Tower Property Fund 2018 Annual Results Presentation
Financial Highlights
• Distribution of 40.3 cents per share representing 5% growth from corresponding period
• Distributable earnings of R266 million
• Portfolio at 46 properties after the continued sale of non-core assets
• Portfolio value of R4.9 billion
• Market capitalisation of R2.3 billion
• Loan-to-value of 39%
• Net asset value of R9.68 per share
• Properties sold or in the final process of sale of R247 million
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