When an individual invests money in listed property funds, there is an inherent sense of trust involved. To this end, the JSE has strict listing requirements in terms of how business is conducted, to protect both shareholders and purchasers.
Emira property Fund has announced a final distribution of 110,68 cents per Participatory Interest (PI) for the year end 30th June 2012. This is a reduction of 2,5% on the distribution for the previous comparable period
New retail experiences are on the cards for rural consumers in Polokwane and KwazuluNatal as Nedbank Corporate Property Finance has partnered with Dipula Income Fund Limited to acquire three plazas in the respective provinces.
The views held by some market commentators in the UK and across the Atlantic could perhaps be construed as somewhat optimistic, but at the very least they suggest where some of the key sector and niche market opportunities lie
SA property funds looking to raise capital are increasingly turning to capital markets rather than the traditional method of borrowing from banks or even securitisation.
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%.
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.
When will SA Corporate begin delivering sector-average income growth again? That’s the million dollar question that long-suffering shareholders are no doubt pondering after another below par performance from the Old Mutual-managed property fund.
SA Corporate Real Estate Fund has posted a 0.8% rise in distribution to 14.35c per unit in the six months to June from the previous comparable period.
Hospitality Property Fund (HPA/HPB) said that trading conditions in the hotel industry remained challenging due to the continuing effects of restrained demand and oversupply of available room stock.

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