Ascension Properties Limited. JSE: AIA
Background of Ascension[info_list font_size_icon=”24″][info_list_item list_icon=”Defaults-check”]Established in 2006, Ascension Properties Limited is a black-managed and mostly black-owned property loan stock company on the Johannesburg Stock Exchange (JSE). Its main interests lie in a portfolio of long-term property investments in South Africa. The group can be described as a property income fund focused on commercial office buildings and some retail buildings, with a strong leaning towards governmental and empowerment-sensitive tenants. 50% of its buildings are based in Gauteng, with 43% in the Western Cape and 7% in Mpumalanga. The overall value of Ascension’s properties is close to R 4 billion.[/info_list_item][info_list_item list_icon=”Defaults-check”]In 2013, the fund was converted into a Real Estate Investment Trust (REIT), in accordance with new REIT legislation. In August 2015, Ascension Properties became a subsidiary of black-owned REIT Rebosis Property Fund, when Rebosis purchased 59% of the Ascension shares.[/info_list_item][info_list_item list_icon=”Defaults-check”]Capital structure consists of A and B Linked Units. Each unit contains one share and one debenture. A Units enjoy first rights to the fund’s net distributable income. B-Linked Units receive residual net income, with a higher anticipated growth in distributions compared to A Units.[/info_list_item][info_list_item list_icon=”Defaults-check”]Ascension has a high growth strategy of growing quality and sustainability of in come through rental escalations, building re-tenanting and efficient utilization of space. The company also redevelops properties to enhance value and create longer-term income and growth. At any given point in time, property redevelopments are limited to a maximum of 10% of the portfolio.[/info_list_item][/info_list]
have yielded consistent returns of around 10% for A unitholders and 4.5% for B unit holders. [/info_list_item][/info_list]
Ascension Group Investor Tip
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- Start by Filling in the BUY THIS SHARE form.
- Insert your name, email, telephone number and monthly remuneration.
- Then, Indicate the amount you are looking to invest in Ascension.
- Click the “ INVEST NOW” button
- Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
- Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
[/info_list_item][info_list_item list_title=”Buy Shares with Confidence ” list_icon=”Defaults-circle”]Buying JSE shares has never been this convenient and easy. #myfirstshare
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