In the news
Liberty Two Degrees declares interim distribution of 30c per share
Real estate investment trust (Reit) Liberty Two Degrees (L2D) on Monday, 31 July, declared a distribution of 30c per share in the six months to end-June.
Image source: www.liberty2degrees.co.za
L2D, which listed on the JSE in 2016, owns portions of some of SA's most iconic properties, including Sandton City and Eastgate.
Net rental income for the review period leapt to R177.55m from R28.64m, while portfolio vacancy rate dropped to 3.3% from 4.6%.
"The performance of the L2D assets is underpinned by the quality of the portfolio," the company said in a statement
"In spite of the tough economic environment and the resultant impact on the consumer, the portfolio remains resilient."
Operating costs were 30.3% of contractual rental income in what the company said reflected the robust management of costs in tough economic conditions.
L2D's net asset value per share was up 3.1% to R9.94.
Source: BDpro
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.zaRelated
Sandton City's rooftop transformation set to redefine African retail 6 May 2025 Liberty Two Degrees shines again at the 2024 Footprint Awards with 22 accolades 26 Feb 2025 #BizTrends2025: How collaboration between retailers and landlords is shaping customers’ experiences 14 Jan 2025 #WomensMonth: Melinda Isaacs, seasoned development executive at Liberty Two Degrees 26 Aug 2024 Milestone as Growthpoint boosts Clur index 1 Aug 2024 Milestone as Growthpoint boosts Clur Index 30 Jul 2024
