Indluplace hikes payout despite economic uncertainty
The residential-focused company remains upbeat about growing its distributions, but improving occupancies in its student portfolio is ‘critical’
23 November 2022 - 15:20
Residential-focused Indluplace Properties has been able to pass gradual rental increases onto tenants and improve occupancies, but warned its current operating environment remains unpredictable amid SA’s slow economic growth and as financially constrained households grapple with headwinds.
The real estate investment trust (Reit), valued at R1.01bn on the JSE, said on Wednesday in its annual results to end-September that it remains upbeat about growing its distributions, but added that improving occupancies in its student portfolio is “critical”...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.