JSE-listed Fairvest Property Holdings today reported results for the six months to 31 December 2013, achieving a distribution of 6.75 cents per linked unit.
Dipula Income Fund has recently acquired and taken transfer of four properties for a combined R265,6 million, comprising three retail centres and an office block.
Capital Property Fund's distribution increased by 8,37% to 75,62 cents per unit for the year ended 31 December 2013.
Emira Property Fund has furthered its earnings-boosting participatory interest (PI) repurchase programme and optimised its cost of borrowings by taking advantage of low interest rates currently available in the money markets.
Redefine Properties today reported distribution growth of 7.3% to investors for the year ended 31 August 2013, outperforming expectations. Redefine’s net asset value increased by 8.6%.
JSE listed REIT Ascension Properties Limited today announced its acquisition of Surrey House in Johannesburg.
Vividend declares a distribution of 50c per linked unit for the year ended August 31 2013 which is above forecast expectations.
Octodec Investments delivered strong growth in distributions of 14,8% for the year representing an income yield of 8,3% with a total return of 11,7%.
High volatility in SA's listed property sector over the past year has largely been blamed on rising bond yields, which conventional wisdom says is bad for property returns.
Fountainhead Property Trust declared a distribution for the 11 months to 31 August 2013 in line with market guidance and 2% down on its distribution for the comparable 11 months in 2012.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.