The JSE listed specialist logistics property fund, Equites, today officially announced that it has sold two high-quality UK distribution warehouses to real estate funds managed by Blackstone for £43,400,000, being a 4.79% net exit yield and 6% premium to Equites’ book value. 

Equites Property Fund Limited (Equites) today announced distributable earnings for the six months to 31 August 2020 of 74.44 cents per share, consistent with the distribution of 74.43 cents per share in the prior year.

Equites Property Fund Limited today announced a 9.4% increase in distributable earnings per share and dividends per share.

Equites Property Fund Limited (“Equites”) has concluded heads of agreement with Africa’s largest fast-moving consumer goods retail operation, Shoprite Holdings Limited (“Shoprite”), to establish a strategic joint venture which will facilitate the unlocking of significant value for both parties.

Equites Property Fund Limited (Equites) today announced an agreement with leading JSE-listed retailer Pepkor, to develop a 122 734 square metre logistics warehouse facility in Hammarsdale, KwaZulu Natal.

South African REITs (real estate investment trusts) have once again excelled among the country’s top companies earning the most wealth and value for shareholders.

In order of most empowered, the REITs are: Arrowhead Properties, Redefine Properties, Growthpoint Properties, Equites Property Fund, and Rebosis Property fund.

Fairvest Property Holdings, a real estate investment trust with a market cap of R2 billion, has been approved for a secondary listing on A2X Markets.

Friday, 18 October 2019 13:09

Equites Property Fund Interim Results

Equites Property Fund Limited (Equites) today announced distributable earnings for the six months to 31 August 2019 up 31.1% year-on-year.

Friday, 11 October 2019 10:09

Equites Property Fund Interim Results

Equites Property Fund Limited today announced distributable earnings for the six months to 31 August 2019 up 31.1% year-on-year.

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