The Public Investment Corporation SOC Limited (PIC) has increased its beneficial shareholding in Texton Property Fund, growing its stake in the JSE-listed SA REIT from 5.2% to a significant 18.9%.

Growthpoint Properties today announced 5.9% growth in distributable income to R3.1bn with revenue from the group increasing 4.3% for its half-year to 31 December 2018, representing dividend growth of 4.5% per share for investors.

Fairvest Property Holdings Limited today again announced solid results for the six months to December 2018, with interim distributions increasing by 8.3% to 10.616 cents per share. 

JSE-listed Accelerate Property Fund today reported interim financial results for the six months ended 30 September 2018 in line with company guidance.

Gemgrow Properties, the specialist high yield, high growth REIT listed on the main board of the JSE, today announced its annual results for the financial year ended 30 September 2018 delivering dividend growth in line with guidance.

Investec Australia Property Fund, the only inward-listed Australian REIT on the JSE, today announced an interim distribution of 5.05 AUD cents per unit (cpu) pre-withholding tax (WHT) and 4.65 cpu post-WHT (2017: 4.95 cpu pre-WHT and 4.64 cpu post-WHT).

JSE listed REIT Octodec Investments Limited today announced its full year results which were impacted by pressure on rental income growth, the lag effect of the let-up period at recent developments, and competitive pressures. A distribution of 203.4 cents per share was declared for the period.

Cape Town, 4 September 2018. South Africa’s top performing SA REIT Fairvest Property Holdings Limited (“Fairvest”) today announced solid results for the year to 30 June 2018, with annual distributions increasing by 9.91% to 20.150 cents per share. 

Growthpoint Properties today announced distribution growth of 6.5% per share for its full year to 30 June 2018 for investors, delivering a solid set of results that match its market guidance.

Liberty Two Degrees (“L2D”), a premier retail and South African focused REIT, today released its interim results for the six months ended 30 June 2018, declaring a half-year distribution of 29.31 cents per unit.

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