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Dipula Income Fund’s CEO Izak Petersen said the company’s decision not to invest offshore but rather to spend its capital on enhancing its assets at home had paid off in 2018

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. ... Full story

Rebosis, owned by well-known real estate entrepreneur Sisa Ngebulana, suffered from its New Frontier Properties investment, which paid no dividend due the slump in the UK property market blamed on Brexit.

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 CEO Andrew Konig says almost every property sector in the economy is under huge pressure and everyone is feeling the pinch.

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, the owners of Southern Sun Cullinan Cape Town, halts sale of casino and hotel businesses to Hospitality Property Fund.

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.

We believe this conversion is the best use of our resources right now. However, we aren't at a stage yet where we would go and create a separate residential business, CEO Marc Edwards said.

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 CEO Andrea Taverna-Turisan says prime logistics assets had outperformed retail with strong demand being driven by the growth in e-commerce.

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.

Equites Property Fund CEO Andrea Taverna-Turisan said the group’s performance reflects the quality of assets in its portfolio,

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.

Head of Zungu Investments, Sandile Zungu.

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.

Gaming and hospitality group, Sun International plans to exit its investment in Nigeria amid shareholder dispute.

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.

Hyprop, which owns nine premium SA shopping centres including The Mall of Rosebank, Clearwater Mall, Hyde Park Corner and Canal Walk, declared a total dividend per share of 756.5c for the year to June, up 8.8%.

Hyprop lifts its dividend by 8.8%

Hyprop Investments expects 5%-7% dividend growth for the 2019 financial year, but CEO Pieter Prinsloo said even though this may be disappointing, it was still well ahead of its peers.

Liberty Two Degrees (L2D) portfolio exposure to Edcon is 5.9% of the total gross lettable area of its portfolio.

Liberty Two Degrees leases space vacated by Stuttafords but faces pressure from Edcon

South African landlords have let most of the space vacated by the defunct department store, and Liberty and L2D are in talks with Edcon, which is ‘rationalizing’ its leases.

Resilient share price continued its free fall, plummeting by 6% as the market reacted to a statement the Property group issued on Tuesday.

Resilient share price slides, faces damning allegations

The share price of Resilient, the listed property group slid on the JSE on Wednesday after the company announced a statement on Tuesday.

“We are a high-yielding, high-growth group and have been buying assets from private buyers but also from large Reits who may be overindebted and sitting with assets worth up to say R100m,” said chief operating officer Alon Kirkel.

Gemgrow goes on an acquisition spree

Showing its intent to grow its asset based, Gemgrow Properties, confirmed that it plans to do deals with large real estate investment trusts (Reits) that are facing structural problems and need to let go of their smaller assets.

Liberty Two Degrees (L2D) on Monday declared a full-year distribution per unit of 59.22c, which fell short of its forecast of 65c.

A tough year for Liberty Two Degrees

Real estate investment trust (Reit) Liberty Two Degrees (L2D) on Monday declared a full-year distribution per unit of 59.22c, which fell short of its forecast of 65c.

CEO Pieter Prinsloo said the real estate investment trust (Reit) could be primed for a turnaround after a tough 2017.

Hyprop shrugs off tough times

Hyprop Investments has been a market darling for some years, regularly delivering double-digit distribution growth from its impressive portfolio of malls that include The Mall of Rosebank, Clearwater Mall, Canal Walk, Somerset Mall, The Glen and Hyde Park Corner.

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