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Oasis Crescent Property Fund delivers 18.3% distribution growth

Posted On Monday, 11 May 2015 21:38 Published by
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Oasis Crescent Property Fund delivers 18.3% distribution growth.

Adam Ebrahim

Oasis Crescent Property Fund delivers 18.3% distribution growth to 100.7 cents per unit for the full financial year 2014 on the base of active asset management.

The Fund benefited from active asset management and successful refurbishment of portfolio properties which resulted in solid growth in rentals and property expense recoveries. Investment income earned from global investments also benefited from the weaker Rand. 

The average cash flow yield of the fund is 5.4% and the dividend yield is 4.4% which continues to offer value relative to the average bond yield and inflation of 1.8% and 0.6% respectively. The Fund invests its liquid reserves in the Oasis Crescent Income Fund which provides competitive, Shariah compliant income and flexibility to take advantage of opportunities. Net asset value per unit increased by 12.5% to 1 919 cents per unit.

Oasis Crescent Property Fund, a property fund having REIT status with the JSE, focused on building a portfolio with a combination of high quality direct property investments and global listed REITS with properties located in the major global cities, which adds geographic and currency diversification. The direct property portfolio includes exposure to the retail, industrial and office sectors and it has a high exposure to the Western Cape. 

The Fund says it will focus on renewing existing leases and further improving the tenant quality while continuing to invest in its properties. 

 

Last modified on Tuesday, 12 May 2015 11:12
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