Rental income rose to R90.9m (R51.1m) and net profit before tax increased to R413 000 (R229 000). Earnings per linked unit rose to 43.27c (35.12c) and distribution per linked unit increased to 43c (35c) despite linked units in issue rising to 64 406 292 (38 524 489). During the period nine additional properties at a cost of R435.5m were acquired. These increased the portfolio size to R1.1bn and the market capitalisation to R403m at R6.25pu. The company has further concluded agreements for the purchase of four additional office properties in Bryanston, Rivonia, Sunninghill and Fourways for a total consideration of R46.9m. Income from these properties will be accounted for from 1
Jul 01. Shareholders are referred to the separate note in this regard. Based on current market conditions, it is expected that profits and distributions will show an increase in the second half.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
