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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. ... Full story

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.

CEO Mark Kaplan said subsidiaries Gemgrow Properties and Indluplace Properties were both set to enhance the income of Arrowhead.

Arrowhead facing criticism over its remuneration policy

Arrowhead Properties, which has forecast that its dividend will shrink in the year to September, is facing criticism over its remuneration policy.

Accelerate, which wants to dominate the Fourways node, has redeveloped the mall — set to open in the last quarter — into Africa’s largest shopping centre.

Fund bets on super mall to Accelerate confidence

Accelerate Property Fund is banking on the relaunch of the Fourways Mall in 2018 to boost confidence in the company and its shares.

CEO Amelia Beattie said during an investor update for the nine months to September that L2D was managing to extract value regardless of consumers being weak and trading densities under pressure.

Liberty Two Degrees' resilience rides out the storm

Liberty Two Degrees (L2D), which owns some of SA’s premium shopping centres, says its iconic asset portfolio and strategy to actively manage its precincts will enable it to remain resilient during the tough South African economic climate.

Geoff Jennett, CEO of Emira, said we identified the USA as being the best fit for the company.

Emira Property Fund spreads its wings into America

Emira Property Fund has become the first South African-based real estate investment trust (Reit) to invest directly in American property.

CEO Mike Flax said that investors had been attracted to Spear because it was committed to paying regular income from carefully selected assets.

Spear targets dividend increase as Western Cape assets pay off

Property company Spear Reit has revised its dividend for the 2018 financial year to as much as 79c following a strong performance in the interim period.

Emira’s CEO, Geoff Jennett, said residential real estate should form part of any property investor’s diversified portfolio

Emira upbeat over conversion of office block to residential units

Emira Property Fund is confident that its first asset conversion of a property from office to residential will succeed and that this will prompt the company to complete more value-enhancing property conversions.

We are very pleased with the strong performance of the underlying portfolio during some challenging times over the period, said CEO Bronwyn Corbett.

Grit keeps dividend payment rolling

Grit Real Estate, the only listed Africa-focused property fund, has declared its seventh consecutive dividend since its formation in 2014.

Stor-Age Property REIT CEO, Gavin Lucas says Storage King represents an excellent entry point into the UK market and springboard for future off-shore expansion.

Stor-Age diversifies into UK market with R1.3 billion acquisition

Stor-Age Property REIT [JSE: SSS] has diversified its portfolio entering the UK self storage market — with an estimated R1.3 billion acquisition of the region’s sixth largest self storage operator, Storage King.

Canal Walk Shopping Centre owner, Hyprop Investments (JSE: HYP) increased its full-year dividend to end-June by 12.1%.

SA's Retail Sector is in trouble but Mall Owner managed to eke out growth

Although South Africa’s economic strife has dimmed prospects for a long-term revival in consumer spending, shopping centre owner, Hyprop Investments (JSE: HYP) is still managing to eke out growth.

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