JSE diversified REIT, Dipula Income Fund, continued to weather the tough economy to post growth of 13% in distributable earnings and 7,1% in distributions per combined share for the six months to February 2016. Solid asset management, reduced vacancies and prudent acquisitions helped drive the good interim performance. The portfolio of 201 retail, office and industrial properties was valued at R6,7 billion at the end of…
Dipula Income Fund today reported its half-year results reflecting a 33.2% growth in distributable earnings during the six-month interim period to 28 February 2015. Dipula’s combined growth in distribution per unit of 6.8% comprises distribution growth of 5.0% per Dipula A linked unit and 9.3% per Dipula B linked unit.
In addition to…
Dipula Income Fund today reported its full-year results which reflect a 16% year-on-year growth in distributable earnings to 31 August 2014. Dipula’s combined growth in distribution per unit of 7.2% exceeds market expectation and comprises distribution growth of 5.0% Dipula A linked units and 10.0% for Dipula B linked units.
Izak Petersen, CEO of Dipula Income Fund, attributes the…
Dipula Income Fund today reported an increase of 33% in distributable earnings for its financial year to 31 August 2015, during a period of remarkable growth.
Dipula’s combined growth in distribution per share of 7.05% is up on its half year distribution growth of 6.8% per share, and in line with its market guidance. Its distribution growth comprises…
Dipula Income Fund plans to introduce a new capital structure, converting from complicated linked units to the simpler ordinary share structure, for both its current A and B linked units
Izak Petersen, CEO of Dipula Limited comments: “The proposed new capital structure represents several distinct benefits for Dipula. It will align the company’s capital structure with the internationally recognised all equity REIT capital structures. It…
Dipula Income Fund will buy a R425m property portfolio from Redefine, paying 75% in linked units and the rest in cash.
Dipula Income Fund Limited today announced it has concluded a transaction to acquire an 80% interest in an R860 million portfolio of retail and industrial assets from members of the Moolman Group. Moolman Group will retain the remaining 20% interest in the portfolio.
The portfolio comprises 28 properties with a low vacancy of around 2.5% of gross lettable area. It features strong tenancies from…
Slow economic growth and high operating cost inflation – especially rates and taxes, and electricity – are challenging the commercial property sector and placing strain on South African business.
Izak Petersen, CEO of JSE-listed Dipula Income Fund, reports that despite ongoing above inflation increases of charges for services, the continued weak state of service delivery by municipalities means property owners and tenants alike have to dig…
Continuing its strategic growth, Dipula Income Fund today announced it will acquire a portfolio of six rental income producing retail properties from Redefine Properties for R425 million.
