News Formal

Indluplace points to municipal rates hikes for pressure on earnings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Residential property specialist sees its dividend shrink by a 20% in year to September

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

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: BDliveSA - 🏆 12. / 63 Läs mer »