Reinforcing its strong growth trend JSE-listed Freestone Property Holdings posted a 22% increase in its distribution for the interim period to December 2006. The distribution growth yielded a total return for the interim period of 38%, exceeding the 30% total return of the SA Listed Property Index.
Listed property loan stock company Freestone Property Holdings is introducing a commercial mortgage-backed securitisation programme to slash debt funding costs and take advantage of the more competitive interest margins in the capital markets.
JSE-listed property loan stock Freestone Property Holdings (FSP) has reported a distribution to unit-holders of 53 cents per unit for the year to June 2005, ahead of its 52.5 cents forecast in November 2004.
Property loan stock company Freestone Property Holdings, formerly Arnold Property Fund (A-Prop), made a strong come-back yesterday, posting positive interim results and slashing its borrowings 23%.
Hyprop Investments has disposed of office buildings in aggregate worth R93 million to a spread of parties, successfully furthering its core strategy of disposing of non-core commercial properties to focus on prime retail real estate.
A-Prop has been on a week-long roadshow to gain support from its investors for proposed changes and property acquisitions that promise to significantly improve its viability
Listed property loan stock company Arnold Property Fund (A-Prop) has been on a week-long roadshow to gain support from its investors for proposed changes and property acquisitions that promise to significantly improve its viability.
LISTED property loan stock company Arnold Property Fund (AProp) announced yesterday a total distribution of 11,5c to unitholders for the year to June 30 2004, which was slightly lower than the 14,27c distributed the previous year.
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