Delta Property Fund, a level 2 black-empowered real estate investment trust (REIT), has experienced significant turbulence in recent years. With a portfolio valued at R11.3 billion and a loan-to-value ratio of 44.3%, the company has historically derived approximately 80% of its rental income from government or state-owned enterprises, such as Eskom. Specializing...
Delta Property (DLT) was a level 2 black empowered real estate investment trust (REIT) with a portfolio valued at R11,3bn and a loan-to-value ratio of 44,3%. Roughly 80% of its rental income was from the government or state-owned enterprises such as Eskom. The company specialised in renting buildings to government and quasi-government organisations in major South...