Hyprop achieves double-digit income growth – year ending 31st December
Hyprop Investments has reported double-digit growth in distributable income of 14.5% to R765 million for the year ended 31st December 2024 with a 14.4% increase in distributable income per share to 201.4 cents per share.… READ MORE
Vukile acquires flagship Spanish mall in EUR305 million deal
Vukile Property Fund (JSE: VKE), the leading specialist retail real estate investment trust (REIT), through its 99.5% held Spanish subsidiary Castellana Properties, has acquired the largest shopping centre in Spain’s Valencia province, the iconic Bonaire Shopping Centre, from multinational retail … READ MORE
Growthpoint’s positive financial outlook enhanced: Half-year results delivered
Growthpoint Properties Limited delivered stronger-than-expected results for its six-month interim period ending 31 December 2024, reporting distributable income per share (DIPS) of 74.0cps, up 3.9% from HY24, while maintaining its distribution payout ratio at 82.5%.… READ MORE
SA’s REIT sector shows resilience despite global uncertainties
South Africa’s Real Estate Investment Trust (REIT) sector showed a recovery in February, rebounding by 1.2% after the price declines seen in January. This positive return outpaced the broader equity market, which remained flat at 0.0%, and the bond market, … READ MORE
Spear REIT FY2025 Pre-Close reflects a transformative year
Spear REIT’s FY2025 stands out in the sector due to its strategic focus and consistent robust financial metrics. The company reported a 13.58% year-on-year increase in portfolio value, reaching R5.26 billion assets under ownership, and maintained a high occupancy rate … READ MORE
Fortress interim results – exceeding growth expectations
Fortress Real Estate Investments Limited has delivered strong results for the interim period ended 31 December 2024, following a strategic shift into higher growth and better-quality assets.… READ MORE
Redefine navigates uncertainty with focus on organic growth
Redefine Properties (JSE: RDF) announced in its pre-close investor update for the half-year ending 28 February 2025 that its earnings outlook has stabilised despite a challenging operating context, driven by a focus on efficiency and strong demand for quality assets.… READ MORE
Fortress continues to deliver on its strategy to exit office market
At 31 December 2023, the office portfolio comprised 30 buildings and was valued at R1,3bn. Its total GLA was 145,906m², and the vacancy rate was 24%. As of 31 January 2025, the office portfolio now consists of only 15 buildings, … READ MORE
SA REITs expected to deliver positive distributable income growth for the first time in three years
It is not unusual for South African REITs to start the year with negative returns. Since 2020, they have only delivered a positive return in January once, in 2024.
This year, only three companies posted positive returns in January, with … READ MORE
The benefits of increased exposure to REITs in multi-asset portfolios
South African Real Estate Investment Trusts (REITs) are a key component of diversified multi-asset portfolios as they deliver stability and attractive returns amid an uncertain global economy. … READ MORE