Equites Property Fund Limited announced results for the 2024 financial year, highlighting DPS of 131.12 cents, at a 100% pay-out ratio, in line with market guidance.

Specialist logistics property fund, Equites, which develops and owns a high-quality portfolio of logistics properties in key locations in South Africa and the United Kingdom, raised R1.25 billion in the South African debt capital market today in a public auction of 1-year, 3-year, and 5-year senior unsecured floating rate notes.

The JSE listed specialist logistics property fund, Equites, today officially announced that it has sold two high-quality UK distribution warehouses to real estate funds managed by Blackstone for £43,400,000, being a 4.79% net exit yield and 6% premium to Equites’ book value. 

Equites Property Fund Limited (Equites) today announced distributable earnings for the six months to 31 August 2020 of 74.44 cents per share, consistent with the distribution of 74.43 cents per share in the prior year.

Encouraging financial results revealed by 4AX listed company Heartwood Properties Cape Town, 18 June 2020.

With the COVID-19 virus and related uncertainty continuing to weigh on businesses, Redefine Properties (JSE: RDF) has announced a 32% fall in its distributable income per share for the six months ended 29 February 2020 to 33.46 cents from 49.19 cents in the prior comparable period.

Equites Property Fund Limited today announced a 9.4% increase in distributable earnings per share and dividends per share.

Tradehold, through its UK subsidiary Moorgarth Group, has obtained council approval for the development of four residential tower blocks above its Broad Street Mall shopping centre in Reading near London Heathrow. 

As per the Cautionary Announcement issued today, Investec Property Fund (IPF) is finalising the acquisition of the remaining interest in the Pan European Logistics (PEL) platform from funds managed by the Real Estate Group of Ares Management Corporation (Ares) or its affiliates.

RDI, the income focused UK Real Estate Investment Trust (“UK-REIT”), is pleased to announce positive letting activity and continued progress on its strategic disposal programme.

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