South African REITs (real estate investment trusts) once again ranked high among the country’s top companies earning the most for shareholders.
Oasis Crescent Property Fund expects between 17% and 27% growth in distribution per unit for the interim 30 September 2015, when compared against the previously reported corresponding period.
Oasis Crescent Property Fund's interim distribution per unit increases by 13.8% to 50.2c in the six months ended September 2014 from 44.1c in the year-earlier period.
Oasis Crescent Property Fund rises 1.47% to R13.80 after saying it has reduced its vacancy level from 15.9% at the end of March last year to 3.2%.
SHARIA-compliant Oasis Crescent Property Fund has entered into a lease agreement with McDonald’s South Africa for a new-build McDonald’s restaurant, McCafe and Drive-Thru to be constructed in KwaZulu-Natal.
Oasis Crescent Property Fund reported on Thursday that its distribution per unit for the six months ended September 30 reduced to 49.5 cents from 50.8 cents a year earlier.
Financial services group Oasis is to list a sharia-compliant property fund on AltX aimed at 'socially responsible' investors
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