Spear REIT posts 6.06% earnings growth amidst tough trading environment
Spear REIT Limited (SEA:SJ), the only regionally specialised Real Estate Investment Trust (REIT) listed on the JSE, reported its annual financial results today, posting 6.06% earnings growth amidst some of the toughest trading environments in recent years for the South African listed real estate sector.
Redefine achieves impressive tenant retention of 96% in the face of ongoing COVID-19 uncertainty
With the COVID-19 virus and related uncertainty continuing to weigh on businesses, Redefine Properties (JSE: RDF) has announced a 32% fall in its distributable income per share for the six months ended 29 February 2020 to 33.46 cents from 49.19 cents in the prior comparable period.
The Corona Crisis exerts additional pressure on an already-correcting property market
A slowing capital growth trend, into negative territory by 2019, has been in play in recent years. The Corona Crisis is likely to add momentum to this correcting trend in 2020.
Passing of Marc Wainer, a non-executive director of EPP
It is with great sadness and regret that EPP announces the passing of Marc Wainer on 20 April 2020.
Octodec delivers satisfactory first half performance in recessionary environment; prepares for COVID-19 impacts on full year performance
JSE listed REIT Octodec Investments Limited, today announced a satisfactory set of results for the half year to 29 February 2020, against a rapidly degrading economic environment which translated into a slight reduction in distributable earnings to 97 cents per share.
Investment Strategies for REIT’s post COVID-19
Kim Pfaff-Karg, BSc Property Studies (Honours) is the Chief Investment Officer at Spear REIT Limited, a Real Estate Investment Trust (REIT) listed on the Johannesburg Stock Exchange (JSE).
SA REIT Association mourns the passing of Marc Wainer
It is with great sadness that the SA REIT sector mourns the passing of property maverick Marc Wainer.
Passing away of South African property doyen Marc Wainer is a loss to the entire sector
Marc Wainer, founder, former Chairman and CEO of Redefine Properties, who started his career working in his parents' grocery and fish shop in Yeoville and went on to build one of the country’s largest and diversified Real Estate Investment Trust (REIT) listed on the JSE passed away earlier today at the age of 71.
Planned leadership transition at Texton adapts executive structure for new strategies and operations
JSE-listed Texton Property Fund today announced that it is embarking on a planned leadership transition to tailor its executive composition to its new streamlined business structures and shifting operational needs.
Spear REIT launches innovative self-isolation campaign for returning travellers in Cape Town, South Africa to combat COVID-19:
JSE listed Spear REIT Limited, the owner of the Double Tree by Hilton Cape Town, is the first in South Africa to launch an innovative self-quarantine accomodation solution.
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