Ambit Properties interim earnings up

Posted On Thursday, 07 May 2009 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

Ambit Properties reported that its headline earnings per linked unit for the six months ended March were up by 20.19c, up from the 13.11c reported the for the previous period.






JSE-listed Ambit Properties reported on Thursday that its weighted headline earnings per linked unit for the six months ended March 31 2009 were 20.19 cents, up from the 13.11 cents reported the for the previous period.

Distribution per linked unit at 18.50 cents was up from the 17.30 cents before.

The group said that revenue was at R153.4 million, up from the R115.6 million reported during the previous period.

Looking ahead, the group said that its property fundamentals remained firm with relatively low vacancies and arrears while satisfactory lease renewals had been achieved.

"Deteriorating trading conditions, particularly in the retail sector, are evident though," the group said.

At 12.20pm, shares in Ambit had eased 3 cents and were trading at R4.10.


Last modified on Tuesday, 29 April 2014 16:23

Most Popular

Equites Property Fund’ prime logistics portfolio delivers exceptional returns

May 04, 2022
Andrea Taverna-Turisan
Equites Property Fund Limited today announced growth in its distribution per share of…

When is eviction legal? All you need to know about dealing with problem tenants

May 04, 2022
Buying an investment property is great, especially when you’ve chosen a good location.…

Money laundering risks on the rise in real estate

May 05, 2022
James George
Property practitioners in South Africa have been identified as potentially vulnerable to…

Fairvest to list on A2X

May 04, 2022
Fairvest Limited has been approved for a secondary listing on A2X Markets and will be…

Dipula reports solid interim results; all conditions precedent for the repurchase of Dipula A-shares fulfilled

May 05, 2022
Izak Petersen
South-African focused JSE-listed diversified REIT, Dipula Income Fund, today announced…

Please publish modules in offcanvas position.