Indluplace ‘in decent shape’ to get through expected tough year

Indluplace Properties, the first residential-focused property fund to list on the main board of the JSE in 2015, is hoping that a strong balance sheet will help it through an expected tough market in 2021.                                 

The company, which has a portfolio of 9,668 rental units worth R3.8bn in lower- to middle-income areas including Randburg, Rosettenville and Yeoville, saw its dividend plunge 44% in the year to end-September in the wake of the lockdown imposed by the state to curb the spread of Covid-19...