South Africa's top performing SA REIT Fairvest Property Holdings Limited ("Fairvest") today announced solid results for the year to 30 June 2018, with annual distributions increasing by 9.91% to 20.150 cents per share. Chief Executive Officer, Darren Wilder said: "Fairvest continues to deliver sector beating growth in distributions, while advancing the portfolio and improving the quality of the underlying properties at the same time. Annualised like-for-like net property income growth of 11.7% points to the quality of earnings, as well as healthy escalations in our portfolio."
Fairvest continues to create significant shareholder value. Its total return to shareholders over one, three, five and ten years, ranks the company amongst the top three REITs in each of those periods. Fairvest has over the past year produced an annual return to shareholders of 17.9%, making it the top performing REIT for the 12 months.