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 Address to refer: https://www.researchchannel.co.za/article/gemgrow-delivers-maiden-fy-dividend-under-revamped-property-portfolio-2017-11-15
 Article Headline: Gemgrow delivers maiden FY dividend under revamped property portfolio
 Abstract: JSE-listed Gemgrow Properties has declared a full-year dividend, exceeding its earlier forecasts, of 73.51c for each B share and 101.87c for each A share as the real estate investment trust (Reit) delivered its maiden full-year results with a reconstituted property portfolio. The Reit, previously named Synergy Income Fund, ended the financial year to September 30 with a 20.65% loan-to-value ratio, a strong balance sheet, more than 90% hedged debt, vacancies of 7.71% and revenue of R666-million.
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