Rockcastle Q3 headline loss per share 8.15c US cents from loss of 1.33c

Rockcastle Global Real Estate Company said on Thursday that both its basic loss per share and headline loss per share in the quarter ended September 2014 amounted to 8.15 US cents from a loss of 1.33c in the year-earlier period.

In line with world markets‚ the listed property portfolio experienced a correction in the third quarter‚ resulting in a reduction in net asset value per share from $1.39 to $1.27 which included payment of the semi-annual distribution of $4.18c per share‚ the property company said in a statement on Thursday.

The board was confident that the forecast dividend growth of 5% would be met for the year ending 30 June 2015.

Rockcastle has a primary listing on the Stock Exchange of Mauritius and a secondary listing on the Alternative Exchange (AltX) of the JSE.

At 2.38pm the counter was trading 1c firmer at R21.15 per share after the announcement‚ from a close of R21.14 on Wednesday. This is not far from a record of R22 reached in September this year.