EPP reports 37% increase in net property income

EPP’s net property income increased by 37 percent y-o-y to €102.2m over the first nine months of the year. The JSE-listed company said earnings available for distribution per share were at €8.75, and EPP is on track to meet its stated guidance of €11.60 to €11.80 per share. “Operationally, the business continues to perform well with like-for-like net rental income (NRI) growth for the nine months of 4.2 percent,” said Hadley Dean, CEO of EPP. The company expects to deliver strong returns to its shareholders for the full year.