Premium Properties Limited today announced half year distribution growth of 7,5% for its investors for the six-month interim period ended 31 August 2012, outperforming consensus forecasts.

South Africa's listed property sector rallied 2% last week as the Rand strengthened and bond yields fell.

Premium Properties has reported a 4.9% decline in its interim distributions, as tenants' total cost of occupation increased due to high utility costs and assessment rates.

Thursday, 06 October 2011 02:00

All in the Wapnick family

Warren Buffett said that if a business does well, the stock eventually follows. For JSE-listed companies Octodec Investments Limited and Premium Properties the stock is still looking good and that’s despite the news that founder Alec Wapnick stepped down last week

Premium Properties announced that it intended to raise R400m by way of a partially underwritten renounceable rights offer of 26 666 667 Premium-linked units.

 

Premium Properties on Thursday reported that its distribution for the six months ended August 31 2010 increased by 13.1% to 58.7 cents from 51.9 cents a year ago.

Monday, 04 August 2008 02:00

Time to cherry pick

Although investors climbed back into listed property in a big way last month - the index gained around 14% in July - industry players aren't expecting the sector to continue to deliver the same super returns seen over the past three years

Tuesday, 20 November 2007 02:00

Weathering the storm

Despite higher interest rates and global credit fears, 2007 is turning out to be yet another bumper year for listed property investors - both in terms of income and capital growth

Wednesday, 09 May 2007 02:00

Wapnick's CBD bet pays off

Octodec and Premium have over the past few years consistently managed to outperform other listed property loan stocks (PLSs) and property unit trusts (PUTs)

Friday, 12 January 2007 02:00

Redefine growth

Listed property loan stock company Redefine Income Fund is expecting 19% growth in distributions for the financial year to August next year — this due to the solid performance by its property portfolio as well as its acquisition of top-performing Cape-based Spearhead Property Holdings.

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