were up 9.5% in Constant-Currency (up 8.1% As-Reported).
Summary: Net yields
provide a better picture of your investment
In Q3: Net Yields
are expected to increase approximately 6.5% in Constant-Currency and 5.5% to 6.0% As-Reported.
These portfolios are immediately income generating with initial net yields
in line with the company's expectations and both were sourced off-market by Civitas Housing Advisors Ltd., the company's investment manager.
This increase in revenue was mainly the result of a decrease in voluntary fee waivers related to certain money market funds, for those funds to maintain positive or zero net yields
(voluntary yield-related fee waivers).
* Net Yields
-4.4 per cent for villas and unchanged for apartments at 5.3 per cent
However, the average net yields
for individual properties compressed to 5.6 per cent and 4.5 per cent for apartments and villas.
"We believe that net yields
will remain consistent, and that no significant change will come to this market while it is such a state of oversupply," the report was quoted.
GOL said that its net yields
increased by 17%, to between 23.0 and 23.5 cents (RUSD ).Fuel prices in February climbed by 16% year-on-year.
Zaid Randeree, Investra managing director said, "TFI is a professional and experienced investment manager and we are extremely pleased to work with them and offer our know-how of the UK real estate market to provide an extremely attractive fund." The fund will offer attractive target net yields
of 7-9% per annum, exposure to a specialist asset class allowing for diversification and subscription with investment as low as Au250,000.
The company's chairman and chief executive officer, Frank Del Rio, said, 'Even with the headwinds created by the unprecedented events in the Middle East and Eastern Mediterranean in the earlier parts of the year, we were pleased to achieve record Net Yields
and record occupancy in 2011.