Tigere REIT dividend jumps 83% on net property income surge

A fattened payout just landed for unitholders, with Tigere Real Estate Investment Trust cranking its quarterly dividend up 83 percent and flexing way stronger rental math.

Dividend surge details

• Tigere Real Estate Investment Trust approved a US$847 250 quarterly payout.
• That stacks against US$463 200 in the same 2024 quarter.
• Unitholders get US$0,04602 per unit.
• Payment is slated for March 18 for holders on March 13.

Income and margin growth

• Annual comprehensive income climbed to US$2,67 million.
• Net property income jumped 61% to US$2 726 797.
• Expense ratio tightened to 16,5% from 23,2%.
• Distributable income per unit rose 23,2% to 0,197 cents.

Portfolio expansion drivers

• Greenfields and Zimre Park Drive Thru boosted Q4 numbers.
• Highland Park Phase 2 delivered a full 12-month contribution.
• Renewals at Highland Park Phase 1 lifted rental reversions.
• Chinamano Corner added extra juice through lease escalations.

Balance sheet and asset lift

• Debtors shrank 61,6% to US$52 014.
• Collection rate improved to 97,3%.
• Investment property value swelled 75,6%.
• Net asset value increased to US$59,48 million.

Occupancy and forward plans

• Average occupancy closed at 97%.
• Newly bought properties entered fully leased.
• Retail tenants at Greenfields beat November and December targets.
• Management eyes four more commercial buys and Highland Park upgrades in 2026.