Tigere Real Estate Investment Trust reported a steady performance for the period ending 30 September 2026, anchored by a stable macroeconomic environment. Prudent money supply management and fiscal discipline contributed to this stability, supported by a 33.7% year-on-year growth in foreign currency receipts to USD 15.9 billion in the nine months to 30 September 2026.
The property market remained bullish, driven by strong foreign currency earnings, leading to rising property prices and compressed cap rates, particularly in Harare’s northern suburbs. Infrastructure investments and improving supply-demand fundamentals bode well for the medium-term outlook, though tenant affordability and energy costs pose risks. Outlying towns are benefiting from commodity-fueled growth, driving demand for quality real estate.
Tigere’s retail portfolio performed well, with firm foot traffic, positive rental reversions, and high occupancy levels (100% as of 30 September 2026). The Fund’s acquisition pipeline offers opportunities for income diversification and expansion. Tigere aims to acquire three income-producing assets in Q4, subject to unitholder approval.
Key highlights include a Net Asset Value of USD 59,997,789, Net Property Income of USD 3,384,387, and an Occupancy Level of 100%. The REIT declared an interim dividend of USD 1,005,517 (0.0538 USD per unit) for Q3 2026, reflecting its commitment to quarterly distributions. Overall, Tigere’s performance underscores its resilience and growth potential in Zimbabwe’s evolving real estate landscape.
Tigere Real Estate Investment Trust’s steady performance is partly attributed to the government’s prudent macroeconomic management, including fiscal discipline and money supply control, which has maintained stability and boosted foreign currency receipts. The government’s interventions have created a favourable environment for real estate growth, enabling Tigere to leverage opportunities and deliver a solid performance, with a 100% occupancy level and growing net property income
