COMPANY COMMENT
Texton could pave way for others as it ditches Reit status
07 July 2021 - 21:24
Texton Property Fund’s intention to change its business model so it no longer operates as a real estate investment trust (Reit) and is no longer forced to pay dividends annually could inspire others to follow suit.
The listed landlord said in a recent circular that it needed to implement a new model so it could spend its capital to upgrade its existing properties and buy other assets. ..
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