Dipula Income Fund Limited B (JSE:DIB)

Izak Petersen
Market Cap (AUD): 1.19B
Sector: Financials
Last Trade (AUD): 4.5 +0 (+0%)
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1. About

Dipula Income Fund Limited B (JSE:DIB) are the B class shares in the Dipula Income Fund, an internally managed, South African focused Real Estate Investment Trust (REIT). The Fund owns a diversified portfolio, primarily comprising retail, office and industrial properties located across all provinces in South Africa. The majority are located in Gauteng. Dipula also invests in affordable residential rental stock.

Dipula Income Fund Limited A (JSE:DIA) shares are entitled to a preferred return of the lower of 5% or CPI.

Dipula Income Fund Limited B receive the remaining net distributable income.

Dipula’s strategy is to own a diversified portfolio with a retail bias and good tenant covenants.

Management is well aligned with other shareholders through their sizable long-term holdings in Dipula.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk