Equites Property Fund Limited provided earnings guidance for the six months ended August 31, 2016. For the year, the company expects distribution per share will be between 53.0 cents per share and 54.5 cents per share, being between 16.7% and 20.0% higher than the 45.42 cents per share reported in the interim results for the six months ended August 31, 2015. The growth in distribution was positively impacted by: the inclusion for the full 6 month period of acquisitions and developments that were completed during the prior year; savings in finance costs following the R1.5 billion accelerated book build in November 2015; nominal increases in administrative costs, despite a large increase in the portfolio size; and the acquisition of a property in the United Kingdom, at an accretive yield.