South Africa’s Vukile posts 5.2% rise in distributable income

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JOHANNESBURG, Nov 29 (Reuters) – South African commercial property group Vukile Property Fund (VKEJ.J) said on Wednesday its half-year distribution per share or funds from operations rose 5.2%.

Its distributable income per share – one of the primary measure of profits in real estate investment trusts (REITs) – rose to 85.0 South African cents per share in the six months ended Sept. 30, from 80.8 cents a year earlier.

Reporting by Tannur Anders; Editing by Jacqueline Wong

Our Standards: The Thomson Reuters Trust Principles.

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