Friday, 18 October 2019 13:09

Equites Property Fund Interim Results

Equites Property Fund Limited (Equites) today announced distributable earnings for the six months to 31 August 2019 up 31.1% year-on-year.

Texton Property Fund has secured leases over more than 10,000sqm of industrial space at its Hermanstad Industrial Park in Pretoria.

Real estate consulting firm, JLL, has released its South African Q3 2017 market reports for the office markets in Johannesburg, Durban and Cape Town; the industrial markets in Johannesburg and Durban; and an outline of the South African retail market.

Accelerate Property Fund, the JSE listed REIT with significant exposure in the dynamic Fourways node in Johannesburg.

JSE AltX and Mauritius listed New Frontier Properties on Friday announced the acquisition of Unit 1, Stadium Business Park in Dublin, Ireland for €8.65 million, representing a net initial yield of 8.23%.  

JSE AltX and Mauritius listed New Frontier Properties today reported solid financial results for the year ended 31 August 2017, despite market volatility and economic headwinds in a post Brexit operating environment.  

This morning saw the official launch of Johannesburg’s first Road Interchange Index, which measures the performance of the City’s most popular business node off-ramps according to user mobility, roadway capacity and ease of access.

Equites Property Fund Limited today announced a 12.02% increase in half year distributions to 60.98 cents per share, which is at the upper end of its guidance of 10%-12% distribution growth for the 2018 financial year. 

Shareholders are advised that Equites, through its Isle of Man based wholly-owned subsidiary.

Equites Property Fund Limited today announced a 14% increase in full year distributions to 110.37 cents per share.

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