Listed property unit trust Marriott Property Fund (Martprop), which delivered below-market distribution increases of 3% to its unit-holders for the year to July, is forecasting similar growth for next year.

Listed property unit trust Martprop Property Fund announced interim distributions on Friday that were below the listed property sector average.

With privately owned funds offering stiff competition for assets, many listed funds are turning to development option

A STRONG performance from its industrial property portfolio boosted the total distributions to unitholders 3,1% to 24,75c from the previous year, at listed unit trust Martprop Property Fund.

CAPITAL losses in the listed property sector may not materialise this year in fact the sector is expected to post a small capital increase of about 2%.

Unit trusts recognised for consistent top performance of their underlying property assets

LISTED property unit trusts Capital Property Fund and Centrecity Property Fund (Cenprop) announced yesterday that Mike Cullabine had resigned as a director of Property Fund Managers, the management company handling the two funds.

The Martprop Property Fund increased its dividend for the year to July by 2 percent to 24c a unit, despite pressure on rental income caused by the expiry or review of 28 percent of its leases.

 Property unit trust group Martprop Property Fund reported positive financial results yesterday in a market which showed unrelenting pressure on earnings. 

Listed property may be everybody's favourite JSE sector but, like a newly discovered celebrity without table manners, its corporate governance is generally an embarrassment