Emira Property Fund Limited today announced 8.8% growth in distributions per share for its half-year to December 2015, continuing its track record of delivering on its market guidance with another strong set of results for investors.
The SA REIT (Real Estate Investment Trust) sector has published Best Practice Recommendations that will make financial reporting of South African REITs clearer and more comparable.
More South African-listed property funds are looking to Australia for offshore expansion because of its better finance costto-yield spread.
Consolidation in the listed property sector is being stalled by volatile markets, with investors reluctant to sell their stock at existing prices.
Listed property returned 7.99% to its investors, outstripping cash’s 6.46%, equities 5.13% and bonds’ -3.93%, according to figures from Catalyst Fund Managers.
Actis, a leading emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group today confirm the sale of Ikeja City Mall to South African Real Estate Investment Trust (REIT), Hyprop Investments Limited (Hyprop) and Attacq Limited (Attacq), a JSE-listed real estate capital growth fund.
South African Real Estate Investment Trusts (SA REITs) are increasing their representation in the JSE/Actuaries All Share Top 40 Companies (ALSI 40) Index, growing their representation among South Africa’s largest listed companies.
Emira Property Fund has been included among the top performing companies on the Johannesburg Stock Exchange for the seventh consecutive year.
South African listed property once again ranked high among the country’s top companies earning the most for shareholders.

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