SA Corporate Real Estate Fund is a real estate investment trust listed on the JSE Limited, which has a diversified portfolio of 191 properties valued at R9.0 billion. The properties are split sectorally by value into industrial 34%, retail 57%, and office 9% and geographically Gauteng 41%, Kwa Zulu Natal 45% and Western Cape and other 14%.
To be the premier real estate investment fund listed on the JSE and a market leader in terms of investment rating and earnings growth.
A substantial REIT
- Relevance and liquidity
Well diversified
-Target portfolio . Retail 55% . Warehousing and distribution 25% . Offices 25%
- Realign retail composition
- Sell underperforming and non core properties
Moderate risk
- Low debt ratio
- Diversified portfloio and tenancy risk
Areas of focus
.Maximise property performance
- Proactively engaged in leasing initiatives
- Daily management of arrears
- Redevelopment opportunities
- Extract value from recent aqcuisitions
- Quality property portfolio
- Excellent occupancy levels and tenant retention
- High demand, limited supply of industrial space (in particular)
- Lease renewals generating favourable growth
- March 2007 circular forecasts distributions of 30.57 cents per unit for 2008