million funding for the revitalisation of the Hatfield metropolitan node

Octodec and Premium have over the past few years consistently managed to outperform other listed property loan stocks (PLSs) and property unit trusts (PUTs)