Equites delivers impressive earnings in tough market conditions
Equites has reported surge in headline earnings per share, with a rental collection rate of 99.6 per cent in its South Africa operations and an overall logistics portfolio vacancy rate of just 0.8 per cent. Equites CEO, Andrea Taverna-Turisan joins CNBC Africa for more.
Tue, 05 Oct 2021 11:36:34 GMT
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AI Generated Summary
- Strategic sector selection and focus on quality tenants key to Equites' success
- Growth in the UK market driven by e-commerce demand and supply chain optimization
- South Africa market outlook optimistic, with emphasis on modern supply chain solutions and technological advancements
Equites, a leading logistics and warehouse property company, has reported a significant surge in headline earnings per share, showcasing an exceptional performance in the face of tough market conditions. The company boasts a remarkable rental collection rate of 99.6% in its South Africa operations, coupled with an overall logistics portfolio vacancy rate of just 0.8%. CNBC Africa had the opportunity to speak with Equites CEO, Andrea Taverna-Turisan, to delve into the factors behind their success. Taverna-Turisan attributes Equites' outstanding performance to a combination of strategic sector selection and a focus on quality tenants. By targeting top-tier organizations and global players, Equites has solidified its position as a preferred choice for multinational companies seeking logistics solutions. The company's tenant base primarily consists of A grade tenants, with plans to increase this percentage even further in the coming months. Notable partnerships include a collaboration with Hermes Parsonette, a last-mile delivery platform in the UK. Taverna-Turisan highlighted the exceptional growth in the UK market, driven by the surge in e-commerce demand and the need for efficient supply chain solutions. Despite challenges such as truck driver shortages, Equites remains resilient, with a strong commitment to meeting the evolving needs of its tenants. In terms of the South African market, Equites anticipates continued growth opportunities, fueled by the demand for modern supply chain optimization and increased efficiencies. The company's strategic focus on investing in state-of-the-art real estate aligns with the industry's shift towards larger warehouses and advanced logistical capabilities. As technology continues to play a crucial role in shaping the retail landscape, Equites remains at the forefront of innovation, ensuring seamless operations and customer satisfaction. With a keen eye on the future, Equites is well-positioned to capitalize on the evolving dynamics of the logistics sector and drive sustainable growth in both South Africa and the UK.