Investec Property Fund treads cautious line in SA
The property company has retained its defensive stance towards SA as retailer trading densities and turnover growth are on the decline
14 November 2017 - 11:01
Investec Property Fund on Tuesday upped its dividend per share by 12.2% to 98.37c for the six-months to end-September, bolstered by a one-off antecedent dividend from Investec Australia Property Fund (IAPF) On a normalised basis, core year-on-year dividend per share growth was 7.2%, with the he fund’s net asset value per share remaining stable since March 2017 at R16.94, the company said in a statement. This was due to negative mark-to-market movements on the interest rate swaps and foreign exchange hedges, which countered the upward revaluation on investment properties.
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