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INVESTEC PROPERTY FUND LIMITED - CANCELLATION OF S397584 Trading and Investor Update

Release Date: 28/03/2018 16:38
Code(s): IPF     PDF:  
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CANCELLATION OF S397584 Trading and Investor Update

INVESTEC PROPERTY FUND LIMITED 
Approved as a REIT by the JSE 
(Incorporated in the Republic of South Africa) 
(Registration Number 2008/011366/06) 
Share code: IPF ISIN: ZAE000180915 
(“Investec Property Fund” or “The Fund”) 
                                                        
                                                        
TRADING AND INVESTOR UPDATE 
 

Shareholders are advised that Investec Property Fund is hosting a pre-close investor call prior to it 
entering the closed period for the 12 months ending 31 March 2018, and accordingly the investor 
document has been published on its website at https://archive.investec.co.za/products-and-
services/investing/property-fund/investec-property-fund-investor-relations/financial-results.html 

Shareholders are further advised that the Fund’s dividend per share growth for the financial year 
ending 31 March 2018 is expected to be between 6% - 6.5% versus the previously indicated guidance 
of 7% - 8%.  
 
The slight decrease in guidance is attributable to the continued weakness of the occupier market as 
well as the supply / demand imbalance across certain sectors and nodes. The current market is 
characterised by pressure on reversions, vacancy increases and increased costs to retain and acquire 
tenants in the form of incentives.   
 
Whilst this remains a challenging operating environment, demand continues to exist for quality, well 
located and well managed property. The Fund’s portfolio of quality property, a diversified investment 
base and robust balance sheet ensures the ability of the business to weather the environment. 
 
The aforementioned forecast has not been reviewed or reported on by the Fund’s auditors. 
 
Sandton 
28 March 2018 
 
Sponsor 
Investec Bank Limited 
 
                                   

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