Well established property counters have revealed
strong yearly results over recent weeks.
A 12.6% weighted average distribution growth was
recorded for the year until June in comparison with the year to last June,
based upon calculations by Meago Asset Managers — far ahead of the average 8%
growth forecasted by most analysts.
Real estate investment trusts (REITs) have been
advantaged from owning rand hedge investments in offshore property companies
and from careful management of their assets such as malls.
The Resilient Property Income Fund, JSE’s fifth
largest listed REIT, recorded a rise in its distribution payout to investors of
20.94%.
