It will become increasingly difficult for real estate stocks to deliver inflation-beating dividend growth, if sector heavyweight Growthpoint Properties’ rather bearish earnings outlook is anything to go by.
ACCELERATE Property Fund has acquired roughly half of the Portside office building, the tallest skyscraper in Cape Town, which houses banking group FirstRand’s regional head office in the central business district (CBD).
EMIRA Property Fund (EMI) grew distributions 9% in the year to June, thanks to effective rationalising of its portfolio resulting in vacancies falling to 4%.
