Fortress Income Fund more than doubles its B-share dividend to shareholders in the six months to December.

Wednesday, 17 February 2016 11:31

Nepi a shining star in listed property sector

Nepi achieves a 62% return last year, ranking it second-best in the listed property sector.

As if on cue, shares in the suitably named Resilient REIT roared, entrenching themselves in the pound seat, after the firm churned out yet another bumper set of earnings numbers.

Property group Resilient says it increases its dividend payment for the six months to end December by 25.2% to 232.46c per share.

Resilient REIT, formerly Resilient Property Income Fund expects that dividend per share will increase between 24% and 26% for the six months ended 31 December 2015.

Until recently, Growthpoint Properties and Redefine Properties were the largest listed South African real estate groups, leaving institutional investors with limited choice.

The weeks-long relentless heat wave hitting South Africa provides a direct contrast to what is happening to the rand: a tsunami.

The biggest merger in the history of the South African listed property sector is going ahead, with Fortress Income Fund finalising the acquisition of Capital Property Fund.

South African listed property once again ranked high among the country’s top companies earning the most for shareholders.

While SA's listed property index is set to come under pressure during the rest of the year‚ certain companies are standing out as top performers.

Page 2 of 11

Most Popular

Equites Property Fund’ prime logistics portfolio delivers exceptional returns

May 04, 2022
Andrea Taverna-Turisan
Equites Property Fund Limited today announced growth in its distribution per share of…

When is eviction legal? All you need to know about dealing with problem tenants

May 04, 2022
Evictions
Buying an investment property is great, especially when you’ve chosen a good location.…

Deadline looms for energy performance compliance for commercial buildings

Apr 25, 2022
Energy certiticate
By 7 December 2022, commercial properties in specified sectors must have obtained their…

First quarter Rode’s Report raises doubts over the Sectional Titles Schemes Management Act

Apr 25, 2022
Default Image
The latest issue of the Rode’s Report has brought into question the practicality of the…

Retail Property has shown good signs of recovery as lockdowns have receded

Apr 25, 2022
Property Insights - Retail Property has shown good signs of recovery as lockdowns have…

Please publish modules in offcanvas position.