Tag: per cent
Delta Property Fund’s distributable earnings in the year to end-February 2019 declined to 73.84 cents a share from 97.24 cents in the previous year. The company said that they will retain a quarter of its distributable earnings “to facilitate capital expenditure and working capital requirements in the business”, therefore having a full-year distribution of 55.39 cents per share. Sandile Nomvete, CEO of Delta Property Fund joins CNBC Africa for more.
Vukile Property Fund reported a good year as it successfully expanded its property footprint across Southern Africa and Spain. The property retailer’s investments are valued at more than R30 billion, net asset value per share is up almost 1 per cent to 2026 cps. Vukile Property Fund has managed to maintain its solid credit record by diversifying its debt to reduce financial risk although the company debt for the period increased R13.2 billion. Vukile Property Fund CEO, Laurence Rapp joins CNBC Africa for more.