Inactive Instrument

Tower Property Fund Limited

Equities

TWR

ZAE000179040

Tower Property Fund Limited Reports Earnings Results for the Full Year Ended May 31, 2020

August 21, 2020 at 03:00 am EDT

Tower Property Fund Limited announced earnings results for the full year ended May 31, 2020. For the full year, the company announced total revenue was ZAR 395.579 million compared to ZAR 471.740 million a year ago. Operating income was ZAR 90.849 million compared to ZAR 310.035 million a year ago. Net loss was ZAR 494.956 million compared to net income of ZAR 246.400 million a year ago. Basic loss per share was ZAR 1.468 compared to basic earnings per share of ZAR 0.728 a year ago.

Latest news about Tower Property Fund Limited

RDC Properties Limited completed the acquisition of 97.9% stake in Tower Property Fund Limited from Prescient Investment Management Ltd., Allan Gray Limited, Bridge Fund Managers, and others.	21-12-08	CI
Tower Property Fund Limited Reports Earnings Results for the Full Year Ended May 31, 2021	21-09-17	CI
Tower Property Fund Limited Announces Gross Cash Dividend for the Year Ended 31 May 2021, Payable on September 13, 2021	21-08-20	CI
Tower Property Fund Limited Provides Earnings Guidance for the Year Ended 31 May 2021	21-08-04	CI
An unknown clients of Coronation Asset Management Proprietary Limited acquired an unknown minority stake in Tower Property Fund Limited.	21-06-03	CI
RDC Properties Limited agreed to acquire 97.9% stake in Tower Property Fund Limited from Prescient Investment Management Ltd., Allan Gray Limited, Bridge Fund Managers, and other for ZAR 1.3 billion.	21-05-26	CI
Tower Property to Sell Noncore Assets	21-02-22	CI
Tower Property Fund Limited Provides Earnings Guidance for the Six Months Ended November 30, 2020	21-02-16	CI
Tower Property Fund Limited Announces Appointment of Directors	21-01-29	CI
An unknown buyer cancelled the acquisition of 7,967 m2 Medscheme office property from Tower Property Fund Limited.	20-09-16	CI
Tower Property Fund Limited Announces Gross Cash Dividend for the Year Ended 31 May 2020, Payable on September 14, 2020	20-08-21	CI
Tower Property Fund Limited Reports Earnings Results for the Full Year Ended May 31, 2020	20-08-21	CI
Tower Property Fund Limited Appoints Nicola Milne as Member of Social and Ethics Committee	20-08-19	CI
Tower Property Fund Limited Provides Earnings Guidance for the Year Ended 31 May 2020	20-08-13	CI
Tower Property Fund Limited Update on Debt Funding in Croatia	20-07-17	CI
Tower Property Fund Limited Withdraws Its Earnings and Distribution Guidance for the Year Ending 31 May 2020	20-04-17	CI
Tower Property Fund Limited Declares Dividend for Six Months Ended 30 November 2019; Payment Date Is 16 March 2020	20-02-21	CI
Tower Property Fund Limited Reports Earnings Results for the Half Year Ended November 30, 2019	20-02-21	CI
An unknown buyer agreed to acquire 7,967 m2 Medscheme office property from Tower Property Fund Limited for ZAR 97.5 million.	19-09-16	CI
Tower Property Fund Limited Announces Gross Cash Dividend for the Six Months Ended 31 May 2019, Payable on September 23, 2019	19-08-30	CI
Tower Property Fund Limited Reports Earnings Results for the Full Year Ended May 31, 2019	19-08-29	CI
Tower Property Fund Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended November 30, 2018	19-02-28	CI
An unknown buyer completed the acquisition of Pick n Pay Distribution Centre in Pinetown, Kwazulu Natal from Tower Property Fund Limited.	18-09-03	CI
Tower Property Fund Limited Announces Gross Cash Dividend for the Year Ended May 31, 2018, Payable on August 27, 2018	18-07-31	CI
Tower Property Fund Limited Reports Audited Consolidated Earnings Results for the Year Ended May 31, 2018	18-07-31	CI

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Company Profile

Tower Property Fund Limited is a property investment company. The Company owns a portfolio of approximately 43 retail, office and industrial properties in South Africa and Croatia. Its South African portfolio is spread across the Western Cape, Gauteng and KwaZulu-Natal. The Company's portfolio of properties includes Cape Quarter, a retail and office building in De Waterkant, Cape Town; VMD Kvart Block B, an office property in Zagreb, Croatia; Link Hills Shopping Centre, an office and retail property in Kwazulu-Natal; SunClare Office Block in Claremont, Cape Town, and Upper Grayston Drive Office Park in Sandton. Its properties also include Clifton Place, an office and retail property in Cor Hurst and Stephen Dlamini Streets, Berea, Durban; 32 Napier Rd, Cape Town; 320 Kuit Street, Waltloo, Pretoria; Sparrow Shopping Centre, a retail property in Nelson Mandela Drive, Modimolle, and sunclare, an office and retail property in 15 Dreyer Street, Claremont, Cape Town.

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