BUSINESS DAY TV: Indluplace Properties — well placed for growth
Terry Kaplan is financial director of Indluplace.
BUSINESS DAY TV: Indluplace Properties has lifted its property income for the six months ended March by 15%, while total dividends edged up 5.5%. The residential real estate investment trust says its gearing of 6.5% allows for substantial headroom to fund further acquisitions and improve dividend growth going forward. Its financial director Terry Kaplan joins us now in studio. Terry, how much of the growth we’re seeing right now is acquisitive, how much is organic because over the period you’ve grown your portfolio by more than 49% and it now sits at what, R2.4bn? TERRY KAPLAN: That’s correct. A lot of ours is … there weren’t really that many acquisitions that took place during the course of last year. As you said we’ve got growth of 5.5%. We are delighted with that growth because that 5.5%, we gave guidance that we’d do between 5.5% to 6% for the full year to September and we really are pleased with that. In terms of our units, you said that we have doubled. Yes, we’ve grown a lot ...
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