The first black owned and managed property group to list on the JSE has warned that its upcoming financial results will be the worst in its history
Rebosis Property Fund, the black managed and owned real estate investment trust which was listed in 2011, waited until after the equity markets closed on Friday to release a dire trading statement, which warned its A- and B-share dividends would fall 52% on a combined basis, in the year to August.
Distributable income for the year to end-August is expected to be 52% to 62% lower than that of the previous year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Arrowhead says its investments in other property groups will not wreck its dividend growthDiversified real estate group says its dividend will shrink about 24% because of worse-than-expected income growth from a subsidiary
Read more »
Czech premier wants banks to pay part of dividends to state fundThe largest banks in the country are foreign-owned and have often faced criticism for their distributions flowing abroad
Read more »
Property developers refuse to come clean about political fundingCitizens should ask if politicians are giving special favour to high-end developers.
Read more »
Equites Property Fund lifts distributions as portfolio value swellsUK business now accounts for 32.7% of the real estate investment trust’s properties
Read more »
Struggling Rebosis signs leases with government tenantReit’s share price climbs after announcement it has renewed contracts with the department of public works
Read more »
Funding an elections campaign is not child’s play, says MashatileANC treasurer-general Paul Mashatile says raising funds for the party’s campaign leading up to Wednesday’s elections was a mammoth task.
Read more »
Indluplace warns that 2019 dividends will fall by 20%The real estate investment trust says conditions foreseen in October 2018 have ‘turned out to be considerably worse than anticipated’
Read more »
BUSINESS MAVERICK: Investor’s dalliance with dividendsThe appeal of the money-making proposition seems simple and safe: invest in the highest dividend-paying company and sit back and relax, while your monthly cheques roll in. But no. In ensuring a consistent and continuous income stream you’ll have to dig much deeper than that.
Read more »
BUSINESS MAVERICK: The dividend/growth balance: Anglo’s truly amazing debt turnaroundGetting the debt/dividend balance right is tricky — very tricky for mining companies. Pile up too much cash, investors get antsy. Buckle to investors’ immediate desires, long-term growth gets hit. Years of divesting from non-core assets and implementing stringent spending programmes have allowed Anglo American to significantly reduce its debt load to US$4.5bn in June 2018, down from a peak of US$14.1bn in June 2015. In 2019 it was able to commit to 40% of cash resources to a dividend payout.
Read more »
Offshore businesses reward Redefine PropertiesRedefine has been investing in Poland since 2016 and its investments in the fast-growing east European country are paying off
Read more »
Private property rights at stake in #Elections2019 | IOL NewsThe government's promises of returning land to black South Africans taken during apartheid are under the spotlight during Elections2019, land experts said.
Read more »