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Resilient pays out 136.23c a unit

7 Aug 2013

Resilient Property Income Fund on Tuesday (6 August) declared a distribution of 136.23c per linked unit for the six months to June‚ up 12.83% from 120.74c in the comparative period a year ago.

"Notwithstanding indirect exposure to platinum mining in the North West‚ Resilient's property portfolio performed ahead of budget‚" the company said.

"Resilient benefited from the strong performance of its listed holdings‚ particularly the offshore holdings where dividends benefited from the decline of the rand exchange rate.

Vacancies increased from 1.7% in December last year to 1.8% as at June 2013.

The largest number of vacancies was at Tubatse Crossing which was 6.6% empty at the end of June.

Source: I-Net Bridge

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