Rebosis posts solid interim results

JSE-listed Rebosis on Tuesday said its retail and office portfolio delivered 6.8% net property income growth in the six months ended February 26, 2018, with positive rent uplift on renewals that indicate good property fundamentals. The company’s value in the underlying portfolio grew by 17.9% to R18.9-billion in the six months under review, with like-for-like growth in the underlying retail portfolio having amounted to 7.1% year-on-year, while growth in the commercial portfolio was 5.5% and growth in the industrial portfolio 7%.