Synergy Income Fund today reported a strong set of results for its financial year ended on 30 June 2013, delivering on its forecast distribution growth to unitholders.

Property income fund Ascension Properties Limited today reported an excellent set of results for the year ended 30 June 2013.  

The local property index is on track to being the second-worst performer on the JSE today.

Fortress Income Fund reports that its total distributions for the year ended 30 June 2013 increased by 11.72% to 140‚70c.

Other listed property companies are expected to follow sector heavyweight Growthpoint Properties’ lead in converting its historically complicated capital structure to one of ordinary shares.

Growthpoint Properties has become the first SA REIT to introduce a new capital structure, converting from complex linked units to the straightforward ordinary share structure.

Dipula Income Fund today announced that its acquisition drive has improved its rental income streams, with 14 properties valued at some R1,4 billion transferring into its portfolio in the past 14 months.

Acucap Properties Reit Status application approved

JSE approves Fountainhead's application for Real Estate Investment Trust ("REIT") status

THE South African listed property sector continues to grow in leaps and bounds, with four new property companies expected to list on the JSE before the end of this year.