Transcend Residential Property Fund lifted its final dividend 25 percent to 43.65 cents per share in the year to December 31, 2020, as its defensiveness came to the fore in the trying economic environment. Picture: Karen Sandison/African News Agency(ANA) Transcend Investment Trust resumes 100% distribution payout By Edward West Share CAPE TOWN - TRANSCEND Residential Property Fund, the specialised residential rental real estate investment trust (Reit), lifted its final dividend 25 percent to 43.65 cents per share in the year to December 31, 2020, as its defensiveness came to the fore in the trying economic environment. The final dividend, paid out at a ratio of 100 percent of the distribution, will be paid from distributable income. Many other JSE-listed Reit’s have either made sharply lower distributions for 2020, due to the devastating impact and uncertainty of Covid-19 on commercial property markets, particularly in the retail space.