Transcend Residential, the real estate investment trust (Reit) focused on residential property assets, had a strong recovery in the six months to end-June 2021, collecting more rent as its tenants returned to work or saw their salaries rise to normal levels amid less strict lockdown restrictions.

The group, which owns assets worth R2.52bn, managed to grow its dividend by 108.35% in the reporting period to 25.21c, compared with the six-month period to end-June 2020, and paid out 100% of its distributable earnings.  ..

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 articles from our international business news partners; 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