Delta expects FY distribution to rise 15.01% and 16.93%

Delta Property Fund said on Monday it expected its full-year distribution to increase by between 15.01% and 16.93%.

In a trading statement, the property group said its distribution per share for the year ended February 2015 will be between 15.01% and 16.93% higher than for the year ended February 2014.

Distribution will be between 83.60 cents and 85.0 cents per share, compared to the 72.69 cents per linked unit for the previous comparable period, the company said.

The financial results for the year ended February 2015 will be published on or about 7 May.