SA Corporate Real Estate is a diversified owner of industrial, retail, commercial and residential buildings located primarily in SA’s large metropolitan areas, with a secondary node in Zambia. The company said in its most recently released results that it had grown its dividends 4.4% in the six months to June. The company declared a dividend of 22.38c/share, from 21.44c/share for the corresponding period in 2016. The six-month performance was affected by nonrecurring income, resulting mainly from a recovery of written-off bad debt and increased vacancies in the company’s residential portfolio. SA Corporate was initially weighted towards retail and industrial nodes, but it has invested in residential real estate in recent years. Net property income increased 13.8% during the reporting period. Its residential property pipeline is particularly exciting. Last year SA Corporate and developer Calgro M3 formed a joint initiative through Afhco, a wholly owned subsidiary of SA Corporate, and...

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