Vukile increases full-year guidance on the back of strong interim performance

JSE-listed Vukile Property Fund achieved a 10% increase in its cash dividend to 52.1c a share and a 5.2% growth in its funds from operations (FFO) to 85c apiece for the six months ended September 30. The company has increased its full-year 2024 growth guidance for FFO a share to between 4% and 6% and dividend a share to between 8% and 10%, and CEO Laurence Rapp says the company is confident it will deliver on this, despite headwinds in the market.