Indluplace Properties: Doing well in the small residential rental sector
INDLUPLACE Properties is carving itself an attractive niche for investors who desire exposure to listed residential property.The company’s main assets are residential units priced at R2,500 -R7,000 each. Indluplace has added more than R500m worth of assets to its portfolio since listing, despite the sector coming under pressure.It now has a portfolio worth more than R2bn.“We feel we have grown strongly since listing, and [believe] shareholders are beginning to appreciate that we are the only [purely] residential real estate investment trust (Reit) on the JSE offering shareholders regular, attractive income payouts,” CEO Carel de Wit says.Indluplace was sprung out of Arrowhead Properties’ residential portfolio and was listed on the JSE at R10/share last year in June. It is now trading at R9.80/share, due to some share dilution. It listed with a capitalisation of R1.76bn.Arrowhead, which was founded by listed property doyen Gerald Leissner, has done a good job of growing portfolios an...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.