Johannesburg - Indluplace Properties, the JSE’s first residential-focused real estate investment trust (Reit), has indicated that the company remains on track to meet its dividend forecast for the year to end September.
The company’s guidance when it released its annual financial statements for the year to September was that the dividend a share for the following year was expected to be 92.5 cents, which indicated growth of 10.5 percent compared with the dividend forecast of 83.8c in the company’s listing prospectus.
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Indluplace said last week that it anticipated the dividend a share for the six months to March would be between 44.5c and 47.5c.
It said the previous corresponding financial period to March last year related to the period prior to its listing on June 19 and no distribution to shareholders was declared and no comparative distribution a share information was available for the previous corresponding financial period.
Indluplace shares were unchanged on Friday at R9.52. Indluplace is expected to release its interim financial results on May 11.
BUSINESS REPORT