Newpark is a South African real estate investment trust (REIT) which has commercial and industrial properties worth R1,37bn and with a gross lettable area (GLA) of 57249 square meters. It owns four properties - two in Sandton CBD and one in Linbro Business Park and one in Crown City. In its results for the year to 28th February 2023 the company reported revenue up 15,19% and headline earnings per share (HEPS) up 26,52%. The company's loan-to-value (LTV) was 30,9%. On 7th June 2023 the company announced that it had entered a new lease on its Linbro Business Park property for 10 years from January 2024. In a trading statement for the six months to 31st August 2023 the company announced a dividend of 35c - which is 40% above the previous period's dividend. Funds from operations per share (FFOPS) are expected to increase by between 13,62% and 25,58%. The enduring problem is that its shares are extremely thinly traded and therefore not suitable for the private investor.