South African specialist logistics property group Equites reported on Tuesday that its full-year distribution per share rose by 4.1% and said it will no longer undertake large-scale developments in the United Kingdom.

The group said its distribution per share - the primary measure of underlying financial performance in the listed property sector - rose to 169.60 cents in its full-year ended Feb. 28, from 162.99 cents a year earlier. (Reporting by Tannur Anders, Editing by Louise Heavens)