LISTED property loan stock giant ApexHi Properties yesterday declared a quarterly distribution of 25,5c for each of its A-units and 27,25c for each of its B-units for the three months to March 31.

Property Unit Trusts (PUTs) returned 39.1 percent over 2003, outstripping the performance of the JSE Security Exchange's All Share index (Alsi), long bonds and direct property investments, John Rainier, the chairperson of the Association of Property Unit Trusts, says.

 

Pretoria - ApexHi Properties, a property loan stock company, would relocate soon to Corpcapital's old business in Rosebank, said Brian Azizollahoff, the chief executive of Redefine.

Thursday, 25 March 2004 10:00

View of prosperity for listed property

 

WITH most listed property unit trusts and property loan stock firm s trading at a premium to net asset value, listed propert ies are now more expensive than direct property investments, says listed asset management firm Provest.

 

Over the past three years the South African listed property sector has grown in market capitalisation from R8.7 billion to almost R25 billion.

Tuesday, 16 March 2004 02:00

Shops For Africa sold to ApexHi

 

Pretoria - Unit holders in Shops For Africa, the listed property loan stock company, have approved the sale of the company's entire property portfolio to listed property company ApexHi for R415.3 million.

Wednesday, 10 March 2004 02:00

Bond yields, equities lift listed property

 

THE listed property sector recorded a positive performance last month with "little guidance" from the general equities market, bond yields and the recent Reserve Bank monetary policy committee meeting where no further interest rate cut was announced, say investment analysts at Catalyst Securities.

Friday, 05 March 2004 02:00

Loan stockcompany improves its standing

 

March 5, 2004 Growthpoint Properties Limited, South Africa's largest listed property loan stock company, announced an interim distribution of 33.5 cents per linked unit for its six-month period ended December 31.

Wednesday, 03 March 2004 02:00

Retail boost for listed stocks

HIGHER retail rentals and low interest rates have helped some listed property companies to turn in profits well ahead of forecasts.

 

Growthpoint Properties Limited, South Africa's largest listed property loan stock company, announced an interim distribution of 33,5 cents per linked unit for its six-month period ended 31 December 2003 representing a 4.7% increase in distribution over the comparable six-month period in 2002.

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