Wednesday, 13 November 2013 12:55

Short-term risks dampen listed property sector

There was very little in the way of positive news for investors in South Africa's listed property sector for the week ended 9 November 2013 and the US jobs report of last Friday has placed the sector firmly on the back foot.

Rebosis Property Fund today announced 11.8% final distribution growth to 47,5 cents per linked unit for the year ended 31 August

Rebosis Property Fund buys Sunnypark Shopping Centre for R573m from Zenprop Property Holdings.

Rebosis Property Fund REIT status approved by JSE

Property developer Billion Group has several significant developments under way in SA.

Rebosis Property Fund today reported overwhelming support from its linked unit holders with 99.9% of votes cast approving the Fund’s proposed acquisition of and capital raising for the Nthwese property portfolio.

Investors may still be wary of exposure to government-tenanted buildings after a number of public works leasing scandals hit the headlines last year.

Rebosis remains confident it will achieve its target distribution growth of between 7.6% and 11.1% for the full year ended August.

Rebosis Property Fund today posted solid interim financial results for the six months ending 28 February 2013.

Monday, 15 April 2013 01:08

Rebosis Property Fund still looks cheap

Macquarie First South Securities property analyst Leon Allison says Rebosis’ share price performance has probably been held back by a potential overhang of stock.

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