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INVESTEC PROPERTY FUND LIMITED - Trading and Investor Update

Release Date: 28/03/2018 16:39
Code(s): IPF     PDF:  
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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?new



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

Date: 28/03/2018 04:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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