The introduction of Real Estate Investment Trusts (REITs) in South Africa last year has already resulted in a wave of conversions of various property vehicles into this tax-efficient structure.

Most of SA's listed property funds convert to real estate investment trusts, moving them in line with global tax practice and putting them on the global map.

Growthpoint Properties Limited today reported distribution growth of 8% for the six-month interim period to 31 December 2013, outperforming original market guidance.

The JSE public consultation process on the proposed changes to its Listing Requirements to allow for creating REITs (Real Estate Investment Trusts), which takes South Africa another step closer to REITs reality, closes this Friday, 25 January 2013.

South African listed property once again ranked high among the country’s companies earning the most for shareholders. The sector featured strongly overall, with 16% of all companies performing in the top 50 over five years being listed property companies - based on share-price growth and investor returns. 

Revenue for the year increased to R134.6 million (R36.5 million) and net property income jumped to R96.6 million (R28.6 million). Operating profit was greater at R88.1 million (R26.9 million). Total comprehensive income shot up to R18.4 million (R3.2 million). Furthermore, headline earnings per linked unit were higher at 48.67 cents per linked unit (39.14 cents per linked unit).

Most international/global REIT (Real Estate Investment Trust) managers are upbeat about the prospects for this asset class over the next two years, despite the economic malaise in Europe and concerns about global economic growth. This was the overriding message to come out of the Nareit (National Association of Real Estate Investment Trusts) REITWeek Investor Forum in New York earlier this month

Monday, 23 April 2012 02:00

Largest ever real estate IPO

Billed as the largest Real Estate 'private' IPO on the JSE, Hermans & Roman Properties Limited (“HRP”) is expected to list its linked units on the securities exchange operated by the JSE Limited (the “JSE”) on 11 May 2012

Vukile has reported a 7.5% increase in its interim distribution to 54.31c per linked unit and said it plans to grow the fund more aggressively.

Tuesday, 15 November 2011 02:00

Vukile acquires R1.5bn property portfolio

Property loan stock company Vukile Property Fund says it is to acquire a portfolio of 20 properties, worth nearly R1.5bn, from Sanlam Life Insurance.

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