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Investec Property Fund reports earnings rise on strong letting
Investec Property Fund Limited (IPF) on Wednesday reported a 3% rise in annual distributable earnings per share, driven by robust growth in net property income across South Africa and Europe on strong letting and reduced vacancies.
Source: Supplied.
Distributable earnings per share, the primary underlying financial performance measure in the listed property sector, rose to 53.78 cents in the six months ended September 30, from 52.39 cents a year earlier.
Source: Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/