Indluplace Properties, the residential specialist fund, says a rise in municipal rates has outstripped rental fees increases, putting pressure on earnings.
The company, which listed with a portfolio of 1,600 rental units in June 2015, and now owns 9,917 units, reported on Wednesday that its dividend per share shrank 19.9% to 78.2c. “It’s a very tough market. The cost of maintaining a residential unit is high and we are struggling to achieve rental escalations as our tenants are under such severe financial pressure,” he said.Johannesburg Property Owners and Managers Association
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Peregrine’s earnings fall as JSE activity declinesThe group, which includes Citadel, Peregrine Capital and Stenham, says its outlook remains constrained by US-China uncertainty
Leer más »