Tuesday, 25 June 2019 16:14

Equites Property Fund to list on A2X

Equites Property Fund Limited has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from 1 July 2019.

Equites Property Fund Limited today announced growth of 11.8% in its distribution per share for the year ended 28 February 2019 to 138.43 cents, along with robust growth in the NAV per share of 10.2% to R16.92.

Wednesday, 06 February 2019 13:27

Re-rating on the cards for SA REIT sector

South Africa’s real estate investment trust (SA REIT) sector is heading for a re-rating; the question is whether the sector will rally this year or next?

The SA REIT sector’s focus on improved corporate governance is expected to support positive sentiment for investment in listed property in 2019.

The SA REIT sector is set to deliver double-digit total returns to investors next year.

Equites Property Fund Limited today announced growth of 11.7% in its distribution per share for the six months ended 31 August 2018 to 68.12 cents, as well as a 49% growth in the fair value of its property portfolio over the corresponding period in August 2017, from R6.8 billion to R10.1 billion.

Equites Property Fund Limited today announced growth in distribution per share for the year ended 28 February 2018 of 12.2% to 123.86 cents, as well as a 30% growth in the fair value of its property portfolio from R6.2 billion to R8.1 billion.

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