Dipula Income Fund HY revenue rises 9.1%
Izak Petersen, CEO, Dipula Income Fund joins CNBC Africa's Fifi Peters a to unpack the company’s performance.
Tue, 14 May 2024 15:58:15 GMT
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AI Generated Summary
- The revenue of Dipula Income Fund increased by 9% for the first half, driven by higher rental income and recoveries from municipal rates.
- The company faced challenges such as lower distributions per share due to a higher number of shares in issue, but managed to attract new tenants at competitive prices.
- Izak Petersen discussed the impact of the COVID-19 pandemic on the office sector, strategies to mitigate risks, and the importance of a well-structured portfolio in navigating economic uncertainties.
Dipula Income Fund, a property investment group, saw its revenue rise by 9% for the six months ended February. The increase was attributed to higher rental income and recoveries from municipal rates. Despite facing challenges such as lower distributions per share due to a higher number of shares in issue, the company managed to maintain a positive trajectory. Izak Petersen, the CEO of Dipula Income Fund, spoke with CNBC Africa's Fifi Peters about the company's performance and the outlook for the property market. Petersen highlighted the efforts to attract new tenants at competitive prices and the importance of maintaining high occupancies. He also discussed the impact of the COVID-19 pandemic on the office sector and the strategies employed to mitigate risks. Additionally, Petersen shared insights on the interest rate outlook and its implications for the business, emphasizing the importance of a well-structured portfolio to navigate challenging economic conditions. Despite the uncertainties in the market, Petersen remains optimistic about the future prospects of Dipula Income Fund.
