Equites reports sustained growth in rentals market

Real estate investment trust Equites Property Fund has reported sustained growth in its rental portfolio over the past few years and expects this trend to continue. In its results presentation for the 2024 financial year, where the company highlighted a dividend a share of R1.31 at a 100% payout ratio, in line with market guidance, Equites CEO Andrea Taverna-Turisan said like-for-like rental growth in South Africa for the period was 6.4%.