South Africa’s listed property sector gained 1.3% during the week ended 8 February, after both Resilient and New Europe Property Investments (NEPI) reported results last week. 

The PLSA reports that for the last 12 months to the end of February 2012, SA Listed Property recorded the highest total return of any asset class at 21.75%

Resilient Property Income Fund has reported that its distribution for the 2011 financial year increased 8.91% to 230.71c per linked unit.

Following the stellar 30% total return for 2010, some analysts believed listed property was fully priced. But the search for reliable cash flows amid ongoing global uncertainty continued last year, and the sector achieved a respectable 8,93% total return for 2011 compared with the all share’s 2,57%.

Capital Property Fund has concluded an agreement with Fortress Income Fund and Resilient Property Income Fund for the disposal of a portfolio of retail properties.

Resilient has announced an interim distribution of 109.36c for six months to June 2011 from 100.60c, an 8.71% increase from the prior comparable period.

Property stocks could pip general equities at the post again this year, while the listed property index hit a new record high earlier this month after dipping 10% in the first quarter.

Resilient Income Fund has acquired the remaining 50% of The Grove not already owned by it for R356.4m at at an 8.25% capitalisation rate.

Resilient Property Income Fund posted a 9,12% increase in distributions to 211,83c per linked unit for the year to December.

Owning shares in Hyprop Investments and Resilient Property Income Fund, means investors own some of the best retail property in SA.