Vukile Property Fund has flagged a rise in its full-year payout to shareholders after the owner of malls in SA and Spain reported improved footfall and sales in the six months to end-September.

In a pre-close half-year update on Tuesday, the company said it sees its dividend per share rising 7%-9% to 120c-123c for the year to end-March 2024. Funds from operations, a measure of the cash generated by a real estate investment trust, are forecast to increase 3%-5% to 148c-152c...

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