Indluplace Properties Limited, the only focused residential REIT listed on the JSE, today reported solid maiden results.
Indluplace is South Africa’s first focussed residential property fund with a substantial residential property portfolio currently mainly in Gauteng. The intention of Indluplace is to acquire yield enhancing properties and portfolios that provide income from day one across quality properties with a national geographical spread where proven demand exists. This will generally be in larger urban centres close to work opportunities and transport infrastructure.
The company’s revenue has increased from R37,4 million (30 September 2014) to R157,8 million (30 September 2015). This increase is as a result of the acquisitions concluded during the previous financial year, together with the partial impact of acquisitions concluded during this period.
Read more in the report below: