Investec Property Fund (IPF) has redeemed itself after some lean years, delivering a strong performance in the past half-year, having enhanced the returns at many assets across its portfolio. The group, which grew its core dividend per share 7.2% in the six months to September, has bedded down various acquisitions and has been helped by its holding in Investec Australia Property Fund (IAPF). IPF had released some disappointing financial results for a few periods, but CEO Nick Riley has started to bring momentum back to the diversified real estate investment trust. The company’s share price was up only 0.97% year to date as many fund managers have lost interest in the stock, but improved financial results should swing sentiment in a positive direction. "This is a pleasing set of results in light of the economic environment," said Riley. "As management, we have been internally focused on securing the sustainability of revenue through proactive letting activity and early engagement wit...
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