rebosis property fund ltd (REB) Snapshot

Rebosis Property Fund Limited, Special/Extraordinary Shareholders Meeting, May 22, 2013., at 10:00 SA Eastern Standard Time. Location: 3rd Floor, Palazzo Towers West.

Rebosis Property Fund Limited reported unaudited earnings results for the six months ended February 28, 2013. For the period, the company reported total revenue of ZAR 275,625,000 compared with ZAR 269,999,000 a year ago. Net operating profit was ZAR 202,764,000 compared with ZAR 219,039,000 a year ago. Profit from operations was ZAR 280,619,000 compared with ZAR 203,375,000 a year ago. Profit before taxation was ZAR 95,613,000 compared with ZAR 49,370,000 a year ago. Earnings were ZAR 211,327,000 or 82.18 cents per basic and diluted linked unit compared with ZAR 76,855,000 or 34.97 cents per basic and diluted linked unit a year ago. Headline profit attributable to linked unit holders was ZAR 157,614,000 or 61.29 cents per linked unit compared with ZAR 101,274,000 or 46.09 cents per linked unit a year ago. Cash flows from operating activities were ZAR 20,166,000 compared with ZAR 6,902,000 a year ago. Cash generated from operations was ZAR 174,364,000 compared with ZAR 115,315,000 a year ago.

Rebosis Property Fund Limited (JSE:REB) is seeking acquisitions. Rebosis Property Fund said, "The purpose of the rights offer was to enhance Rebosis' ability to take advantage of pipeline acquisition opportunities and to strengthen its balance sheet, thereby improving its ability to use cash to effect acquisitions."