How are the stocks do­ing?

Finweek English Edition - - COVER STORY -

Growth­point is SA’s largest prop­erty fund, with a port­fo­lio of as­sets that in­cludes Four­ways Cross­ing in the north of Jo­han­nes­burg and Paarl Mall in the Western Cape. The stock has lost in­vestors 6.8% over the past 12 months. It gen­er­ated a div­i­dend yield of 5.5%.

The com­pany owns a 65% stake in Aus­tralia’s GOZ with AU$2.3bn in as­sets. The off­shore unit com­prises 16% of Growth­point’s to­tal gross let­table area. In its in­terim fi­nan­cial re­sults for the six months ended De­cem­ber 2015, the com­pany pins its hope on the Aus­tralian unit to boost fu­ture growth. com­pany said in its fi­nan­cial re­sults for the six months ended De­cem­ber 2015 that the in­vest­ment in Nige­ria is “rel­a­tively small”. New Europe Prop­erty In­vest­ments (Nepi), which is listed on the Lon­don Stock Ex­change and the JSE, fo­cuses on build­ing an as­set base con­sist­ing of of­fice and re­tail prop­er­ties in emerg­ing-mem­ber states of the Euro­pean Union. Its port­fo­lio in­cludes Bucharest’s Mega Mall and Au­park Košice Mall in Slo­vakia.

The bulk of the com­pany’s prop­er­ties are sit­u­ated in Ro­ma­nia as the de­mand for re­tail space con­tin­ues to in­crease. The stock re­turned 26.2% to in­vestors over the past 12 months and traded at a div­i­dend yield of 3.25%. The board of direc­tors ex­pects re­cur­ring dis­tributable earn­ings per share to in­crease by 15% this year com­pared to 2015, ac­cord­ing to its fi­nan­cial re­sults for the 12 months ended De­cem­ber 2015.

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