Specialist logistics property developer and landlord, Equites Property Fund Limited (“Equites”), today announced total distributions for the year ended 29 February 2016, of 96.6 cents per share – an increase of 18.3% relative to the previous year on an adjusted full year basis.

Specialist industrial property developer and landlord, Equites Property Fund, announced total distributions to shareholders of 45.42 cents per share for the 6 months ended 31 August 2015, 11.5% higher than the corresponding financial period, on an adjusted 6 months basis, and exceeding the pre-listing forecasts by 4.7%.

During the last three years, interest rates have been low and the rand has been strong, fuelling the growth of many businesses. 

The slowdown of the industrial property market has started to take effect and yields on industrial property investments have started to rise.