Redefine Properties linked unit price rallied 3.7% to close at R11.20 on Thursday after the company reported growth of 7% in distributions to 33.7c per linked unit for the six months to the end of February.

Redefine Properties today reported 7% growth in its interim distribution of 33,7 cents per linked unit for the six months ended 28 February 2013, achieving the top end of its market guidance. 

Redefine International has reported a solid operating and financial performance by London listed Redefine International which has enabled a renewed focus on enhancing the property portfolio and the long term high quality income it delivers as evidenced by the number of successful asset management initiatives and new investments completed during the past six months.

Premium Properties Limited, the only JSE listed Company to offer significant residential sector exposure, this morning announced its preliminary annual results for the year ended 28 February 2013.

Octodec Investments Limited announced their unaudited interim results for the six months ended 28 February 2013 this morning. 

Growthpoint Properties Limited today announced a 7.2% growth in distributions, to 72,7 cents per linked unit, for the six-month interim period to 31 December 2012. The distribution growth is significantly ahead of original market guidance of 6.1%. 

Vunani Property Investment Fund, the only JSE listed property fund to offer investors significant exposure to commercial offices, reported excellent interim financial results for the six months ended 31 December 2012.

Growthpoint Properties says that for the six months ended December 2012‚ its distribution per linked unit is forecast to be between 7% and 7.5%.

Ascension published its results for the six months ended 31 December 2012 and declared a second interim distribution of 3.17 cents per A-linked unit and 1.43 cents per B-linked unit, payable on 4 March 2013.

Vukile Property Fund today reported a 5% increase in its distribution for the six months ended 30 September 2012 to 57.03 cents per linked unit, driven by a solid performance by its property portfolio.