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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.

By Nqobile Dludla

17 Nov 2022

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/

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