Higher rentals drive SA Corporate profit
The real estate investment trust raises dividend as income climbs
16 March 2025 - 19:24
JSE-listed SA Corporate Real Estate has reported a 5% increase in profit for the 12 months to end-December, largely driven by higher rentals.
The real estate investment trust, with a portfolio of 267 properties spanning industrial, retail and residential buildings, said distributable income rose to R680.9m, or 27.08c a share, from R647.8m a year earlier as net property income rose to R1.5bn from R1.3bn...
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