February 13, 2018 / 6:06 AM / 12 days ago

BRIEF-Tower Property Fund ‍Declares A HY Distribution Of 40.70120 Cents Per Share

Feb 13 (Reuters) - Tower Property Fund Ltd:

* ‍DECLARES A DISTRIBUTION OF 40.70120 CENTS PER SHARE FOR PERIOD ENDED 30 NOVEMBER 2017​

* ‍DECLARE A DISTRIBUTION OF 40.70120 CENTS PER SHARE FOR PERIOD ENDED 30 NOVEMBER 2017​

* ‍SOUTH AFRICAN CORE PORTFOLIO IS PERFORMING WELL​

* ‍CROATIAN PORTFOLIO GROWTH IS RESTRICTED BY REGION‘S LOW INFLATION RATE​

* ‍HAS EMBARKED ON RINGFENCING ITS CROATIAN PROPERTIES THROUGH A SEPARATE OFFSHORE COMPANY​

* TOWER PROPERTY FUND - ‍WERE CERTAIN UNEXPECTED VACANCIES IN PERIOD RESULTING IN PORTFOLIO VACANCIES INCREASING TO 9.13% AT END NOVEMBER 2017​

* ‍VACANCIES ARE EXPECTED TO REDUCE TO 6.22% WITH CONCLUSION OF CERTAIN LARGE LEASES IN JANUARY 2018​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below