Arrowhead Properties has grown rapidly over the past five years, while maintaining strong distribution growth. The South African-focused JSE-listed real estate investment trust (Reit) declared a dividend of 82.55c per share for the year ended September 30, results on Wednesday showed. This represented growth of 9.85% compared with the previous year. Arrowhead, which listed in 2011 with R1.4bn worth of properties, now has an investment portfolio valued at R11.5bn, which is made up of R1.5bn worth of investments in other Reits and R10bn in direct property. Its core property portfolio grew 6.1% during the period. At the end of September, Arrowhead’s shareholding in Indluplace Properties was 60.1% and it owned 11.5% of Dipula Income Fund and 19% of Rebosis Property Fund. "Arrowhead is well diversified with properties across the country and sectors, including residential. It is a defensive investment especially in this challenging environment," said chief operating officer Mark Kaplan. A...
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