Fairvest Property Holdings’ focus on being a specialised property group in one market has paid off, while other real estate investment trusts (Reits) have had a torrid time in the pandemic.

The company, which owns malls in townships and small towns — with a focus on serving lower LSM shoppers — couldn’t completely overcome the effects of Covid-19, but its distributable earnings per share for the year to June fell by only 3.4%, the group reported last Wednesday.

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