Investec Australia Property Fund (IAPF), the only JSE-listed real estate investment trust (Reit) with an investment focus in the oceanic country, is on track to achieve strong capital growth in 2021, CEO Graeme Katz said on Thursday.

The company recorded an 8.4% decline in dividend in the six months to September to 4.39c, but it still managed to pay out 100% of its distributable income while some peers have had to cut their payout ratios owing to weak economic prospects in SA...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now