BRIEF-Delta Property Fund FY Distributable Earnings Of 45.69 Cents/Share

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BRIEF-Delta Property Fund FY Distributable Earnings Of 45.69 Cents/Share
Credit: © Reuters.

June 15 (Reuters) - Delta Property Fund Ltd DLTJ.J :

* FULL YEAR DISTRIBUTABLE EARNINGS OF 45.69 CENTS PER SHARE

* COMMITTED INVESTMENT OF ABOUT R200 MILLION PER ANNUM IN DEFENSIVE CAPEX AND REGULATORY HEALTH AND SAFETY UPGRADES

* DECISION NOT TO DECLARE A FINAL DIVIDEND FOR SIX MONTHS ENDED 29 FEBRUARY 2020

* REMAINS TOO EARLY TO QUANTIFY FULL IMPACT OF COVID-19 ON GROUP'S PORTFOLIO, HOWEVER, COLLECTIONS HAVE REMAINED ROBUST

* COLLECTED MORE THAN 80% OF ITS MONTHLY BILLINGS FOR APRIL AND MAY THIS YEAR

* EXPECTS TO COLLECT A FURTHER 10% ONCE ITS SOVEREIGN TENANTS RETURN TO WORK AFTER LOCKDOWN

* FY NET PROPERTY INCOME DECREASED BY 9.6%

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