S.African realtor Liberty Two Degrees posts 7.4% rise in interim profit

JOHANNESBURG (Reuters) - South African commercial property group Liberty Two Degrees said on Monday its half-year distribution, or part of the profit that will be distributed as dividends, rose 7.4%.

Its distribution per share - the primary measure of profits in real estate investment trusts (REITs) - rose to 18.77 South African cents in the six months ended June 30, from 17.48 cents one year earlier.

(Reporting by Tannur Anders; Editing by Jacqueline Wong)