Arrowhead Properties A-Linked units participate in distribution growth

Posted On Wednesday, 12 February 2014 18:43 Published by eProp Commercial Property News
Rate this item
(0 votes)

Arrowhead, the only JSE listed property company to pay quarterly distributions, announced its ninth distribution for the quarter ended 31 December 2013.

Arrowhead Properties

The board has approved a cash interest distribution of 15.10 cents per A-linked unit and 15.10 cents per B-linked unit for the quarter.

The combined distribution of 30,20 cents for the A and B linked units is 11,4% higher than the combined distribution of 27,10 cents for the comparative quarter ended 31 December 2012.

The A-linked units participate in the distribution growth as the distribution exceeds 15 cents or 50% of the distributable income for the quarter, whichever is the greater.

This has been achieved sooner than anticipated by the market.

"We are extremely pleased with the performance of the company, and in particular the participation of the A-linked unit holders in the distribution growth this quarter.

Once again, we have met and exceeded market expectations" commented Gerald Leissner, Chief Executive Officer.

"We remain committed to expanding Arrowhead's asset base both with income-enhancing and high-yielding property acquisitions throughout South Africa" he concluded.

Salient dates of the interest distribution to unitholders have been announced on SENS and payment date is stated as Monday, 10 March 2014.

Last modified on Friday, 18 April 2014 09:05

Most Popular

Vantage Capital arranges R430 million of mezzanine funding for Collins Residential, one of South Africa’s largest residential developers

Jan 24, 2022
Murray-Collins-1024x684
Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine fund manager,…

November non-residential building statistics release could point to weakening in commercial space building activity in 2022.

Jan 24, 2022
John_LoosFNB
The StatsSA November 2021 release of non-residential building plans pointed to early…

SARB to hike the repo rate at the next MPC meeting

Jan 24, 2022
Lesetja_Kganyago (1)
The SARB’s Monetary Policy Committee is set to increase the repo rate this week,…

November 2021 Hotel Accommodation Statistics

Jan 24, 2022
John_LoosFNB
November hotel revenues - strong year-on-year growth off a low 2020 base, but still far…

Banks’ appetite for home loans to remain robust in 2022

Jan 20, 2022
Rhys_Dyer_Ooba (1)
According to statistics from ooba, South Africa’s foremost home loan comparison service,…

Please publish modules in offcanvas position.