This year has turned out to be a horrible one for many property investors. Not only have real estate punters suffered losses on the capital growth front but there has also been bad news in the form of lower-than-expected dividend growth. However, it’s not doom and gloom for all SA-based property funds. There have been a few notable exceptions, such as logistics company Equites Property Fund, Cape-focused Spear Reit, Stor-Age and blue-chip mall owner Hyprop Investments, which have all delivered dividend growth of between 7% and 12% this year, and Vukile Property Fund is the latest addition to this category. Metope investment analyst Kelly Ward comments.