Grit Real Estate, the only JSE-listed Africa-focused property fund, released its half-year results on Thursday. The company, which declared a dividend of $0.607 per share for the reporting period, said it was on track to deliver distribution growth of 3%-5% of 12.07c per share. Rental income has increased 82% versus the first six months of the 2017 financial year. Leon van de Moortele spoke to Business Day TV in a telephone interview to discuss how much of the acquisition effect needs to be taken into consideration when interrogating their numbers. Chief finance officer Leon van de Moortele spoke to Business Day TV about the company’s interim results. OR LISTEN TO THE AUDIO:

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