BRIEF-Vukile Property Fund Reaffirms FY Guidance For Growth In Dividends Of Between 3% To 5%

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BRIEF-Vukile Property Fund Reaffirms FY Guidance For Growth In Dividends Of Between 3% To 5%
Credit: © Reuters.

Dec 2 (Reuters) - Vukile Property Fund Ltd VKEJ.J :

* JSE: VKE - VKE13 - CONDENSED UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

* VUKILE PROPERTY FUND LTD - HY LIKE-FOR-LIKE GROWTH IN NET INCOME OF 6.1%

* VUKILE PROPERTY FUND LTD - REAFFIRMS GUIDANCE FOR GROWTH IN DIVIDENDS OF BETWEEN 3% TO 5% FOR FULL YEAR

* VUKILE PROPERTY FUND LTD - HY TOTAL REVENUE FOR PERIOD INCREASED FROM R1.2 BILLION TO R1.8 BILLION.

* VUKILE PROPERTY FUND LTD - HEADLINE EARNINGS PER SHARE AMOUNTED TO 82.99 CENTS PER SHARE IN HY

* VUKILE PROPERTY FUND LTD - EXPECT CURRENT CHALLENGING CONDITIONS TO LAST INTO NEXT REPORTING PERIOD

* VUKILE PROPERTY FUND LTD - EXPECT PORTFOLIO'S FULL YEAR LIKE-FOR-LIKE GROWTH TO BE IN LINE WITH FIRST HALF OF YEAR

* VUKILE PROPERTY FUND LTD - FURTHER PRESSURE ON ESCALATIONS AND LEASE DURATION WILL MOST LIKELY PERSIST

* VUKILE PROPERTY FUND LTD - FINAL DISTRIBUTION OF 80.83610 CENTS PER SHARE FOR SIX MONTHS ENDED 30 SEPTEMBER 2019

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