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<p>Vukile Property Fund has been the star performer on the JSE today, with that stock currently up 9 per cent. The company reported a 17per cent increase in headline earnings for the year ended March. This is compared to the prior comparable period. In the period under review, the company reduced its debt by 3.1 billion Rand. Joining CNBC Africa to review those numbers is Laurence Rapp, CEO at Vukile Property Fund.</p>


Vukile reports 17% increase in full-year headline earnings

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<p>Vukile Property Fund has reduced debt by R1.5 billion, for the six months ended September. The company has provided extensive tenant relief in Southern Africa and Spain. The rental collection rate in Southern Africa was at 95 per cent and 90 per cent in the Spanish portfolio. Vukile Property Fund CEO, Laurence Rapp joins CNBC Africa for more.</p>


Vukile provides extensive COVID-19 tenant relief

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<p>At a time when many property companies are struggling Vukile has posted healthy performance.  The group reported a continued strength in their Southern African portfolio and well diversified sources of funding. Vukile Property Fund CEO, Laurence Rapp joins CNBC Africa for more.</p>


Vukile bucks the trends with strong results in a tough environment

Vukile bucks the trend with strong results in a tough environment

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<p>Vukile Property Fund interim results saw a total revenue increase from R1.2 billion to R1.8 billion. In South Africa the company expects a distribution growth of up to 5 per cent. Vukile CEO, Laurence Rapp joins CNBC Africa for more.</p>


Spanish venture pays dividend for Vukile

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<p>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.</p>


Vukile Property Fund CEO: Why we remain bullish on Spain

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<p>Vukile Property has reported its interim financial results, declaring an increase in dividends of 7.5 per cent to 78 cents per share. The property group has also reported an increase in operating profits and total valuation of the Southern African portfolio. It also revealed that Michael Potts, has withdrawn his intention to retire by 31 March 2019 and will continue to occupy the role of financial director until further notice. Joining CNBC Africa to discuss the results is Laurence Rapp, CEO for Vukile Property Fund.</p>


Vukile’s Spanish expansion pays dividends

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<p>In its half year results Vukile Property Fund saw a decrease in headline earnings per share to 57.61 cents. Gross property revenue lowered to R947.8 million from R1 billion. Joining CNBC Africa is Laurence Rapp, CEO of Vukile Property Fund.</p>


Spain, UK or SA? Vukile on which is its preferred destination to do business in

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<p>Vukile Property Fund today announced its acquisition of a portfolio of nine high-quality, newly-built retail parks across Spain via its new 98.3 per cent Spanish REIT subsidiary Castellana Properties.</p>


Vukile Property Fund

Vukile reports 17% increase in full-year headline earnings

Vukile provides extensive COVID-19 tenant relief

Vukile bucks the trend with strong results in a tough environment

Spanish venture pays dividend for Vukile

Vukile Property Fund CEO: Why we remain bullish on Spain

Vukile’s Spanish expansion pays dividends

Spain, UK or SA? Vukile on which is its preferred destination to do business in

Vukile boosts offshore exposure with a R2.8bn Spanish retail acquisition

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Vukile Property Fund

Vukile reports 17% increase in full-year headline earnings

Vukile provides extensive COVID-19 tenant relief

Vukile bucks the trend with strong results in a tough environment

Spanish venture pays dividend for Vukile

Vukile Property Fund CEO: Why we remain bullish on Spain

Vukile’s Spanish expansion pays dividends

Spain, UK or SA? Vukile on which is its preferred destination to do business in

Vukile boosts offshore exposure with a R2.8bn Spanish retail acquisition

News Tips

Advertise With Us

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