Financial results - Year end 28 February 2019
Highlights
- 11.8% growth in distribution per share
- 10.2% growth in net asset value per share
- 26.9% loan-to-value
- 47.6% growth in portfolio value to R12 billion
- 0.9% vacancy across the portfolio
| Year End 28 February 2019 - Profit Announcement |
| Year end 28 February 2019 - Final results presentation |
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Modern logistics space
For new and existing logistics / warehouse requirements please contact:
Equites has well located industrial / logistics developments in Cape Town and Gauteng from 4,000m2 - 40,000m2 |
Company at a glance
Equites listed as the only specialist industrial property fund on the JSE on 18 June 2014. The company is a Real Estate Investment Trust (“REIT”) and both the property and asset management functions are managed internally.
The company aims to provide investors with pure exposure to high quality logistics properties let to investment grade tenants both in South Africa and the United Kingdom. The company has a proven ability to identify and acquire well located logistics assets that meet the requirements of large, institutional tenants. In South Africa, this is complemented with the in-house development of modern logistics facilities, enabled by strategic land
holdings.
All the company’s assets are in proven logistics nodes near large population centres and major transport links that have predictable patterns of strong rental growth. The company focuses on premium 'big-box' distribution centres, let to investment grade tenants on long-dated 'triple net' leases, built to institutional specifications. The locations of preference
are Cape Town and Gauteng in South Africa and the central Midlands and “last-mile” fulfillment centres near major conurbations in the United Kingdom.
The company controls 49.5 hectares of prime industrial land in Gauteng and Cape Town on which it has a substantial contracted pipeline including new distribution centres for Premer FMCG in Midrand and Federal Mogul SA in Meadowview.
The company aims to provide investors with pure exposure to high quality logistics properties let to investment grade tenants both in South Africa and the United Kingdom. The company has a proven ability to identify and acquire well located logistics assets that meet the requirements of large, institutional tenants. In South Africa, this is complemented with the in-house development of modern logistics facilities, enabled by strategic land
holdings.
All the company’s assets are in proven logistics nodes near large population centres and major transport links that have predictable patterns of strong rental growth. The company focuses on premium 'big-box' distribution centres, let to investment grade tenants on long-dated 'triple net' leases, built to institutional specifications. The locations of preference
are Cape Town and Gauteng in South Africa and the central Midlands and “last-mile” fulfillment centres near major conurbations in the United Kingdom.
The company controls 49.5 hectares of prime industrial land in Gauteng and Cape Town on which it has a substantial contracted pipeline including new distribution centres for Premer FMCG in Midrand and Federal Mogul SA in Meadowview.
Latest news
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Equites DPD development in Burgess Hill nearing completion |