ADRENNA Property Group’s headline earnings per share more than doubled to 5.9c in the year to February from 2.7c in the previous corresponding period, due to stringent controls and emphasis on tenancy levels, financial director Hartmann Beukes said on Friday.

The 38 000m² retail development by Zenprop Property Holdings generated in excess of R818 million of retail turnover for the first 12 months of trade. 

Dipula Income Fund boosted its distributable earnings by 44,1% year on year for the six-month interim period ended 28 February 2013 and has significantly progressed with its portfolio growth strategy.

Vukile Property Fund today reported a 26.7% increase in the profit available for distribution for the full year to 31 March 2013 to R556.4 million

Property portfolio value increased to R4.2 billion, doubling in the year under review (FY12 R2.1 billion) 

South Africa’s listed property sector advanced 0.5% during the week ending 10 May 2013, as bond yields drifted higher and the Rand weakened against the US dollar. 

Shares in Resilient gain 2.8% to R60.50 after it said it expected its distribution per linked unit for the six months ended June to rise 12%.

Delta Property Fund, a black-managed and substantially black-owned property fund with significant exposure to government tenanted offices, today reported its maiden annual results for the year ended 28 February 2012.