Pan-African property fund Mara Delta is on track to grow distributions between 2% and 4% for the financial year to June, as it weathers a multitude of headwinds on the continent. "We are very pleased with declaring an interim dividend of 6.12 US cents per share despite some challenging geopolitical and economic headwinds. Our focus ... on our US dollar-based leases has mitigated these risks to a large extent," said CEO Bronwyn Corbett. The property fund’s strategy was to invest in buildings that it could fill with blue-chip, often multinational, tenants. During the reporting period, Delta grew its rental income 24%, from $10.7m to $13.2m on the back of asset acquisitions in the second half of the prior financial year.
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