Companies
Nepi Rockcastle sees R9bn wiped off its value after Viceroy report
Nepi Rockcastle (JSE: NRP) has seen its share prices dive-bomb following a report by Viceroy Research which alleged the company manipulating or inflating its net profit after tax numbers. ... Full story
Offshore expansion benefits Vukile Property Fund
Vukile Property Fund (JSE: VKE) reported on Thursday that its total distributions for the half-year ended September had increased by 7.5% to 78.1 cents, buoyed by its Spanish investment portfolio.
Arrowhead Properties tumbles as times get tough
Arrowhead Properties (JSE: AWA), a diversified South African-focused property fund, on Wednesday reported a 15% decline in its full-year dividend to 74.1 cents per share — as tenants battle with rent.
Stenprop announces progress on transition to a Industrial Property owning Company
Stenprop (JSE: STP) recently announced that it has made further progress with its growth strategy of transitioning into a Industrial Property owning Company
Gemgrow Properties dividend up
Gemgrow Properties, which focuses on high-yield, high-growth properties, delivered 7% growth in its B-share dividend for the year to September, in line with guidance.
Stor-Age's dividend growth outstrips that of JSE property sector
Stor-Age Property, a real-estate investment trust (Reit) offering self-storage space in SA and the UK, raised its interim dividend by 9% to 51.3c.
Dipula's property portfolio increases by 25%
Dipula Income Fund’s CEO and founder Izak Petersen said the real estate investment trust’s dividend payouts, which grew about 4.5% in the year to August 2018, would taper off in the 2019 financial year before gaining momentum again in 2020.
Rebosis shares plunge on poor results
The value of Rebosis's property portfolio, comprising retail, office and industrial space, fell almost 4% to R18.1bn
Redefine Properties acknowledges tough operating environment
Redefine Properties (JSE: RDF) shrugged off a sluggish economic recovery to increase its full year distribution by 5.5% and to grow its net asset value by 5.9% in the 2018 financial year.
Tsogo Sun ditches R23 billion Casino and Hotel deal
Tsogo Sun [JSE:TSH], the hotel and gaming group has suspended the sale of its casino and hotel businesses to Hospitality Property Fund [JSE:HPB] after failing to secure enough support from shareholders.
Tower Property Fund getting to grips with residential money
Tower Property Fund [JSE: TWR] joins other property companies that are selling or re-purposing older A- and B-grade offices and retail centres as residential developments.
Equites Property Fund impresses investors
Equites Property Fund has impressed investors yet again with financial results that showed double-digit dividend growth while its peers have struggled to keep up with inflation.
Industrial focus lifts Equites Property Fund distributions
Equites Property Fund (JSE:EQU) grew its dividend per share 11.7% in the six months to August 2018, thanks to effective growth on its property portfolio over the corresponding period in August 2017.
Emira disposes of 25-office portfolio to BEE consortium
Emira Property Fund has sold 25 office assets to a black economic empowerment (BEE) consortium, led by Zungu Investments for R1.8bn.
Major SA hotel group to pull out of Nigerian market
JSE-listed Sun International, on Monday said it plans to exit its investment in Nigeria amid shareholder dispute.