Tower Property continues to expand portfolio through international investments

JSE-listed real estate investment trust (Reit) Tower Property Fund says it is well positioned to grow its core earnings and expects strong distribution growth in the year ahead. Reporting on its results for the six months ended November 2016, the Reit said it expects to realise R240-million in one-off profits in the next 12 to 30 months that will be reinvested in the company to reduce debt and repurchase shares.