Resilient Property Income Fund announced on Thursday that for the six months ended June 30 2010, its diluted headline earnings per linked unit increased to 117.28 cents from 100.49 cents a year ago.

Resilient Property Income Fund has declared a distribution of 194.13 cents per linked unit for the financial year ended 31 December 2009 which is a 14.21% increase on the 169.98 cents distribution for the 2008 financial year.

Resilient Property Income Fund is disposing of its non core assets to a newly-listed property fund for more than R665m, in order to focus on larger and dominant regional malls.

Resilient Property Income Fund yesterday posted a 15,12% increase in distributions per linked unit to 91,51c for the six months to June thanks largely to its dominance of retail centres, which resulted in a high percentage of national retailers insulated from the effect of the economic downturn.

Strategy of investing in well-located industrial and commercial properties with strong tenant covenants has paid dividends.

Resilient Property Income Fund expects that the distribution per linked unit for the six months ended June 30 to be between 14.5% and 15.5%.

JSE-listed, Emira Property Fund, has become the latest of four well-established South African listed property funds to the join the Global Property Research 250 Index (GPR 250).

Listed property has shone amongst South Africa’s top 100 companies, based on share-price performance

Although investors climbed back into listed property in a big way last month - the index gained around 14% in July - industry players aren't expecting the sector to continue to deliver the same super returns seen over the past three years

New Europe Property Investments (NEPI), which focuses on eastern Europe, will be taking a secondary listing on the JSE’s AltX next month