Trading update and withdrawal of dividend guidance

Johannesburg, 23 March 2020: Given the unprecedented and evolving market conditions brought about by the ongoing COVID-19 uncertainty, we have decided to take a number of precautionary steps to safeguard our business in the best interests of all our stakeholders.

JSE-listed Texton Property Fund today announced that it is embarking on a planned leadership transition to tailor its executive composition to its new streamlined business structures and shifting operational needs.

Growthpoint Properties (JSE: GRT) reported distributable income growth of 2.2% to R3.2bn, an increase in dividends per share of 0.2%, and a 14.9% increase in group property assets to R160.2bn for its six-month period to 31 December 2019.

JSE-listed REIT Texton Property Fund announced its results for the half-year ended 31 December 2019 and expects distributable earnings to be in line with guidance for the full year. Texton significantly reduced its loan-to-value (LTV) ratio by 2.3% or R340.8m, taking it ...

Highlights for the six months to 31 December 2019

Cape Town, 25 February 2020 – Equites Property Fund Limited (“Equites”) has concluded heads ofagreement with Africa’s largest fast-moving consumer goods retail operation, Shoprite HoldingsLimited (“Shoprite”), to establish a strategic joint venture which will facilitate ...

Cape Town – Tower Property Fund reported a strong performance from itsproperty portfolio in Croatia while weak market conditions in South Africacontinued to weigh on the fund’s overall performance in the six months toNovember 2019. In this environment Tower performed wel...