Well-established property counters have posted strong annual results over the past few weeks.
Listed property share prices rally about 5% over the past two weeks, on better than expected results reported by real estate counters this month.
Resilient Property Income Fund’s strategy to be the leader in African continental property management is set to gain momentum.
Property group Resilient Property Income Fund increased its dividend for the year ended June by 20.94%.
Resilient Property Income Fund seeks to raise R1bn through the rights offer to finance its pipeline of acquisitions and 'strategic opportunities'.
These rand hedge property counters‚ which receive 100% of their earnings in either US dollars‚ British pounds‚ euro or Australian dollars‚ were some of the JSE's biggest money-spinners over the past year.
Resilient increases its distribution by 18.3% to 159.59c per linked unit for the interim period ended December 2013.
New Europe Property Investments declares a distribution of 26.79 euro cents per share in 2013, an improvement of 15% over 23.29 euro cents in 2012.
Resilient Property Income Fund anticipates 17% to 19% growth in distribution for the 6 months ended 31 December 2013.
Three years ago only a handful of formal shopping centres were scattered across Africa, now developers are starting to flow into new retail-focused projects.
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